In a global survey whose results were released last week, the Philippines was ranked 17th among 53 economies with the highest perceived prevalence of bribery and corruption in the private sector. It is no coincidence that countries rated at the top of the Happiness Index, which is based on quality of life indicators, are among the least corrupt. Economies with the lowest incidence of bribery and corruption in business are Germany and Switzerland, which shared the No. If businessmen engage in bribery, it is because they know there are public officials who are receptive to crooked deals. The EY survey showed that 100 percent of the respondents in the Philippines acknowledged the importance to their business of showing integrity.

Source: Philippine Star May 06, 2018 16:04 UTC