Table: Reasons to Cheer

-- The stock market has surged 8%, the peso has recovered much of the ground it lost during the past year, and retail is staging a comeback.

-- In February, a U.S. delegation that included execs from AOL Time Warner, Federal Express, and GM met with Arroyo. Insiders say big deals are in the offing.

-- After putting projects on hold during the Estrada years, the likes of Lockheed Martin, Philip Morris, and Taiwan's Uni-President have decided to restart them.

    Before it's here, it's on the Bloomberg Terminal.