PHILSTAR: Booming Philippine economy fruit of Arroyo admin, not PNoys — The countrys remarkable growth in recent years was attributed by a foreign newspaper to adjustments made by the Arroyo administration despite its unpopularity. In a commentary on Friday, the Financial Times David Pilling allayed fears of the effect of the end of President Aquinos term, saying he is not exactly the key to the stability of the above 6 percent economic gains of the Philippines. Although his predecessor, Gloria Macapagal Arroyo, was deeply unpopular and accused of overseeing a corrupt administration, much of the improvement in economic fundamentals can be dated to her government, he added.
Posted on: Sat, 12 Jul 2014 02:18:31 +0000
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