Long overdue
Article Abstract:
Philippine government officials could be using charges of cronyism to achieve reforms in government banks. They ordered a report which reveals that large debtors in these banks, which are intended to provide finance for small businesses, are big firms owned by supporters of former President Fidel Ramos. A return by these banks to providing finance for small firms would support President Joseph Estrada's pro-poor policy. However, alienation of Ramos and his supporters could make the policy change difficult and detract from progress Estrada has made in other areas.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1998
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The young ones
Article Abstract:
Younger members are becoming more dominant in the Philippines House of Representatives. A fifth of the members are now under 40, compared with only 12 in the last Congress. Many observers have welcomed this trend, as the younger members have high levels of education and can bring professional expertise into politics. There is considerable optimism that the country's political system will no longer be overshadowed by corruption. However, some observers fear that most younger members are controlled by political clans.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1998
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Comment about this article or add new information about this topic:
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