Corruption's Impact on the Philippine Economy

Finally, people are talking about the great big elephant in the room.

Corruption is front and center from alleged ghost flood control projects to questions over

how public funds are being spent. And these governance issues don't just shake politics,

they strike at the very core of our economy. Wasted resources, delayed infrastructure

and eroding investor confidence. Add to that the latest inflation pick up to 1.5%

in August, the highest since March, at a time when the Bangko Sentral ng

Pilipinas is easing policy rates to prop up sluggish growth. Any new price shock

or governance shock could tip that balance. To help us make sense of the risks and the outlook,