MANILA Philippines - With Sen. Benigno Simeon "Noynoy"" Aquino III emerging as the clear winner in the Philippine presidential elections held May 10 economists and business leaders have already urged the president-elect to tackle the budget deficit first and address issues to make local industries competitive in the global market. Philippine financial markets rallied during the week of May 10 as Filipinos went to the polls and voted in the first automated elections in Asia. The day after May 10 the Philippine Stock Exchange index surged 3.8% to close at nearly 3 263 points its sharpest single day rally . . .
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