Estrada pushes for reform

Article Abstract:

Pres Joseph Estrada of the Philippines is bent on amending his country's constitution to allow foreigners greater control of local companies because he sees this as one of the solutions that will uplift the standards of many Filipinos. Pres Estrada made it clear that he would not be open to compromises on this issue. The president's remarks on amending the economic provisions of the constitution have generated controversy so much so that former Pres Corazon Aquino and Cardinal Jaime Sin have once again taken to the streets to protest any amendments to the constitution.

Government domestic functions, Business Aid Programs NEC, Foreign investments, Laws, regulations and rules, Business assistance

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Manila still faces a long road to investor confidence

Article Abstract:

Philippine President Gloria Macapagal Arroyo may regain investor confidence if the new administration can cut the enlarging budget deficit despite abundant damage inflicted upon the economy under ex-President Joseph Estrada's leadership, including a foreign investment decline of 43% in the first eight months of 2000. Growing expenditures on populist development projects, declining exports to a sluggish United States, political uncertainty, and a weak peso have curbed economic growth and added to the deficit problem.

Public Finance Activities, Intnl Economic Policy, Government revenues, National Government Surplus-Deficit, Statistical Data Included, International economic relations, Budget deficits, Arroyo, Gloria Macapagal-, Surplus (Accounting)

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China's entry into WTO could hurt some companies: painful restructuring may backfire on Hong Kong by diminishing its role as gateway to mainland

Article Abstract:

Hong Kong stock prices increased on news that China may soon join the World Trade Organization, but some economists predict restructuring may lead some Chinese companies to close and could hurt companies based in Hong Kong the most.

China, Forecasts, trends, outlooks, Business Associations, Trade Associations, Statistics, Securities industry, International relations, Hong Kong, Chinese foreign relations, World Trade Organization

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