The Philippines country profile provides a detailed analysis of the country's corruption situation, but does also dig into the Philippines' challenges and the effects of these on its business climate throughout its chapters devoted to Business and Corruption and the country's Regulatory Environment in the General Information section. The government has aimed at containing corruption through the following initiatives:
- In January 2012, President Aquino approved the Good Governance and Anti-Corruption Cluster (GGAC) plan for 2012-2016, which includes measures aiming to promote transparency and accountability in government operations.
- In 2012, the Senate approved the third and final reading of the Freedom of Information Bill. In addition, the same year also saw the passage of the Act to Further Strengthen the Anti-Money Laundering Law and the Terrorism Financing Prevention and Suppression Act of 2012.
- In May 2011, the House of Representatives Committee on Justice passed the Whistleblower Protection, Security and Benefit Act of 2011, which seeks to protect whistleblowers from all forms of retaliatory actions.
- In March 2011, President Aquino approved the Philippine Development Plan for 2011-2016. The overarching theme of the Plan is good governance and anti-corruption while achieving inclusive growth, which would create substantial employment opportunities as well as reduce poverty.
However, the government still faces challenges in curbing this phenomenon. Challenges include:
- Corruption is said to take place at all levels of the government, but it is more rampant among high-level civil servants.
- The country's complex, sometimes contradictory regulatory regime leaves room for corrupt civil servants to attempt to extract bribes.
- Companies generally have little confidence in the Philippine judicial system. The main reasons are: the allegedly incompetent court personnel, corruption and long delays of court cases.