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Article: RP economy just takes coup attempts in stride.(Business)
- Article from:
- Manila Bulletin
- Article date:
- March 10, 2006
CopyrightCOPYRIGHT 2006 Manila Bulletin Publishing Corp. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: MYNARDO MACARAIG
MANILA, Mar. 9, 2006 (AFP) a" When Philippine President Gloria Arroyo declared a state of emergency on February 24 to thwart an alleged plot to oust her, critics charged she was crippling the economy.
Instead, the Philippine Stock Exchange bounced to its highest levels in a month and the local currency surged to a fresh three and a half year high.
Even as rebel military officers continued to recruit followers to undermine the government, officials insisted the country was still poised to attain its target of 5.7 percent gross domestic product (GDP) growth this year.
Economic officials attributed this to ...