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BRAVE NEW PHILIPPINES
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AseanAffairs Magazine July - August 2010
CONTENT • BEYOND ASEAN 
• ASEAN BAZAAR • ASEAN TALK
ASEAN AVIATION • INSIDE OUT
• ASEAN MONEY • OPINION
• ASEAN TRAVELLER • INDIA IN SPOTLIGHT

New Philippines President Benigno “Noynoy” Aquino wins in a landslide election and promises to end poverty and fight corruption.

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AQUINO FACES THE PHILIPPINE DILEMMA
BRAVE NEW PHILIPPINES  


In a short and vibrant campaign, Benigno “Noynoy”Aquino III, son of former president Corazon Aquino, swept to victory in the Philippines May presidential election by a margin of 5.7 million votes. He is the Philippines 15th president.

His surname: his father was instrumental in removing Ferdinand Marcos from office and his mother became the Philippines 11th president, together with his strong anti-corruption platform swayed voters. In keeping with the optimism that surrounds new leaders in any country, rosy predictions have started flowing from the new Aquino administration.

The Philippines is the world’s largest rice importer but government food officials are predicting that the country will be self-sufficient in this staple grain by 2013. And the target for an increase in the gross domestic product for this year and next has been raised to between 5 and 6 percent by the new administration, about double the figure the Arroyo administration had set.

Undoubtedly, the new president will have a full plate of domestic issues but also add to that the priority of prosecuting corrupt officials, tackling Marxist and Muslim insurgencies, a restive military, crime and political strife, particularly the regular assassination of journalists. All of this demands a closer look at the Philippines.

The Philippines is Asean’s fifth largest economy behind Indonesia, Thailand, Malaysia and Singapore. Since World War II, its economy has waxed and waned, often due to the unstable political life of the country. The Philippine economy has registered a growth rate of 7.3 percent in the first quarter of 2010, the strongest since the 8.3 percent recorded in the second quarter of 2007 and significantly better than the 0.5 recorded in first quarter of 2009.......

 


 


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