House to prioritize passage of anti-corruption measures

House to prioritize passage of anti-corruption measures | The Philippine Star News Headlines

He said the United Nations estimates that more than 10 percent of the country’s Gross National Product is lost to various forms of corruption, while some surveys ranked the Philippines fourth most corrupt among 16 Southeast Asian countries. “Paradoxically, this level of corruption co-exists with and festers in spite of the numerous institutions that have been established to fight it. There are about 30 anti-corruption laws and more than 15 agencies established to eradicate it,” Belmonte said. “This paradox informs us the drive against corruption requires a comprehensive approach that includes enhancing law enforcement, increasing prosecutorial success, and establishing a culture of transparency in government,” he said. He said a major factor that turns off investors is the high risk of doing business in the country, which is aggravated by corruption. - Phil. Star, citing Speaker F. Belmonte Jr.

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