Philippines President Benigno Aquino finished up his debut performance at Davos this year with a near-standing ovation. Mr. Aquino said he was honored to be a part of the global event. “We can participate in the world stage and not feel—how should I put it—like a second-class citizen.” The Philippines is now ready and willing to “boost its participation in global events.” Aquino took a break from meetings at the World Economic Forum’s annual conference in Davos, Switzerland, on Saturday to announce that his country had agreed to host next year’s WEF East Asia Summit, a smaller regional summit in the forum’s network.
