The Philippine Chamber of Commerce and Industry (PCCI) has raised alarm over the alleged multibillion-peso corruption in flood control projects, warning that the scandal could undermine investor confidence and damage the country’s image abroad.
“For the businessmen, we’re concerned. We’re the ones paying the taxes and the money for this is all coming from taxes and loans. Hopefully, this can be dealt with,” PCCI chairman George Barcelon said in an interview on ANC’s Market Edge.
Barcelon noted that while the business community welcomes President Ferdinand Marcos Jr.’s efforts to expose irregularities, swift government action is crucial. “We didn’t realize the amount involved is staggering, half-a-trillion pesos,” he emphasized, citing the 9,855 projects worth ₱545 billion funded since July 2022.
The Department of Finance earlier revealed that so-called “ghost” flood control projects cost the economy more than ₱100 billion between 2023 and 2025—money Finance Secretary Ralph Recto said could have created 266,000 jobs.
Barcelon compared the controversy to the infamous Priority Development Assistance Fund (PDAF) scam, warning that without strong evidence and protection for whistleblowers, cases could collapse. He reminded the public of the acquittals of Janet Napoles and several lawmakers earlier this year due to lack of proof.
Critics have also likened the flood control mess to the same “playbook” used during the pork barrel scam, pointing to contractors Curlee and Sarah Discaya, who recently named officials allegedly demanding commissions. The couple has since expressed willingness to testify as state witnesses.
“Government should give protection program to people can come out with Discaya,” Barcelon urged. He added that if the issue is not resolved with credibility and urgency, “it’s not good for our image.”
