Dennis Gasgonia

President Ferdinand Marcos Jr. during the Inauguration of the New LRT - 1 4th Generation Light Rail Vehicles (LRVs) at the LRT Baclaran Depot in Pasay City on July 19, 2023. Jonathan Cellona, ABS-CBN News

Article (news)

Katrina Domingo

ABS-CBN News

BUSAN, Southern Korea — President Ferdinand Marcos Jr. on Saturday said  investors’ “confidence is stronger in the Philippines” after his administration exposed corruption schemes in the government’s flood control projects.After meeting business leaders and investors during the Asia-Pacific Economic Cooperation (APEC) Summit this week, Marcos Jr. insisted that “the level of confidence in the Philippine economy” has been “restored.”“If we had not exposed it, then they would be saying that there&#x27;s a problem. Now that we have exposed it, their confidence is stronger in the Philippines kasi kahit may ganyan, talagang inaayos nila (even if there is that problem, we are addressing it) so that&#x27;s why things have changed,” the President said.<div><a href="https://www.abs-cbn.com/news/nation/2025/11/1/marcos-jr-confident-on-legal-grounds-for-ici-s-existence-mandate-2129">Marcos Jr. confident on legal grounds for ICI’s existence, mandate</a></div>“The level of confidence in the Philippine economy and in the Philippine government as the leader and the guider of the economy is restored,” he said. Despite this, Marcos Jr. acknowledged that no country can claim to have totally eradicated corruption in the bureaucracy.“All countries have their own problems, but the only problem, especially for investors, is whether or not the government is doing anything about it,” the Philippine President said.“If the government were doing nothing about it, I would guess he wouldn&#x27;t say the same thing,” he said.Malacañang has repeatedly dubbed Marcos Jr. as the supposed whistleblower of the corruption scandal surrounding flood control projects in the Philippines after the President released the full list of anti-flood programs under his administration, and urged the public to help the government in probing several questionable projects.<div><a href="https://www.abs-cbn.com/news/nation/2025/10/30/the-6-people-named-in-ici-report-and-their-alleged-links-to-flood-control-mess-1732">The 6 people named in ICI report and their alleged links to flood-control mess</a></div>Marcos Jr. has also created the Independent Commission for Infrastructure (ICI) to focus on the investigation against government officials and private contractors involved in what has been called the Philippines&#x27; biggest corruption scandal.Despite this, the ICI has been criticized for its slow proceedings that have been withheld from the public. Marcos Jr. said that he has nothing to do with the ICI’s processes and maintained that the panel remains independent.

President Ferdinand Marcos Jr. on Saturday claimed that investors’ “confidence is stronger in the Philippines” after his administration exposed corruption schemes in the government’s flood control projects.

President Ferdinand Marcos Jr. on Saturday claimed that investors’ “confidence is stronger in the Philippines” after his administration exposed corruption schemes in the government’s flood control projects.

Marcos Jr.: Investor confidence in PH ‘stronger' after flood control exposé

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Marcos Jr.: Investor confidence in PH ‘stronger' after flood control exposé

Katrina Domingo,

ABS-CBN News

Published Nov 01, 2025 10:46 PM PHT

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Updated Nov 02, 2025 08:54 AM PHT

Read More:

Ferdinand Marcos Jr.

corruption

investors

flood control projects

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