Word: corazon
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President Corazon Aquino's smile was as bright as the sunshine outside when she entered the wood-paneled Cabinet room in Manila's Malacanang Palace. "Had I known this kind of victory was going to be achieved," she jokingly told her ministers, "I would have asked all of you to run." Responding with laughter and applause, the Cabinet congratulated Aquino on what appeared to be an overwhelming victory by her candidates last week in nationwide voting for 24 seats in the Senate and 200 in the House of Representatives...
...groups are collectively known as vigilantes, anti-Communist self- defense bands that have proved so strong a bulwark against subversion by the insurgent New People's Army that they have gained immense popular support. They present a unique and prickly political problem for the government of President Corazon Aquino. Now firmly established on the large southern island of Mindanao, they are beginning to spread to other parts of the country. Though separate from the renegade warlords and private armies that still plague areas of the Philippines, the vigilantes are part of a tradition that Aquino's government would like...
When Philippine Finance Minister Jaime Ongpin returned to Manila last month after 27 days of tough bargaining in New York City, he was jubilant. With reason: the patrician Ongpin had won an impressive new financial deal from U.S. and foreign bankers for the still struggling government of President Corazon Aquino. Payments on nearly half of the country's $28.2 billion foreign debt had been rescheduled at interest rates nearly 40% lower than the banks had originally demanded, saving about $1 billion. Ongpin had also won approval for a novel method of turning some of the remaining interest into badly needed...
...answer, alas, is many. Last week a tough-talking Corazon Aquino symbolically snapped the olive branch of peace she had extended to the Communist rebels throughout her 13-month presidency. "Police and military action, not social and economic reforms, is the immediate solution to terrorist acts," she told an audience at the Philippine Military Academy. Earlier that day she had pledged to "smite the foe on the left and the right." Said Aquino: "I want a string of honorable military victories." Her speech represented a dramatic shift in tactics aimed at ending both the 18-year Communist insurgency and coup...
...great hope of Corazon Aquino's ascension to power was that the Communist insurgents might heed her plea to disarm and join in the rebuilding of Philippine society. That hope got a lift when the Communist New People's Army agreed last December to a 60-day cease-fire, a first for the 18-year-old rebel insurgency. But the truce broke down last month amid bitter charges and countercharges. The Ministry of Defense estimates that at least 350 people have died since the fighting resumed. The violence often plays out in a lethal tit for tat. Last week, after...