And damned if you don't

Article Abstract:

The Philippine must soon raise oil prices but the political cost will be high, which is why the adjustment was postponed until it became a crisis. Oil prices there are very sensitive politically, with rises in the past having triggered coup attempts and demonstrations, though per-liter costs for premium gasoline are among the region's lowest at 35 cents/liter. The govt must raise prices 16%, but that will prompt an outcry and could boost inflation a full percent. Abuses of the Oil Price Stabilization Fund created the problem.

Petroleum Refineries, Petroleum refining, Gasoline, Energy policy, Petroleum

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My favourite things

Article Abstract:

Filipino property magnate Geronimo de los Reyes made his initial fortune in high-rise, expensive condominiums, but he spends it largely on antiques and art. One knowledgeable curator speculates his collection, at roughly $20 million, could be worth more than the country's National Museum. De los Reyes worked at Reynolds Aluminum for 20 years, launched Empire Mgmt at home and then overseas with friends, and now runs Gateway Property Holdings and its centerpiece, Gateway Business Park.

Real estate developers, Behavior, Reyes, Geronimo de los

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New, upwardly mobile tycoons

Article Abstract:

The Philippines' business sector continues to exhibit versatility and competitiveness, despite the economic ills that has plagued the country since 1981. Established corporations are being challenged by new ones. These new corporations are also often headed by new but highly trained executives. The country's educational system is credited with moulding the management skill of new Filipino magnates.

Officials and employees, Corporations, Corporate officers, Corporations, Philippine

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