01/11/2025
Confidence in the Philippine economy has been restored, President Ferdinand "Bongbong" Marcos Jr. said on Saturday, amid government efforts to address corruption in infrastructure projects, particularly those related to flood control.
During a press conference with the Philippine media delegation, Marcos was asked for his reaction about an American businessman who is not afraid to invest in the country despite the corruption scandal hounding the Philippines.
The businessman is Salvador Ahumada, CEO of ACEIS company, which is an international firm based in Bangkok, Thailand, that specializes in large-scale modernization projects. He attended the APEC CEO Summit in Gyeongju, where Marcos delivered a speech.
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