Home>News & Insights>Publications>Philippine scandal puts state projects on hold – and energy consumption drops, tooPhilippine scandal puts state projects on hold – and energy consumption drops, too CEIC Publications Ana Cuello Franco 12.05.2026 under a minute read Our ASEAN Premium database is unlocking more signals from one of the world’s most dynamic regions. In this case, we examine the Philippines, where a scandal involving large flood-control projects is having profound consequences on the real economy. Allegations of corruption began in 2024 and were more widely publicized in mid-2025 – and that’s when trends change in our chart. Oil imports and electricity use started shrinking as major projects were put on hold. Government capital outlays tipped into a prolonged period of year-on-year contraction. Tags ASEANCorruptionPhillipinesRecent Posts Progress, gaps, and India’s climb in global insolvency rankings REDD 13.05.2026 Insights Our second guest blog in the series features Neel Gopalakrishnan, Director at S&P Global Ratings. Neel has written extensively on Read More Investors continue to take the short route in early May EPFR 13.05.2026 Insights, Publications Reflecting on interest rate decisions by policymakers in the latest central bank meetings and penciling in expectations for cuts or Read More Resilient EV exports, overcapacity in solar: checking in on China's key innovation sectors CEIC 12.05.2026 Publications China calls electric vehicles, lithium-ion batteries and solar equipment its "new three.” These sectors are becoming an ever more important Read More Sorry, no articles match the current filters. Sorry, no articles match the current search query.