Trying Times

PHILIPPINES - Forecast 14 Nov 2013 by Romeo Bernardo and Christine Tang

Executive SummaryThese are trying times for President Benigno Simeon Aquino III. Since late July, the nation’s leader has had to face down an armed conflict in the south, deal with public anger over the theft of public funds and the pork barrel system, counter questions about the legality of his own budget juggling and cope with a series of natural disasters, including the massive devastation wrought by Superstorm Haiyan. From what we are seeing on the ground, we think there is a good chance that priority legislative bills will fall by the wayside. Unless the President is able to demonstrat...

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