Economy

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Lawmakers flash a thumbs-up sign after passing the proposed P1.8-trillion national budget for 2012 on second reading before midnight last Friday.

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President Barack Obama greets President Benigno Aquino III at the United Nations last September.

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Online whistleblower Wikileaks uploaded on Aug. 25 a batch of about 1,000 diplomatic cables the United States Embassy in Manila sent to the U.S. State Department in Washington, D.C. and among the more recent is one sent in January last year noting the factors that hinder foreign investment in the Philippines.

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Federal Reserve chairman Ben Bernanke (center) with (from left) Dr. Abraham T. Rasul Jr., Faith Bautista, Loida Nicolas Lewis and Celia Donahue.

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