Ongpin’s desk is never clear
Jaime Ongpin has lost 14 pounds in weight since he became Finance Minister of the Philippines.
Former chairman of Benguet Corporation, one of the country’s largest mining companies, the Harvard-trained Ongpin is working hard at a tough job: getting cash to stimulate an economy that’s hit rock-bottom, and negotiating a new programme with the IMF to replace the SDR615 million facility that ended prematurely with the overthrow of Marco.
“Some of the problems are very difficult and seem intractable,” he admitted.
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