Reactions
The Philippine government, through Presidential Spokesperson Ignacio Bunye has issued a statement to the effect of the government's respect and deference to the authority of the Sandiganbayan, and the hope that this "sad" episode in the country's history will not "permanently distract" the country from peace and progress.
President Gloria Macapagal-Arroyo canceled a scheduled attendance at a gathering of business leaders in Makati City that afternoon due to security reasons. President Arroyo was scheduled to drop by the Philippine Mid-Year Economic Briefing which was to be held 1:30 p.m. at the Rizal Ballroom of the Makati Shangri-La Hotel.
The Philippine Stock Exchange recovered from a two-day slump, closing at 3,307.60 points, up by 1.21%. The Philippine peso moderately strengthened against the US dollar.
Read more about this topic: Trial Of Joseph Estrada
Famous quotes containing the word reactions:
“Cuteness in children is totally an adult perspective. The children themselves are unaware that the quality exists, let alone its desirability, until the reactions of grownups inform them.”
—Leontine Young (20th century)
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—Cathy Rindner Tempelsman (20th century)
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—W.N.P. Barbellion (1889–1919)