Economic prospects in 2010 turn rosier

MANILA, Philippines – Economic prospects seem rosier for the Philippines next year after a not-so-bad 2009, with resilient remittances and post-typhoon rebuilding efforts likely sustaining the momentum, according to New York-based think tank Global Source.

In an Oct. 27 country report titled “The Sun Also Rises,” the report also said the two leading candidates in the 2010 presidential elections based on the latest popularity surveys were acceptable to the business sector and could be expected to manage the economy competently.

The two are Senators Benigno “Noynoy” Aquino III of the Liberal Party and Manuel Villar of the Nacionalista Party.

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