Big Take Asia The $2 Billion Flood Control Scandal Rocking the Philippines
Dec 16, 2025
Andreo Calonzo, a Bloomberg reporter, shares gripping firsthand accounts from flood-hit regions in the Philippines, including the struggles of residents in Francis village. Rosalind Matheson, Bloomberg's chief Asia correspondent, discusses the major corruption scandal, detailing how billions intended for flood control have vanished. They explore public outrage, massive protests, and the intricate kickback schemes involving lawmakers. Both guests highlight the scandal's grim implications for political stability and economic investment in the country.
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Villager Cleans Up After Failed Dike
- Andreo Calonzo recounts meeting Estelita Pagdanganan cleaning flood mud outside her Francis village home after storms.
- The dike meant to protect her village instead trapped water, worsening flooding and health risks.
Systemic Syndicate Looted Flood Funds
- Investigations found a syndicate of lawmakers, public works officials and contractors rigging bids and taking kickbacks.
- Bloomberg estimates 25–70% of project funds were siphoned, leaving substandard or ghost flood works.
Crumbling Dike With Exposed Rebar
- Andreo Calonzo describes a dike that cracked within a year and showed exposed reinforcing bars and washed-away cement.
- Locals said contractors used far less cement than specified, leaving hollow, crumbling structures.