Turf battles and policy drift mark Estrada's first months: nation's president has been plagued by criticisms about infighting and lack of focus

Article Abstract:

Economic and political observers believe that the inability of the administration of Philippine President Joseph Estrada to come up with a consistent economic and political policy is pulling the country's economy down. Political turf battles and infighting has caused investor worries in the Philippine economy, pulling the stock market index to its lowest at 1159.69 on Sept. 23, 1998. A number of investment advisors are sorry over the Philippine government's lack of a clear-cut economic and investment policy since the country is better off economically than its other Southeast Asian neighbors, who are experiencing capital flight.

Administration of Urban Planning and Community and Rural Development, Economic Development NEC, Economic development, Estrada, Joseph P.

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Small businesses flourish as Philippines eases rules

Article Abstract:

The Philippines is loosening its regulations on the small business sector to increase the number of small and medium-size enterprises (SMEs). Benigno Ricafort, director of the Small and Medium Enterprise Dept. of the Philippine Chamber of Commerce and Industry, says the move aims to bring SMEs into the mainstream and make the small business sector a strong foundation of the Philippine economy. The changes include new rules for the registration and licensing of SMEs, a better access to credit and lower interest rates on bank loans.

Analysis, Laws, regulations and rules, Small business, Industry regulations, Government regulation of business, Trade regulation

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Philippine price hike paves way for oil deregulation

Article Abstract:

The Philippine government has allowed an increase in petroleum prices in preparation for the scheduled deregulation of the country's oil sector. Government officials stated that the increase was necessary in view of the depletion of a fund used to counter fluctuations in world oil prices. The announcement was greeted with protests from the public but analysts expect the price increase to have minimal economic impact.

PETROLEUM AND COAL PRODUCTS, Petroleum, Petroleum and Coal Products Manufacturing, Planning, Prices and rates, Petroleum industry, Deregulation

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