(This is in Saturday’s (Aug. 26, 2006) issue of Malaya.)
Increase in terrorist activities, political instability, and deteriorating economic and credit fundamentals make the Philippines a high risk for foreign investors, a US-based investment risk outfit said in its analysis of the Philippine situation this week.
Condor Advisers’ Aug. 21, 2006, analysis said: “Terrorist strikes in the Philippines are likely to become increasingly frequent over the next 16 months. The alignment between the Abu Sayyaf Group and Jemaah Islamiyah is expected to fuel terrorism as is the growing relationship between these organizations and the Rajah Solaiman Movement.”
The threat of terrorism, Condor Advisers said, “will be further attenuated by weakening governance and increasing political and social instability.”
brushed aside Palace demands for an apology, saying it should instead be President Arroyo who should say sorry “for cheating, lying and stealing the (2004) elections.”