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 Global Navigator | Central banks hold firm as inflation risks re-emerge and oil prices resurge EPFR 11.08.2026 Publications The Federal Reserve held interest rates steady mid-week, and at the start of the latest reporting period through August 5, the Bank of Japan and European Central Bank followed suit. Our analysts at ISI Markets captured the backdrop well.... Read More Emerging Asia: The new powerhouse for machinery & equipment growth EMIS 10.08.2026 Insights Emerging Asia is rapidly solidifying its position as a global manufacturing hub for the Machinery & Electrical Equipment (MEE) sector, Read More Singapore’s DayOne data centers closes USD 4.5bn Series C, setting up run at USD 20bn IPO EMIS 05.08.2026 Insights DayOne Data Centers has finished raising one of the largest private rounds ever seen in the data-center business. The Singapore-headquartered Read More Sorry, no articles match the current filters. Sorry, no articles match the current search query.