MANILA, Philippines – Under the shadow of a new survey, the New York Times considers the Philippines as the most corrupt country in the Asian region.
The survey released on Tuesday said that Singapore ranked as one of the least corrupt of the 13 Asian economies surveyed – the second least corrupt was Hong Kong and the third was Japan.
The survey said “The Philippines has the distinction of being perceived in the worst light this year.” “People are just growing tired of the inaction and insincerity of leading officials when they promise to fight corruption.”
In all, the survey was conducted in over a two month period at the beginning of 2015 and questioned 1,476 expat executives in the 13 countries and territories throughout Asia.
the Philippines scored 9.40 out of 10 on corruption, giving it the number one spot.
In 2006, the same survey gave the most corrupt nation to Indonesia – in that same year, the Philippines scored a 7.80 – Indonesia was still high in corruption in 2015 with an overall score of 8.03.
The survey however said that the Philippines, Thailand and Indonesia were systematic in corruption saying in fact they were all just about as bad as one another.
“The Philippines has been getting the least amount of foreign direct investment, and the level of foreign capital flowing to its stock market is also less than in either Indonesia or Thailand,” the report noted.
To the question – “How effective is the judicial system at prosecuting and punishing individuals for corruption when abuses are uncovered?” the respondents gave the Philippines a score of 9.06, with 10 being “ineffective.”
Another question asked – “To what extent is corruption a deterrent to your willingness to invest and expand your business?” the Philippines scored 8.50, with 10 reflecting “a major deterrent.”
Local corruption monitors including the United Nations confirms that graft and bribery is common place throughout the Philippines.
Corruption has penetrated every level of government within the country – from the Police Officers who pull you over for a bribe, all the way to the Bureau of Customs and more.
It is estimated that nearly $2-billion dollars, or roughly 13% of the Philippines annual budget is lost to corruption each year, this according to the United Nations Development Program.
The same United Nations has threatened the Philippines for its inaction against corruption issues and has issued a stern warning it would be kicked out of the programs which help assist it, or for those lacking ideology, they will pull the plug on more corruption./ philippineslifestyle.com