Indonesia Charges Toba Pulp Lestari in $113 Million Tax Fraud Probe
Prosecutors allege the listed pulp producer manipulated product classifications and under-invoiced exports over 17 years, causing substantial state revenue losses
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Prosecutors allege the listed pulp producer manipulated product classifications and under-invoiced exports over 17 years, causing substantial state revenue losses

The Philippines scales back public works spending as corruption probes reshape fiscal priorities in Southeast Asia's fourth-largest economy

A declassified inquiry exposes years of governance failures at the state-run pilgrimage fund, triggering arrests and renewed scrutiny of political appointments across public institutions

Economic expansion slows to multi-year low as public construction plunges amid corruption investigation into flood control projects

Three leadership changes in under two months raise questions about governance as agency prepares to deliver meals to 90 million children

A sweeping review of public works projects has frozen capital formation for three straight quarters, pulling GDP growth to its slowest pace in years

Nearly a year after President Marcos's public rebuke of corrupt officials, Manila continues rolling out fiscal controls while transparency advocates push for structural reforms.

Manila now expects 3.5 to 4.5 percent expansion in 2026 after dual crises hit consumer spending and infrastructure investment

Stricter payment vetting delays contractor reimbursements nearly a year after flood-control scandal, with public works department bearing the brunt of slowdown