We welcome the appointment of international banker and finance expert Alfredo Pascual as the University of the Philippines’ new president. We believe that Pascual’s background in the business sector will serve the state university well in addressing its financial problems.
Pascual himself promised to address the financial needs of UP in light of the budget cuts for 2011. I have expressed my reservations on this matter, and having a financial expert as UP president will certainly help matters.
Education is an extremely important pillar of the country’s goal of becoming a developed nation. With Pascual and his extensive economic background, there is a chance that the financial woes of UP will be addressed and remedied.
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