MANILA (Bloomberg): Two ministers from Philippine President Ferdinand Macros Jr.โ€™s cabinet resigned amid allegations of corruption, the first direct impact on his government from the multibillion-dollar scandal thatโ€™s ignited public anger and become a drag on the economy.

Executive Secretary Lucas Bersamin and Budget Secretary Amenah Pangandaman resigned on Monday "after their departments were mentioned in allegations related to the flood control anomaly currently under investigation and in recognition of the responsibility to allow the administration to address the matter appropriately,โ€ Presidential Co

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