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...Cesar Purisima, Mr Aquino confirmed on Tuesday, will return to the post of finance secretary which he left in 2005 after a falling out with Gloria Macapagal-Arroyo, the current president....
...“[We] still have got a long way to go, especially in addressing the lack of infrastructure which is really holding us back,” says Luz Lorenzo, chief economist at ATR Kim Eng, a regional brokerage....
...Gloria Macapagal Arroyo, president, said the numbers showed that her economic plan – fiscal consolidation followed by massive outlays for infrastructure to encourage private investments – was beginning to...
...Luz Lorenzo, economist at ATR Kim Eng Securities, a stock brokerage, welcomed Mrs Macapagal’s decision to dismiss the BIR chief....
...Luz Lorenzo of ATR Kim Eng Securities also warned that the economy was bound to overheat if it continues to grow at these levels without new investments to upgrade capacity....
...“The country's dependency on imported fuels for power generation has gone down,” said Luz Lorenzo, research chief at the Manila unit of ATR Kim Eng Securities, a regional brokerage....
...President Gloria Macapagal-Arroyo said last month that the Philippines was already in the midst of a fiscal crisis....
...Philippine president Gloria Macapagal Arroyo warned on Monday that the Philippines was in a ?fiscal crisis?...
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