BUSINESSMEN LASH OUT AT MANILA DEBT/EQUITY PROGRAM

18 April 1988 Reuters News English (c) 1988 Reuters Limited  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…