Businessmen lash out at Manila debt/equity program

18th Apr 1988, Reportage, ReutersLeave a comment

Chaitanya Kalbag  MANILA, April 18, Reuter – Filipino and foreign businessmen have launched a sharp attack on the Philippines’ 20-month-old debt/equity swap program, charging it is too restrictive and arbitrary and actually deters investors.  “Disillusioned investors are the worst possible advertisement for the Philippines,” said a statement issued jointly by the Philippine, American, European, Japanese…