February 13, 2013 at 19:11 PM EST
Philippine Economy, Stocks Soar Amid Reform Efforts
A former "Sick Man of Asia" is out of bed and appears healthy. The Philippines, long wracked by insurgency, corruption and high budget deficits, is posting strong economic growth and hopes to win its first-ever investment-grade bond rating. The stock market has reflected the country's renewed vigor, with iShares MSCI Philippines ETF (EPHE) outpacing the world's major stock markets. It jumped 48% in 2012 and is up 13% so far this year. The economy
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