News Story: Dutertes tirades pose risk to strong PH economy says S&P

Rodrigo Duterte (Image: Wiki Commons)

Tirades of President Rodrigo Duterte against selected delegates during the recent Asean Summit this month worries investors and may risk the strong economic performance of the Philippines, said S&P Global Ratings.

The international rating agency said Duterte’s tirades against US President Barack Obama and UN secretary general Ban Ki-moon over the rise in the number of extra judicial killings in the Philippines could cause potential diplomatic complications.

“International investors may be getting worried about potential diplomatic complications and short-term law and order issues on the ground. The peso has been one of the region’s weakest performers since June,” S&P stated.

However, other external factors as well as local and regional political issues could also be a basis of the country’s economic degradation according to S&P.

Read the full story at Tankler

NOTE: The “Foreign investors to PH stock market pulls out, blames Dutertes inconsistencies” Link in the above was added by PacificSentinel for clarity & context.

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PacificSentinel: No, the stock market isn't going to become a regular thing here, but this clown is rapidly killing the Philippines on so many levels, this is just one more way he's doing it.