Big Take The $2 Billion Flood Control Scandal Rocking the Philippines
Dec 16, 2025
Andreo Calonzo, a Bloomberg reporter with firsthand insights into the flood crisis in the Philippines, joins Rosalind Matheson, Bloomberg's Chief Asia correspondent, to discuss a massive corruption scandal in flood control. They delve into the impacts of shoddy construction and lost homes on local villagers. The conversation highlights the political fallout and investor concerns, detailing a kickback scheme involving lawmakers. With mass protests emerging, they examine the challenge of regaining public trust and the implications for economic stability moving forward.
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Dike Made Flooding Worse
- Villagers in Francis expected a dike to end their repeated flooding woes but instead saw water trapped for months after completion.
- Andreo Calonzo observed the dike cracked, used poor materials, and worsened local floods shortly after finishing in 2023.
Systemic Syndicate Behind Projects
- Investigations show a syndicate of lawmakers, public works officials and contractors allegedly rigged bids and shared kickbacks.
- Bloomberg reports that as few as 15 contractors captured 20% of projects and may have siphoned 25–70% of funds.
Life Disrupted By Failed Projects
- Francis villagers reported ruined farmlands, blocked ambulances, and makeshift bridges to reach school because of persistent flooding.
- Jesse Calliago described how flooding damaged livelihoods and raised public health fears like dengue from stagnant water.