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Corruption issues hurting US investor interest in the Philippines — Romualdez
Philippine Ambassador to the US Jose Manuel Romualdez stated that corruption issues in the Philippines are causing hesitation among potential investors from the United States.
He estimated that $100 billion to $150 billion in potential investments may be at risk unless corruption scandals are resolved.
Romualdez emphasized that these corruption scandals have a significant negative impact on the country's foreign investments.
Foreign investors are closely watching for resolutions to these issues and expect an efficient justice system in the Philippines.
However, Special Assistant to the President for Investment and Economic Affairs Frederick D. Go insisted the country has not lost any investment pledges.
The US State Department's 2025 Investment Climate report identified corruption as a major barrier to foreign investment in the Philippines.
The Marcos administration is intensifying its anti-graft campaign, with the Independent Commission for Infrastructure investigating alleged irregularities in flood control projects.
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