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Public Works Secretary Vince Dizon on Friday announced that he will meet with the Anti-Money Laundering Council (AMLC) next week to discuss the freezing and eventual seizure of assets belonging to individuals allegedly involved in corruption tied to the Department of Public Works and Highways’ (DPWH) flood control projects.

Public Works Secretary Vince Dizon on Thursday filed criminal charges before the Office of the Ombudsman against 20 personnel of the Department of Public Works and Highways (DPWH) Bulacan 1st District Engineering Office and four private contractors, in connection with alleged anomalies in flood control projects.

The country’s unemployment rate rose to 5.3 percent in July 2025, the highest level since August 2022, despite a shrinking labor force—weighed down largely by a series of storms and widespread flooding, the Philippine Statistics Authority (PSA) reported Wednesday.

The country's chief executives remain broadly confident in the outlook of the various industries over the next 12 months despite persistent challenges such as corruption, macroeconomic volatility, and geopolitical risks, according to the CEO Survey 2025 conducted by the Management Association of the Philippines (MAP) and Isla Lipana & Co./PwC Philippines.

The World Bank is backing a five-year, USD70 million initiative to create a co-insurance pool that will cushion Philippine agriculture from escalating climate-related risks.