Philippine market selloff: It's the economy, not Duterte, say observers
Slowdown in remittances from Filipinos working abroad is a big concern
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 Filipinos working overseas, which have historically been a big driver of growth in the South-east Asian nation, is a cause of concern.
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