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2025-11-25 11:01:19
[Fitch's BMI: Philippine Corruption Scandal May Continue to Drag Down Foreign Direct Investment] 1. A report by Fitch Solutions' BMI indicates that the recent corruption scandal in the Philippines is likely to continue to suppress foreign direct investment inflows into the country, an impact expected to extend into next year. 2. The scandal stems from potential corruption issues surrounding flood control projects raised by President Marcos in July, alleging that public funds intended for flood control infrastructure were diverted to substandard or non-existent projects. 3. Analysts say the incident has exacerbated investor concerns about the Philippine macroeconomic environment amid global trade uncertainty. Data shows that Philippine foreign direct investment fell sharply by 40.5% year-on-year in August and has shown signs of further deterioration, with the negative impact of the corruption scandal compounded by existing pressures from global trade tensions.
