InfoAnda - Philippines' Arroyo leaves problems in her wake

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Saudi rights NGOs write to king about jailed activist | | 4 January 2010
China to allow more exchange rate flexibility | 19 June 2010
Blasts in eastern Pakistan city kill up to 48 | 8 December 2009

Comoros begins month of mourning for crash victims | 4 July 2009

Forum Views () Forum Replies ()

Read more with google mobile : Philippines' Arroyo leaves problems in her wake

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Australia China India Indonesia Japan Malaysia Philippines Thailand Vietnam Philippines' Arroyo leaves problems in her wake AFP - Tuesday, June 22 Send IM Story Print Philippines' Arroyo leaves problems in her wake MANILA (AFP) - – Philippine President Gloria Arroyo will step down next week after overseeing nine years of economic growth, but analysts say the poor masses have missed out and her successor will inherit major problems. A third of the nation's 92 million people remain in deep poverty, a figure that has barely changed since she took office in 2001, while corruption has flourished and the rich have mainly enjoyed the benefits of the boom, they say. "The things that really matter to our daily lives like food security, poverty, health and education have really deteriorated over the last six to 10 years," Manila-based economist Arsenio Balisacan told AFP. Arroyo will leave office on June 30 with the unenviable reputation of being one of the country's most unpopular leaders, but she has repeatedly insisted that her economic record is a source of pride. "There has been constant growth... for almost a decade under my administration in the face of global crises like international terrorism, high global oil prices and a worldwide recession," she said in a speech this month defending her legacy. Undoubtedly, economic growth began to rebound after Arroyo took office in 2001, culminating in 7.1-percent gross domestic product (GDP) growth in 2007, the highest annual figure in 30 years. Even after the global financial crisis broke out in 2008, the country still squeaked by with 3.8-percent growth that year and recorded an expansion of 1.1 in 2009. Inflation also fell to an annual average of about 5.4 percent under Arroyo compared with 10.4 to six percent under the four previous presidents. Gross international reserves surged, the stock market climbed and top companies announced record profits under Arroyo. And as she prepared to bow out, economic growth hit an unexpected high of 7.3 percent in the first quarter of 2010, prompting government planners to raise the year's growth forecast to 5.0-6.0 percent. University of the Philippines' economist Cayetano Paderanga gave Arroyo a mixed grade, saying she had "some hits, some misses". He credited her with controlling the runaway budget deficit, largely through the passage of key fiscal reforms in 2005 despite widespread opposition. But he said much of the growth under Arroyo came from a few sectors -- the remittances from millions of Filipinos overseas and a flow-on boom in consumer spending, plus earnings from call centres and other outsourced businesses. These sectors are all out of reach of the millions of poor, who have largely missed out on any of the benefits of economic growth, according to Paderanga and Balisacan. "Economic growth (under Arroyo) made incomes less equal," said Balisacan, head of the Asia-Pacific Policy Centre, a local research group. The World Bank's country director for the Philippines, Bert Hofman, also said recently that economic growth under Arroyo had not made a serious dent in tackling poverty. Amid this backdrop, opposition senator Benigno Aquino won last month's presidential elections in a landslide after campaigning on a platform of fighting corruption and addressing the poverty problems. Aquino complained last week that he would inherit a range of crises from Arroyo, singling out the budget deficit that hit 3.6 percent of GDP last year. The head of the Employers' Confederation of the Philippines, Edgardo Lacson also said tackling the deficit would be Aquino's most difficult issue. "The biggest challenge for Aquino will be the deficit -- how to cover it. The second challenge is employment. We have 10 million Filipinos unemployed or marginally employed," he told AFP. Other problems include making the Philippines as competitive as other Asian nations while bringing down energy prices and ensuring a stable power supply, Lacson said. Recommend Send IM Story Print Related Articles 150,000 marooned by Bangladesh floods AFP - 16 minutes ago Hollywood Bhopal film stirs objections in India AFP - 19 minutes ago Australian police capture Melbourne gunman AFP - 21 minutes ago Race laws restored after Aboriginal crackdown AFP - 37 minutes ago Hong Kong political reform likely to go ahead AFP - 49 minutes ago News Search Top Stories Gazprom cuts Belarus gas supply by 30 percent Early menopause doubles risk of heart problems: study Oil firms challenge US drilling freeze UK braces for the axe to fall in emergency budget US Supreme Court overturns ban on GM crop More Top Stories » ADVERTISEMENT Most Popular Most Viewed France's richest woman moves to defuse scandal Volvo recalls nearly 30,000 cars Egypt oil spill threatens Red Sea marine life Host Canada presents itself as financial model for G20 World stocks soar after Chinese move on yuan More Most Viewed » More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Tuesday, 22 June 2010
Total of nine NATO soldiers killed in Afghanistan: ISAF
France's richest woman moves to defuse scandal
Afghanistan in focus for top U.N. diplomats |
US-TECH Summary
Iran bars two U.N. inspectors in nuclear dispute
Internet, technology change high-end art dealing
US Supreme Court overturns ban on GM crop
Volvo recalls nearly 30,000 cars
All feared dead in Congo wreck of mining execs' plane |
Connecticut, others pursue Google over data grab
Witness
U.S. report ties militancy to Pakistan school woes |
Kindle and Nook cut prices in battle with iPad
Israel boosts Gaza freight flow as blockade eases |
Afghan chopper crash kills 3 Aussies, 1 American
US Nobel laureate slams German ECB hopeful
Amazon, Barnes & Noble slash e-reader prices
Wimbledon under way with Federer first up
Colombia rescuers dig for dead after mine blast |
UN chief to name panel on Sri Lanka rights abuses
Troops out as Indian Kashmir protests civilian killings
Okada, Clinton affirm Japan-US ties
Merciless Portugal rout N.Korea 7-0
Retailers taking orders for Xbox's Kinect at $149.99 |
Thailand's Noppawan knocked out in first round
Software cuts CT radiation dose in half : U.S. study |
Connecticut, others pursue Google over data grab |
Tech firms more trusted than Facebook: poll |
India eyes double-digit economic growth by 2013
Asians make the most payments with mobile phones: research
Taiwan's UMC, Japan's Elpida team up on 3D technologies
AIG, HK consortium extend deadline for deal
Strike forces cancellation at Milan's La Scala
Japan distributor to show 'The Cove' despite protests
Morgan Freeman guest of honor at Sarajevo film festival
Oliver Stone's 'South of the Border' highlights festival
Former Jackson bodyguard drops UK libel action
Music business badly needs Eminem's "Recovery"
Istanbul blast rocks bus carrying soldiers,
Gazprom cuts Belarus gas supply by 30 percent
Ban on UN inspectors is 'notice' to IAEA: Iran
10 dead in Afghanistan as NATO frictions emerge
Google, Twitter go to bat for Theflyonthewall
UK braces for the axe to fall in emergency budget
Istanbul blast rocks bus carrying soldiers |
US general apologizes for 'poor judgment'
US probes Google Street View data grabs
Prosecutor to probe alleged Swedish link to Sudan war crimes
Early menopause doubles risk of heart problems: study
U.S. indirectly funding Afghan warlords: House report |
U.S. meets with industry reps over broadband authority
Senior cardinal accused of corruption issues defence
Britain's Afghan envoy takes leave 'amid tensions'
Oil firms challenge US drilling freeze
Intel says in talks to settle US antitrust probe
Foreign banks hit in proposed new U.S. Iran sanctions
Heavy rains in south China trigger dyke threat |
Barak tells U.N. to shelve flotilla raid probe plan
Amazon, Barnes & Noble slash e-reader prices
Kindle and Nook prices cut in battle with iPad
Barak tells U.N. to shelve flotilla raid probe plan |
Israeli panel revives East Jerusalem housing plan
CNN drops Associated Press
US commander in Afghanistan apologizes for article
Software cuts CT radiation dose in half : U.S. study
Afghanistan in focus for top U.N. diplomats |
Retailers taking orders for Xbox's Kinect at $149.99
Aides to U.S. general in Afghanistan slam Obama
Pop Singer Charice Joins The Cast Of "Glee"
SEC Charges ICP Asset Management With CDO Fraud
Dutch murder suspect keeps mum after retracting confession
Supreme Court Says Human Rights Advocates Can Be Prosecuted For Advising Terrorists
Planned mosque near NY's Ground Zero sparks debate
Stocks Sell Off Late, U.S. Markets Close Lower
Tight security for 'Red Shirt' general's cremation
Global Weather-Celsius
Early Menopause Linked To Cardiovascular Disease
Indonesian rock star surrenders over web sex clips
Times Square Bombing Suspect Has Arraignment Delayed
Muslim group urges sensitivity in China's Xinjiang
BP Oil Spill Costs Hit $2 Billion
Hong Kong political reform likely to go ahead
Obama Shares Virtues Of Fatherhood
"American Idol' Lowers Minimum Age Limit To 15
Japan worker kills one in car plant attack: report
Heavy rains in south China trigger dyke threat
Crist Widens Lead In Florida Senate Race
Amazon, Barnes & Noble slash e-reader prices |
Philippines' Arroyo leaves problems in her wake
Politician main suspect in Philippine press murder: police
Google, Twitter go to bat for Theflyonthewall |
Congo plane crash, 10 bodies found
Intel and FTC talk settlement of market abuse suit |
China takes first step to honour yuan pledge
Hewitt leads Aussie charge at Wimbledon
Korea T-bond futures selling by foreign investors at 6-mth high
Seoul shares slip 0.5 pct as China yuan hope wanes
PIMCO: S.Korea fx rules welcome, to curb volatility
NZ watchdog secures record payout to fund investors
Japan nearly doubles economic growth forecast
S.Korea flags tighter fx rules for foreign banks
Impressionists back in favour at auctions
Inflation main risk in emerging economies
Keeping cool making Hong Kong hotter
Mobile phones make movies at Paris festival
PAKISTAN
US-ENTERTAINMENT Summary
Slipknot bassist died of "accidental" overdose
S.African fans up the football fashion game
"Toy Story 3" tops film merchandise shipments
NZ credit card billings rise in May
Hilarious UK puppet comedy rewrites World War II
Helen Mirren shines in tawdry brothel tale
"Memphis Beat" an arresting cop drama
South Korea Detects Radiation After Nuclear Fusion Test In North Korea
Pakistani Lawyer Seeks Death Penalty For Facebook Founders
American Idol accepts 15 year-olds, no word on new judge |
Slipknot bassist died of accidental overdose |
Hollywood faces new piracy threat |
HBO renews True Blood for Season 4 |
Johnny Depp off for more adventures in Pirates |
Cuba's Buena Vista Social Club to play U.S., Europe |
World Cup ratings hit a 16-year high in U.S. |
Toy Story 3 tops film merchandise shipments |
Helen Mirren shines in tawdry brothel tale |
Iran ready to talk to atomic agency
U.N. to remove Taliban from blacklist: Karzai |
Britain vows to eliminate deficit in five years
New killings in campaign against Iraqi ex-insurgents
Technology "sweeping away" books, says Stoppard
Belarus leader orders shutdown of Europe gas transit
Refugees return to shattered Kyrgyz city |
S.African, French football hopes hang by a thread
Charges dropped in World Cup miniskirt case
China says concerned about South Korea-U.S. drill |
Britain cuts spending, hikes taxes in budget
N.Korea picks the wrong game to start live broadcasts
French cannibal prisoner 'fried cellmate's lungs'
Health official killed in northern Afghanistan
New killings in campaign against Iraqi ex-insurgents |
Istanbul bomb kills four as Kurdish violence flares
NATO, Afghan forces capture senior Taliban figure
Finnish parliament elects female prime minister
Around 60 killed and hundreds hurt in Congo train crash |
Greece to compensate tourists for strike delays
Hundreds reported missing, 38 dead in Brazil floods |
Finland expected to appoint second woman PM
Woman was behind Afghan suicide attack: ministry |
Iran bars two U.N. inspectors in nuclear dispute |
US Afghanistan commander ordered to White House
Afghanistan commander ordered to White House
Thousands at risk from dyke breach in China
US general McChrystal apologizes for magazine remarks
Pakistani Taliban want exchange of prisoners
Study Warns Pakistan Continues Support To Terror Groups
Australia restores race laws after Aboriginal crackdown
Times Square Bombing Suspect Pleads Guilty
Pakistani stocks up; rupee firmer; o/n rates down
China says "concerned" about South Korea-U.S. drill
Lady Gaga To Reveal New Album Title Via Tattoo
Crystal Bowersox Gets Record Deal With 19 Recordings
Most Asian shares down as traders sell off gains
Coconino National Forest Wildfire Grows To 10,000 Acres
FDA Warns Consumers to Avoid Magic Power Coffee
South Korea won down on yuan, regulation worries
McChrystal Apologizes For Comments On Administration Officials
S.Korea POSCO raises steel prices 6 pct from July
Amazon, Barnes & Noble slash e-reader prices |
Phil Keoghan To Host New Velux 5 Oceans Race Reality Series
Thousands Grapple With Power Loss Following Tornado In Wisconsin
Google to launch music service: report |
EU threat to Sri Lanka trade over human rights
RIM's new BlackBerry may overshadow quarterly results |
Seoul shares slip 0.5 pct as China yuan hope wanes
Actor Orlando Bloom to marry Australian model Miranda Kerr
Google, Twitter go to bat for Theflyonthewall |
HBO renews "True Blood" for Season 4
Hollywood faces new piracy threat
Intel and FTC talk settlement of market abuse suit |
Retailers taking orders for Xbox's Kinect at $149.99 |
Software cuts CT radiation dose in half : U.S. study |
Technology sweeping away books, says Stoppard |
Connecticut, others pursue Google over data grab |
Actor Orlando Bloom to marry Australian model Miranda Kerr
Internet, technology change high-end art dealing |
Fashion goes green at Milan men's shows
Billionaire Playgrounds 2010
World's Worst Countries For Jobs
Asia's Expensive Restaurants
China's quake mothers torn between grief and joy
HBO renews "True Blood" for Season 4
Hollywood faces new piracy threat
Lady Gaga says has finished new album |
Actor Orlando Bloom to marry Australian model Miranda Kerr |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01