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Economy

Twilight of a Philippine presidency

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Manila's Ortigas business district is home to numerous call centers and information technology services.   © Reuters

The Philippines is entering the twilight of Benigno Aquino's presidency. His term has been fruitful: Since he took power in 2010, the nation has logged some of the fastest growth in Southeast Asia. Efforts to reduce graft and improve governance have raised the country's international credibility. The private sector appears stronger than ever.

     There is plenty left to fix. Millions of Filipinos continue to live in poverty. The fight against corruption is not over. Still, there is a widespread sense that, after years of political upheaval, the Philippines is headed in the right direction. 

     A lot, therefore, is riding on the next presidential election. With less than a year to go, the field of candidates is still up in the air. Some fear the campaign will focus on personality over policy, raising the risk that Aquino's successor will squander his achievements.

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