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Lack of transparency, bribery in government transactions hamper Cebu competitiveness

Lack of transparency in some government agencies and the practice of informal payments to move business transactions forward pose the biggest threats to Cebu’s competitiveness.

A good number of Cebu enterprises that were the respondents of a survey conducted by Isla Lipana & Co. in collaboration with the Cebu Chamber of Commerce and Industry (CCCI) admitted they were asked for gifts and tokens in the course of their dealings with government officials and agencies.

At least 20 percent of those surveyed said they made informal payments within the last 12 months, according to CCCI Trustee Aldie Garcia who revealed the survey results in a press conference shortly before the CCCI General Membership Meeting yesterday, October 29, 2019.