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Philippines ranks poorer in TI corruption survey 23 September 2008 – The country’s ranking in the 2008 Corruption Perceptions Index (CPI) launched by Transparency International (TI) slid 10 notches down from the previous year, tying for 141st place with Cameroon, Iran and Yemen. Last year, the country tied for 131st place with Burundi, Honduras, Iran, Libya, Nepal and Yemen. In Asia, the Philippines rated higher than Indonesia at 143rd place. The corruption perception index measures the degree of corruption as seen by business people and analysts. TI also said that other backsliders in the 2008 CPI reveal that oversight mechanisms to curb corruption are still weak and are at risk among rich nations. The 2008 CPI scores 180 countries, the same number as the 2007 CPI, on a scale from zero (which means highly corrupt) to 10 (which means highly clean). The Philippines scored a CPI rating of 2.3. TI also reported that poorer countries are often plagued by corrupt judiciaries and ineffective parliamentary oversight, while wealthy countries showed evidence of insufficient regulation of the private sector in terms of addressing overseas bribery by their countries, and weak oversight of financial institutions and transactions.
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