Corruption cost

A United Nations agency recently bared its assessment report indicating that the global cost of corruption is about US$2.6 trillion, or more than P130 trillion, $1 trillion of which or over P50 trillion comes in the nature of bribery. It is unclear if this figure includes payment for subtle or outright extortion demands.

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Golden era of PH infrastructures

The Senate is now about to pass the Tax Reform Acceleration and Inclusion (TRAIN) if it has not done so by the time this column comes out. Together with the administration’s “Build, Build, Build” program under the Public-Private Partnership (PPP) scheme, they are expected to usher in the country’s so-called “Golden Era of Infrastructure.”

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