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Philippine market selloff: It's the economy, not Duterte, say observers

Slowdown in remittances from Filipinos working abroad is a big concern

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Standard & Poor's rating agency has warned that the unpredictability over Mr Duterte's policies could undermine the chances of an upgrade for the Philippines.

Singapore

PHILIPPINE markets have been heavily sold down since July - primarily for economic reasons, not the festering row between new President Rodrigo Duterte and traditional ally the United States over his war on drugs, money managers say.

A slowdown in remittances from

sentifi.com

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