Word: corazon
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...this 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...
...heart of much of the confusion is the strange and shifting alliance between President Corazon Aquino and her wily longtime antagonist and current Defense Minister, Juan Ponce Enrile. Throughout the 7 1/2 years that her husband Benigno was in jail, Aquino had to negotiate on his behalf with Enrile, who was then Defense Minister under former President Ferdinand Marcos, even for conjugal visits. In February, it was Enrile's startling volte-face that helped topple Marcos and bring Aquino to power. Ever since, the former architect of Marcos' martial law, who has never concealed his own presidential ambitions, has remained...
...cease-fire talks between the government of President Corazon Aquino and Communist insurgents, guerrilla warfare has not ceased. In fact, in three separate actions last week, members of the Communist New People's Army / ambushed and killed government soldiers. In the first attack, which occurred near Gumaca, about 90 miles southeast of Manila, guerrillas killed 13 military people. Two days later, eleven soldiers died in an ambush some 230 miles north of Manila. The following day, seven more were killed in a shoot-out in the Aurora province...