Light at the end of the tunnel?
One of the great things about having a blog is that it helps keep me abreast of the tons of information out there in cyberspace, which I normally would not catch given that my occassional trawling in the net is limited to visiting favorite sites. From Rhochie (who leaves short but insightful comments in this blog) comes this link : Bear Stearns & Co. Inc. Retains Positive Economic Outlook on Philippines US-BASED investment bank Bear Stearns & Co. Inc. has retained its positive outlook on the Philippines despite recent political turmoil, projecting that the economy will even grow at a faster rate of 5.8 percent this year. Last year, the economy grew 5.1 percent. In a paper on its assessment of the country, the investment bank said the ability of the Gloria Macapagal-Arroyo administration to weather political problems, including so-called coup attempts, gave the institution reason to believe that the economy was not in danger. "One important reason (why a segment of the Phil...