5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
No Result
View All Result
Home Stock

House to continue infra probe

by
September 15, 2025
in Stock
0
House to continue infra probe
PHILIPPINE STAR/MICHAEL VARCAS

HOUSE SPEAKER Ferdinand Martin G. Romualdez on Monday said the chamber will continue with its investigation into bogus flood control deals, amid swelling outcry over corruption in infrastructure projects.

He said the House would still continue to pass productive bills aimed at addressing the needs of ordinary Filipinos despite carrying on with its inquiry.

“Let us continue the investigations against corruption so that the truth will come out,” he said in a statement.

He also said the House will not protect congressmen that would be implicated in bogus flood control deals, describing the controversy as “bigger than personalities.”

“The House will not be a refuge for wrongdoing,” he said in a separate statement. “Not even its own members will be shielded if wrongdoing is proven.”

Reports of anomalies in multibillion-peso infrastructure contracts have ignited public outcry and prompted scattered protests across the Philippines, a country frequently hit by severe flooding. 

President Ferdinand R. Marcos, Jr. has since established an independent commission to investigate flood control deals awarded in the past decade to look into alleged large-scale corruption.

Mr. Romualdez said the fact-finding body would be “an opportunity to cleanse the system,” and the House is prepared to assist in its investigation to help fast-track the inquiry.

Several House committees have also begun checking if there are procurement process loopholes that lawmakers may plug to contribute to anti-corruption government efforts, he added.

Also on Monday, a coalition of congressmen urged Mr. Marcos to prioritize the approval of a bill seeking to institutionalize an independent commission to investigate bogus flood control deals via law.

Filed last week, House Bill No. 4453 proposes the creation of a five-member commission to investigate alleged corruption in flood control projects. It would be granted full access to state records and have subpoena and contempt powers for non-compliance.

“For an investigative commission to be truly independent, powerful, representative and efficient, it must be created by law,” House Deputy Minority Leader and Party-list Rep. Leila M. de Lima said in a media briefing. — Kenneth Christiane L. Basilio

Previous Post

Complaint filed over Duterte arrest

Next Post

Ex-DPWH engineer back in Senate

Next Post
Ex-DPWH engineer back in Senate

Ex-DPWH engineer back in Senate

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.







    Fill Out & Get More Relevant News





    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recommended

    Savor the flavors at SM Supermalls’ Food Fest

    Savor the flavors at SM Supermalls’ Food Fest

    September 16, 2025
    Philippine auto sales decline by 7.6% in August

    Philippine auto sales decline by 7.6% in August

    September 16, 2025
    AI startup Nory raises $37m to help restaurants cut costs and boost profits

    AI startup Nory raises $37m to help restaurants cut costs and boost profits

    September 16, 2025
    US and China reach TikTok deal after years of security disputes

    US and China reach TikTok deal after years of security disputes

    September 15, 2025

    Disclaimer: 5GInvestmentNews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 5GInvestmentNews. All Rights Reserved.

    No Result
    View All Result
    • Home
    • Privacy Policy
    • suspicious engagement
    • Terms & Conditions
    • Thank you

    © 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.