Category Archives: Philippines

(June 18, 2008) Supreme Court Associate Justice Reynato Puno has urged the government to consider stopping payments for loans that the late strongman Ferdinand Marcos borrowed to build the mothballed Bataan Nuclear Power Plant. Continue reading →

(December 17, 2007) Debt watchdog wants $512.57 million worth of foreign debt-related funds reallocated to social services. Continue reading →

(December 18, 2005) In theory, the national budget can be a powerful mechanism for ensuring that public resources are used for the welfare of the majority. Unfortunately, narrow interests have perpetually hijacked the direction of Philippine economic policy and this is fully reflected in the national government budgets annually drawn up and implemented. Continue reading →

(October 14, 2005) The judiciary is the "biggest stumbling block" in the Philippine government’s effort to curb corruption, mainly because of its snail-paced trial of graft charges against corrupt government officials, Hong Kong’s former anti-corruption czar said. Continue reading →

(September 20, 2005) A Filipino senator said there was no cause for excitement over the government’s debt-for-equity proposal to the international community saying that the United Nations was certain to veto it. Continue reading →

(August 29, 2005) Filipino Senate chairman continues to urge government to exhaust all possible means to drastically reduce the country’s massive debts. Continue reading →

(August 26, 2005) Senator Miriam Defensor-Santiago said the Philippine government should try to avoid the terms imposed by the International Monetary Fund and deal directly with its creditors. Continue reading →

(August 26, 2005)The Philippines is still paying the costs of Marcos the Elder’s kleptocracy, whether in the form of higher power costs because of an unused power plant or unending debt payments incurred by a thieving regime. Continue reading →