Philippines has been perceived by foreign businessmen as Asia’s most corrupt economy based on the results of a regional poll conducted by a Hong Kong-based group, Political and Economic Risk Consultancy (PERC) on 1,400 expatriate businessmen last January and February this year.

PERC: Philippines “Most Corrupt” in Asia

In a grading system used by PERC under which zero is the best possible score and 10 the worst, Philippines got 9.0, dropping to the bottom of a list of 13 countries. Thailand remained the second most corrupt economy after the Philippines with a score of 8.0 while Indonesia ranked behind Thailand with a score of 7.98.