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                    [Summary] => A huge bundle of IOUs weighs on President Arroyo’s slight shoulders as she attempts to lift the anemic Philippine economy with the help of a fresh electoral mandate, officials and analysts say. 


Rampant tax evasion — and Manila’s runaway borrowings to cover the gap — discourages investment and impairs the government’s ability to create jobs to help out half of the 84-million population that lives on two dollars a day or less, they said. 


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                    [Summary] => While Philippine exports are gaining ground this year, investors are still concerned over the lack of investments in the all-important electronics sector. 


Expecting the "likely victory" of the incumbent President Arroyo, investors said it was possible for the new administration to inspire investor confidence but critical areas of power and utilities have to be addressed. 


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JOHN STUERMER

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Rampant tax evasion — and Manila’s runaway borrowings to cover the gap — discourages investment and impairs the government’s ability to create jobs to help out half of the 84-million population that lives on two dollars a day or less, they said. 


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Expecting the "likely victory" of the incumbent President Arroyo, investors said it was possible for the new administration to inspire investor confidence but critical areas of power and utilities have to be addressed. 


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abtest

BSP needs to tighten policy – Bear Stearns

By Des Ferriols | April 11, 2008 - 12:00am

Business

Huge debt poses early challenge to GMA, analysts say

August 9, 2004 - 12:00am

A huge bundle of IOUs weighs on President Arroyo’s slight shoulders as she attempts to lift the anemic Philippine economy with the help of a fresh electoral mandate, officials and analysts say. Rampant tax...

Headlines

GMA victory seen to inspire investors’ confidence in RP

By Des Ferriols | May 10, 2004 - 12:00am

While Philippine exports are gaining ground this year, investors are still concerned over the lack of investments in the all-important electronics sector. Expecting the "likely victory" of the incumbent...

Business