Corruption Is Weakening Investor Trust and the Peso

[Zlantann]

I don’t know much about Nigeria, but the Philippines wasn’t like this before -  at least not this bad, back when corruption wasn’t being exposed as much.
 
Things only got worse when it all came to light, because now investors are losing confidence. the authorities can’t even punish the real masterminds behind the mess.

if you follow the investigations, it’s pretty obvious there’s some kind of cover-up going on. only the so-called “sacrificial lambs” are getting jailed, while the bigger names like  senators, congressmen, and other high officials  are still free, some not even facing any charges yet.

Maybe these corrupt politicians were able to conceal their criminal activities from the public. That was why it was not exposed, because with these massive corruption scandals that are being unveiled, I think it has been happening before.

Investors want to be sure that their money is in a safe country. They would be sceptical about moving into a country that will experience economic problems like inflation and currency loss of value. This will affect them negatively and might lead to bankruptcy. With the rate of corruption in the Philippines, investors' confidence in the country will keep depreciating.     

[aioc]

Recent scandals in flood control and farm-to-market road projects, many found to be ghost or overpriced are shaking investor confidence.
Billions wasted, projects unfinished, yet officials still deny accountability.

Foreign investors see this as a red flag. If funds for infrastructure can vanish so easily, how can creditors trust long-term deals?

No surprise the stock market lost over ₱1.7 trillion, and the peso keeps sliding past ₱58 per dollar.
The message is clear: corruption isn’t just a moral issue, it’s killing the economy.

Hey, wait, the Philippines just landed as the number 3 most corrupt country in Southeast Asia. And with how things are being exposed, we are on our way to the number one spot.
The flood control projects scam is just the tip of the iceberg. I just watched the news about many ghost health center projects; these ghost projects could amount to billions of dollars, too.
Before these investigations are over, we will end up with 90% of the government department full of corruption. The world is watching and feels pity for the citizens' suffering. The people of the Philippines are known to be happy people we will end up as the most depressed people after this.

[Fredomago]

I don’t know much about Nigeria, but the Philippines wasn’t like this before -  at least not this bad, back when corruption wasn’t being exposed as much.
 
Things only got worse when it all came to light, because now investors are losing confidence. the authorities can’t even punish the real masterminds behind the mess.

if you follow the investigations, it’s pretty obvious there’s some kind of cover-up going on. only the so-called “sacrificial lambs” are getting jailed, while the bigger names like  senators, congressmen, and other high officials  are still free, some not even facing any charges yet.

Maybe these corrupt politicians were able to conceal their criminal activities from the public. That was why it was not exposed, because with these massive corruption scandals that are being unveiled, I think it has been happening before.

Investors want to be sure that their money is in a safe country. They would be sceptical about moving into a country that will experience economic problems like inflation and currency loss of value. This will affect them negatively and might lead to bankruptcy. With the rate of corruption in the Philippines, investors' confidence in the country will keep depreciating.     

Though there are some that will play and risk but majority will leave and avoid placing their investment in a country where corruptions really exist, we do know that investors are good in reading the potentials they'll rather bring their money in a different location or different ways of investment instead of placing their money in a unhealthy politics and corrupted government.

We may see them leave or possible that they will just divert or save their money till they see changes or potential situation that may strenghten the economy that they wanted to support.

[coin-investor]

Though there are some that will play and risk but majority will leave and avoid placing their investment in a country where corruptions really exist, we do know that investors are good in reading the potentials they'll rather bring their money in a different location or different ways of investment instead of placing their money in a unhealthy politics and corrupted government.

We may see them leave or possible that they will just divert or save their money till they see changes or potential situation that may strenghten the economy that they wanted to support.

It will take time before the confidence of investors is restored. The ongoing investigation is very slow, but that’s how justice in the Philippines is, and this is just a preliminary investigation, not yet court proceedings.

Once it gets in the court, these corrupt people will utilize their dirty money to hire the best and corrupt lawyers in town to defend them, or delay the proceedings, or even make a bargain for a lesser crime.

The Department of Justice in the Philippines should do everything to make these corrupt officials pay, and it should be a jail sentence, and they should return the money they robbed, it's the money of the people who worked hard to pay their taxes in time.

[Agbe]

Corruption is one evil that has far more effect on a nations economy because corruption is beyond stealing money but it actually have a negative effects on the overall performance of a country economy.corruption is one of the reasons why the developing countries are were they are because resources that are met for the development of people are siphoned by one or two individuals with selfish purpose. Corruption is the reason why most developing countries has not been able to have a stable economy because all the factors that leads to economic stability are not there , imagine money ment for fixing electricity is stolen by few people so there is no electricity which is very needed for economic activities to strive which will lead to the overall economic stability of a country's economy.if any nation is to do well then corruption is one thing that they needs to fight and remove first.

[Nahl]

The issues about the corruption have already exist since decades ago and it became an unsolved issues because until now and many countries have to hard struggle to clean their country from the corruption and for some develop countries this became an serious issues because if the investors known about the condition of their countries then it will decreases the investor trust

I believe corruption can kill the foundation of the particular countries and for decades ago economic condition in my country almost be destroy because the officials did corruption massivelly but luckily my president can convince investors and my country can avoiding recession but the number of corruption cases is quite high which i have been thinking probably the corruption cannot be solved until whenever

[Sticky Bomb]

Things only got worse when it all came to light, because now investors are losing confidence. the authorities can’t even punish the real masterminds behind the mess.

How do you expect them to punish what they're part of?

Why do you think I those projects were unfinished or abandoned? If it was only about the contractors then you would've seen them dragged to court, issues and disgraced publicly, but the government cannot fight what is highly inclusive of them. I've a little experience with the government which made me understand how corrupt these guys are. I am a contractor and when I apply for government contacts and submit my proposal, the budget is increased by 1000% or more and I'm still made to defend it while they wait for the day funds would be released and they collect their shares leaving me with a little less than 100% of my quotation to do the job. One last job I was awarded was even rewarded to another company for favoritism and to pull out more funds.


The worst being that you cannot even say NO since you need the profits for your survival and there are lots of guys waiting to jump into the picture ASAP you exit. Too bad.

[uneng]

I've already seen this movie in my country. High and blatant corruption rates in every levels of the government in partnership with private companies as well, an enraged population demanding instant changes and solutions, and a messianic political leader or party promising to be the only able to fix everything, while raising the flag of honesty.

Then, government changes, a new political is elected and you discover it was never for the ideals promoted, rather it's just another project of power which aims to benefit a minority on the top of the pyramid through the same (or even worse) corrupt methods. However, unlike before, now the population will be passive towards corruption. They will even find a way to defend it indirectly.

Third world countries are third world countries for a reason: its own people, its own citizens. You can't fight alone against this system. Move away from such countries on the first opportunity you have, considering its lifestyle and wicked values cause suffering on you.