CEOs watch probe into flood control corruption amid "Sumbong sa Pangulo"

CEOs are closely monitoring the congressional probe into alleged corruption in flood control projects, viewing President Ferdinand Marcos Jr.'s "Sumbong sa Pangulo" as a significant development.

A recent survey by PwC Philippines and the Management Association of the Philippines shows CEOs are generally confident in the government's handling of inflation, foreign relations, and infrastructure projects.

However, CEO satisfaction plummets regarding the fight against corruption, with approval ratings dropping to 9 percent in 2025 from 10 percent in the previous year.

PwC Philippines Chairman and Senior Partner Roderick Danao highlighted the need for legal actions against wrongdoers to set a precedent for transparency and accountability.

The "Sumbong sa Pangulo" initiative, which has received over 12,000 complaints, is recognized as a potential turning point in exposing various parties involved.

The flood control scandal has increased pressure on both the private sector and government to act decisively against corruption.