Economic advice

Article Abstract:

Finance Sec Jesus P. Estanislao gave his views on how the Philippine economy can be revived. For the incoming administration of Fidel V. Ramos, he suggests adopting open economic policies and rejecting protectionism as a way of boosting economic growth. As power shortage is a major hindrance to economic development, management and financing of the National Power Corp has to be improved. For their part, citizens should be willing to bear higher taxes if they expect efficient delivery of basic services by the government, because taxes are the main revenue sources for government.

Interview, Estanislao, Jesus P.

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Eye of the beholder: maintaining investor confidence is the key to growth

Article Abstract:

The economy of the Philippines is promising but still fragile and could be set back significantly if President Fidel Ramos's National Front coalition loses in the May elections. Investor confidence is sustaining the economy now, propping up the balance of payments and preventing a crisis like those that have recurred since World War II. Much of that investment, however, is in the volatile form of portfolio investments, which could leave easily. Analysts say fiscal reforms are crucial to sustaining growth.

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Barrels of hope

Article Abstract:

The discovery of oil in the West Linapacan oilfield off Palawan Island could help boost the struggling Philippine economy. The field has an estimated reserve of 109 million barrels of high-quality crude, and initial output could reach 20,000 barrels per day, equivalent to 10% of the country's yearly petroleum consumption.

Petroleum industry, Natural resources, Natural gas exploration, Oil and gas exploration, Petroleum exploration, Palawan Island

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