On 7th October, 2012 Sunday, the Moro Islamic Liberation Front agreed in Principle to PEACE on the southern island of Mindanao after 40 years of civil war.
Could be that the Muslims there FINALLY believed that without peace, they and their children would just see the world pass by with economic success whilst they would always linger behind. Linger behind not only from the rest of the world but also with the rest of other parts of Philippines.
That thought could come in the number 2 good news for the Philippines, because that following day, the World Bank, which has been downsizing growth projections around the world, raised the growth rate of the Philippines to 5 per cent after the country expanded 6.1 percent in the first half, among the best performing economy after China.
But We know that growth can achieve so much if there is war in the country. After decades of uncertain economic performance , there are signs that their economy may finally going on smoothly .
In July, Standard & Poor upgraded Philippine's sovereign debt to one notch below investment grade- an improvement . Their Foreign Exchange reserves have risen five fold since 2005
3rd Good news, the brain drain to Singapore could become a BRAIN GAIN when they open 2 casino complexes next year. It will be staffed by Filipino managers and resort staff trained in Singapore.
With meaningful effort, from every one, north to south, their country may work as one and bring peace and prosperity- no matter how small to their "PEOPLES COUNTRY" after years of corruption and war.
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