Study says Philippine politics is one of the most profitable businesses in Asia

Philippine politics is second most profitable business in Asia

Philippine Politics has been listed as second most profitable business in Asia, beating giant companies like Toyota Motors, Samsung, Keppel, and even its own San Miguel and Ayala Corporation according to a study published by Money Magazine in 2014.

The 3-year study conducted by Asian Development Bank (ADB) and Business Insiders, said 21% of Philippines' annual budget ($10.5B) goes to politicians' pockets every year excluding bribes from private companies and charity donations.

The Philippines owes ADB billions of dollars.