The euphoria generated by the hosannas from the Manila WEF forum was supposed to linger for some time, and the Philippine leadership really prayed for an extended shelf life.

After all, it was the first time President Aquino and his economic managers got the Davos crowd notice, if not the seal of approval. The high priest of the Davos crowd, Karl Schwab, even swapped the airy cold of the Swiss alps for the punishing heat of Manila to join in the vesting of the seal of good economic stewardship on the Aquino government.

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