Hopes, fears about Cabinet

Hopes, fears about Cabinet

JAKARTA (JP): The new cabinet is Megawati's personal cabinet.
While she sought for advice from all her advisors, including her
party's board, her husband, and others, such as senior politician
Frans Seda and her assistant Bambang Kesowo, she was the one that
decided on the structure and personnel. She received some names
from the political parties, but made her own choice from the
list.

2.

Arroyo's strong warning to protect peso

1 x 40 36 pt optima bold

MANILA: President Gloria Macapagal-Arroyo has announced that
the Philippine government would not rule out the imposition of
currency controls to defend the peso from speculative attacks.
She issued the statement at the end of her visit to Malaysia, a
country that successfully defended its currency, the ringgit,
through temporary capital controls at the height of speculative
attacks on Asian currencies, including the peso, by predatory
portfolio fund managers.