Corruption’s economic toll

Alongside efforts to hold crooks accountable and implement reforms to prevent corruption, the government must redouble its efforts to promote economic growth.

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In all his travels overseas, President Marcos pitches the Philippines as an investment destination, saying that the country is open for business.

Amid the still expanding corruption scandal, the country must reassure the world that meaningful reforms are underway, with the effort not just a flash in the pan to quell public unrest.

The flood control mess is on top of headwinds that have affected the global economy this year, such as the tariffs unilaterally slapped by US President Donald Trump and the continuing armed conflicts in Gaza and Ukraine.