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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

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.


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...