DAVAO CITY: AN investor-relations executive of a holding company with diversified interests has lamented the huge economic losses incurred through corruption, drugs, and many other factors, and said that fighting illegal behavior by public officials remains needing a strong “political will” from government.

“We have anti-corruption laws but are not imposed [efficiently],” Corazon Guidote, senior vice president for investor relations and corporate communications at SM Investments Corp., today said at The Manila Times’ The Fifth Business Forum, held at the Marco Polo Hotel, in Davao City. “Let’s see if this administration has the political will to do it.”

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