Opposing the oligarchs

Article Abstract:

Philippine Pres Fidel Ramos began to enforce his policy of breaking up the monopolistic control of companies by plutocratic families when he ended the Cojuangco family's hold on San Miguel Corp, a beer conglomerate, on Apr 20, 1993 and on the Philippine Long Distance Telephone Co on Apr 21. Ramos agrees with the Filipino economists who argue that the many family-owned cartels and monopolies inhibit competition. Ramos will probably next go after banking, shipping, automotive and agribusiness monopolies. However, the wealthy families may combine with anti-Ramos business executives to fight the policy.

Management, Cover Story, Long distance telephone services, Monopolies, Long-distance telephone service, Philippine Long Distance Telephone Co.

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Ticking over

Article Abstract:

Philippines' economy is showing definite signs of improvement under the Fidel Ramos administration. Inflation fell from 20.4% in Mar 1991 to 8.7% in Oct 1992, resulting in a decline in interest rates to approximately 18%. GNP also expanded 1.7% in the 3rd qtr 1992. Exports rose 13% in the 3rd qtr 1992, and liquidity expansion was controlled at 11.6% in Jan-Aug 1992. The increased demand for foreign capital goods and raw materials shows heightened economic activity. The Ramos administration, however, has to deal with debts and government salaries amounting to 40% and 38% of expenditure respectively.

Economic aspects

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Lotto hopes: Ramos stakes his prestige on a numbers game

Article Abstract:

Philippine President Fidel Ramos hopes that expanding nationwide the computerized lottery game now thriving in Manila will drive out the illegal numbers game that finances political corruption. Ramos' prestige is at stake and the Catholic Church fiercely opposes the move, but money for hospitals, charity, and general government funds, as well as a direct attack on corrupt politicians and law enforcement, make the lotto worth a risk. Backers of the lotto say most of those who oppose it are on the take through the 50 billion peso jueteng game.

Amusement and recreation, not elsewhere classified, Lotteries, Other Gambling Industries, Illegal Gambling, Social aspects, Gambling, Control, Lotto

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