Philippine corruption and foreign investment

Philippine corruption and foreign investment

The latest such survey was done by the Political and Economic
Risk Consultancy (PERC) in 12 Asian economies. And again,
Singapore and Hong Kong got the highest ratings as far as
fighting corruption is concerned. India, China, Indonesia and
Vietnam were seen to be making headway in fighting corruption.
And the Philippines and Thailand were seen to have a worsening
corruption.

Most disturbing of all, for us, is that PERC says investors
are willing to overlook Thailand's corruption but not that of the
Philippines.

The question is, can our government be objective enough to
realize the reasons for this? And can other entities, like
political parties and those involved in labor organizing, take a
long hard look at the conditions that foster continued investment
in Thailand while discouraging investments here?
-- The Daily Inquirer, Manila