Aquino Approves 72 Billion-Peso Philippine Stimulus Package
This article is for subscribers only.
Philippine President Benigno Aquino approved a 72.11 billion-peso ($1.7 billion) plan to boost the economy, becoming the first Asian leader outside Japan to introduce a stimulus package this year as global growth falters.
The president has approved the package of spending measures, Budget Undersecretary Laura Pascua said in a mobile-phone text message today, without elaborating.