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