by Carol Pagaduan-Araullo, Philippines
As expected, de facto President Gloria Macapagal-Arroyo lost no time in trying to parlay her claimed “success” at the 12th ASEAN Summit and the East Asian Summit into glowing predictions about the economy not just in the medium-term but within the year 2007.
Understandably, Mrs. Arroyo is basking in the afterglow of two regional summits that turned out to be one grand production (incidentally, with a price tag of two billion pesos) in terms of the sprucing-up of the public infrastructure of Cebu; the elaborate table-settings and sumptuous food served at the official receptions; the pleasing song-and-dance numbers in (more…)
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