Word: aquinos
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...year to 5.7% in 1987. South Korea's economy will surge a spectacular 9% in 1986 before cooling ever so slightly to 8% next year. The most remarkable comeback story in the region may prove to be the resurgence of the Philippines after the revolutionary triumph of President Corazon Aquino. Bernardo Villegas, senior vice president of the Center for Research and Communication in Manila, forecast that Philippine growth would jump from zero this year to 6% in 1987. That dramatic hike, he said, would be symbolic of Asians' "uncanny ability to roll with the punches...
...tumultuous Philippines, East Asia's poorest country, has the most ambitious free-enterprise plans. President Corazon Aquino is pressing for a "second revolution" to rebuild her impoverished and embattled country, which faces Communist insurgents at home and political maneuvers launched by ousted President Ferdinand Marcos from abroad. A Cabinet program calls for the government to withdraw from economic activities "to allow private business to become the prime mover of growth." Scheduled for sale are more than $6 billion worth of assets in idled companies, many of them abandoned to bankruptcy by Marcos or his cronies. Also to be sold...
...once again, Philippine President Corazon ("Cory") Aquino, fresh from swatting down a mosquito revolution of Marcos supporters in Manila three weeks ago, was confronted with another potentially dangerous crisis. The motives behind last week's snatchings were muddled in the curious combination of banditry and political activism that has turned kidnaping into a minor industry in the predominantly Muslim province of Lanao del Sur in the southern Philippine island of Mindanao...
...moment, though, her top priority is clearly to keep the military in line. The armed forces have already chafed at Aquino's attempts to reform the army by replacing veterans with her own choices. They have voiced their displeasure at her offer of amnesty to the Communist guerrillas of the New People's Army even as she pledges to punish human-rights abuses within her own forces...
...executed coup last week revealed some of the uncertainties still surrounding the new leadership, its failure underscored the continuing popularity of Aquino. Yet the wild card Enrile was the person on whom both sides found themselves staking their hopes. As the Shakespearean tempest raged on, it appeared that Enrile's own hopes might only increase. After all, as the poet wrote, "the soldier's virtue" is ambition...