News Summary: Typhoon shows weak infrastructure

Staff Writer
Columbus CEO

WEAKNESS: Under the reforms of President Benigno Aquino III, the Philippines emerged as a rising economic star in Asia. But the trail of death and destruction left by Typhoon Haiyan has highlighted a key weakness: fragile and patchy infrastructure.

POOR REGION: The storm that tore through Leyte province displaced more than 600,000 people and likely killed thousands. Low rates of insurance mean the disaster is likely to sap government finances.

INFRASTRUCTURE NEEDED: The devastation underlines the need to build roads, ports and power lines. Aquino, who took office in 2010, launched an effort to improve the country's infrastructure, aiming to spend about $20 billion year. But efforts to eliminate corruption have slowed progress.