Jauhn Etienne Villaruel

Independent Commission for Infrastructure (ICI), together with Department of Public Works and Highways (DPWH) Secretary Vince Dizon, conduct an on-site inspection of major infrastructure projects in Pampanga on Tuesday, September 23, 2025. The officials checked the progress of the San Agustin Bridge in Camba and the Candating flood-control project in Arayat, both designed to improve mobility and strengthen the province’s disaster resilience against flooding. Maria Tan, ABS-CBN News

Article (news)

Katrina Domingo

ABS-CBN News

<div><span class="fr-img-caption fr-fic fr-dib" style="width:960px;display:block"><span class="fr-img-wrap"><img src="https://od2-image-api.abs-cbn.com/prod/editorImage/1763017522802cropped-20250923-flood-cointrol-pampanga-ici-MT12.jpg" style="width:960px" class="fr-fic fr-dib"/><span class="fr-inner" style="text-align:left">Independent Commission for Infrastructure (ICI), together with Department of Public Works and Highways (DPWH) Secretary Vince Dizon, conduct an on-site inspection of major infrastructure projects in Pampanga on Tuesday, September 23, 2025. The officials checked the progress of the San Agustin Bridge in Camba and the Candating flood-control project in Arayat, both designed to improve mobility and strengthen the province’s disaster resilience against flooding. Maria Tan, ABS-CBN News</span></span></span></div><p>MANILA — The “downturn” in the Philippine economy in the third quarter of 2025 is not solely due to negative investor sentiment over corruption woes, President Ferdinand Marcos Jr. said on Thursday.</p><p>Marcos Jr. gave the comment days after the Philippines logged a <a href="https://www.abs-cbn.com/news/business/2025/11/7/ph-economy-grows-4-pct-in-q3-slower-than-previous-quarter-0920" rel="noopener noreferrer" target="_blank">4 percent </a>GDP growth last quarter, and recorded all-time low numbers in the stock market and in the peso-dollar exchange.</p><div><a href="https://www.abs-cbn.com/news/business/2025/11/12/peso-weakens-to-record-low-p59-17-1817" rel="noopener noreferrer" target="_blank">Peso weakens to record-low P59.17 vs $1</a></div><p>“There really was a downturn in economic activity. You have to remember it&#x27;s not only because of these problems,” he said, referring to the corruption issues surrounding flood control projects.</p><div><a href="https://www.abs-cbn.com/news/business/2025/10/7/investors-prefer-gov-t-battling-corruption-palace-2357" rel="noopener noreferrer" target="_blank">Investors prefer gov’t battling corruption: Palace</a></div><p>“We are not the only ones suffering the shocks that come from the new trade structure that has been imposed on the rest of the world, and so we are all adjusting to that,” he said.</p><p>“Kaya ‘yung mga growth rate na lahat ng grupo all around the world is falling,” he added.</p><div><a href="https://www.abs-cbn.com/news/business/2025/10/16/biz-group-says-foreign-investors-worried-about-ph-corruption-issue-1149" rel="noopener noreferrer" target="_blank">Biz group says foreign investors worried about PH corruption issue</a></div><p>Recent calamities that led to class and work suspensions have also hindered domestic economic activity, the President said.</p><p>The government has been implementing various measures to address the economic slump, he said.</p><p>“Because the public spending now will be increased to make sure that by the end of the year, the levels of public spending are according to our original plan,” he said.</p><div><a href="https://www.abs-cbn.com/news/business/2025/11/1/marcos-jr-investor-confidence-in-ph-stronger-2246" rel="noopener noreferrer" target="_blank">Marcos Jr.: Investor confidence in PH ‘stronger&#x27; after flood control exposé</a></div><p>“So, mababawi natin ‘yung nawala sa third quarter,” he added.</p><p>The Palace earlier announced the release of trillions in additional funds to boost the spending of several agencies ahead of the Christmas season.</p><div><a href="https://www.abs-cbn.com/news/business/2025/11/6/marcos-orders-release-of-p1-307-trillion-in-last-quarter-to-respond-to-calamities-1604">Marcos orders release of P1.307 trillion in last quarter to respond to calamities</a></div><p>Malacañang earlier said that it is also counting on an expected hike in remittances from overseas Filipino workers during the holiday season to help buoy the domestic economy.</p><div><br/></div><div><strong>RELATED VIDEOS</strong></div><div><span class="fr-video fr-deletable fr-fvc fr-dvb fr-draggable" contenteditable="false" draggable="true"><iframe width="640" height="360" src="https://www.youtube.com/embed/CTz8aDj5HNQ?&amp;wmode=opaque&amp;rel=0" frameBorder="0" allowfullscreen="" class="fr-draggable"></iframe></span><span class="fr-video fr-deletable fr-fvc fr-dvb fr-draggable" contenteditable="false" draggable="true"><iframe width="640" height="360" src="https://www.youtube.com/embed/Sl1daHU6e7M?&amp;wmode=opaque&amp;rel=0" frameBorder="0" allowfullscreen="" class="fr-draggable"></iframe></span><br/></div>

<p>The government has been implementing various measures to address the economic slump, President Ferdinand Marcos, Jr. said.</p>

The government has been implementing various measures to address the economic slump, President Ferdinand Marcos, Jr. said.

Corruption scandal not lone factor in PH’s economic ‘downturn’ in Q3 2025: Marcos

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Corruption scandal not lone factor in PH’s economic ‘downturn’ in Q3 2025: Marcos

Katrina Domingo,

ABS-CBN News

Published Nov 13, 2025 03:07 PM PHT

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Updated Nov 22, 2025 09:16 AM PHT

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Philippine economy

GDP

corruption

flood control issue

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