Word: agostion
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Dates: during 2004-2004
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...Little wonder the pressure will be on Yudhoyono to make swift progress on the economic front. Yudhoyono "gives the impression of someone who has an understanding of the problems and has a clear idea of what needs to be done and how he's going to do it," says Agost Benard, a credit analyst at Standard & Poor's in Singapore. But political honeymoons tend to be short, and the feel-good factor could easily fade if first impressions quickly prove unfounded. After that, the new President will have to answer to voters like Riza, the laid-off backpack maker...
...government to beg creditors for new terms. In a worst-case scenario, the consequences could be severe: a weakened currency, stalled investment and higher unemployment. How much time the Philippines has before this happens is hard to determine, but Arroyo's new government clearly needs to act fast, says Agost Benard, an associate director at Standard & Poor's: "There is no room for complacency. If they don't show they can enact reforms, that will be very bad for sentiment...
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