amazing! i would have never thought i'd still be alive to see this event. unfortunately economists believed that this would not have a long-term effect on the economic situation of the Philippines due to present situation and the outstanding debt (which stood at about $56 billion at the end of march) of our country. Well at least we will get what is rightfully ours from the very start. cheers!
on The Asian Wall Street Journal front page:
Money Stashed by Marcos to Go to Philippines
by James Hookway and Cris Larano
MANILA--Seventeen years after the Philippines began hunting for a multibillion-dollar fortune allegedly salted away by the late dictator Ferdinand Marcos, the country’s Supreme Court awarded to the government the only substantial loot Manila ever found: several hundred million dollars frozen in a Swiss bank account.