Thursday, July 07, 2005

Investors Wary

MANILA (Reuters) - Investors and ordinary Filipinos braced for more turmoil on Tuesday as President Gloria Macapagal Arroyo battled allegations of wrong-doing and a court freeze on a tax law at the centre of her economic and social reforms. 

Arroyo has vowed to finish her second term in 2010 but is facing the worst crisis of her four-year presidency as some of the professionals, business groups and Catholic Church leaders who make up her support base begin to distance themselves from her.  More...

No comments: