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Market Impact: 0.2
Marcos Cousin Romualdez Pleads Not Guilty of Plundering Flood Project Funds
Source: Bloomberg
Legal & LitigationElections & Domestic PoliticsInfrastructure & Defense
A cousin of Philippine President Ferdinand Marcos Jr. pleaded not guilty to a plunder charge tied to an alleged corruption scandal involving flood-control projects. The case creates political and governance risk around Philippine public-infrastructure spending, though the article provides no financial magnitude or direct market reaction.
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