Word: nellye
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(3 of 3) Vital though the flow of remittances may be, it cannot, on its own, lift entire nations out of poverty. Those who study the impact of remittances argue that the money allows poor countries to put off basic decisions of economic management, like reforming their tax-collection systems...
Rolando Hortaleza BEAUTY KING He used his wedding-gift cash to start his cosmetics company in a garage 20 years ago, and he had to bribe Manila's sidewalk vendors to sell his products, but since then, Hortaleza, CEO of Splash Corp., has cleaned up well. His firm's revenues...
Former Philippine President Fidel V. Ramos says the cure to his country's instability is a switch to a parliamentary system within a year. President Gloria Macapagal Arroyo, who is fighting possible impeachment, endorses the idea, but without committing to a time frame. TIME's Anthony Spaeth and Nelly Sindayen...
With the opposition in disarray, Marcos continued to maneuver. Among other things, the President last week announced that he had created a panel of military men to reorganize the armed forces. The move was regarded in part as an effort to allay U.S. restiveness over the reinstatement of General Fabian...
For the Marcoses, however, leaving may be the best revenge. In the manner of deposed royalty, they have apparently taken the lion's share of their wealth into Hawaiian exile with them, together with their imperial habits. Last week the Pentagon reported that the cost of transporting and supporting Marcos...