Generous to a fault: Manila launches probe into Marcos-era loans

Article Abstract:

Philippine Pres Fidel Ramos has ordered an investigation of companies which availed of behest loans granted by the administration of Ferdinand Marcos. The loans, which account for $6.1 billion of the national debt, include those extended or covered by Philippine National Bank, Development Bank of the Philippines, National Development Co and Philippine Export and Foreign Loan Guarantee Corp. The probe could have far-reaching political effects as some of the companies under investigation are owned by government officials, including Speaker Jose de Venecia and Finance Sec Ramon del Rosario.

Investigations, Government lending

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Phone-y competition: Ramos takes on crony capitalism

Article Abstract:

Philippine Pres Fidel Ramos has initiated concrete measures towards the break up of public utility monopolies in the country. As an indication of the administration's efforts against protectionism, Ramos has ordered the break up of the Philippine Long Distance Telephone Co (PLDT) and the sale of government ownership of Philippine Airlines. In order to provide greater competition in the area of telecommunications, the government must repeal certain laws and decrees that inhibit any form of challenge to PLDT management.

Analysis, Mergers, acquisitions and divestments, Telecommunications services industry, Telecommunications industry, Economic policy, Philippine Long Distance Telephone Co., Ramos, Fidel Valdez, Government monopolies

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Why Manila left Iraq early

Article Abstract:

The reasons for the recall of Philippine's humanitarian troop consisting of only 51 members from Iraq have been provided.

General services, Philippines, International politics, Safety and security measures, Influence, International relations, Military policy, Hostages, Iraq War, 2003-, Civilians

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