“2007 will be like 2006. In my view, we will muddle through. Be happy if you don’t need government, like consumer-based industries. If you need government for your business in 2007, take an extended leave.” -Henry Schumacher, executive vice-president of the European Chamber of Commerce
Foreign and local businessmen in the Philippines on Friday expressed grave concern over alleged electoral fraud and policy reversals under President Arroyo.
These factors risked undermining recent successes in fixing the economic and fiscal front, they said in a forum with the Foreign Correspondents Association of the Philippines.