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Sunday, September 19, 2004 (Philippines)
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| Some 31,000 students, faculty and alumni of the Polytechnic University of the Philippines create a "human rainbow" at the central park in Manila, Saturday. The rainbow is intended to boost the image of the school and is also a bid to set a new record for the world's largest human rainbow in the Guiness Book of World Records. (AFP photo) |
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MANILA -- President Arroyo warned the heads of government owned and controlled corporations (GOCCs) on Saturday that they would be fired if they did not cut their pay and implement her strict austerity program.
Malacañang said the Arroyo administration's austerity program was part of the government's effort to avoid a fiscal crisis caused by a growing deficit and ballooning government debts.
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