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Read this in The Manila Times digital edition.
PHILIPPINE financial markets could face some volatility from the fallout of former president Rodrigo Duterte’s having been arrested and sent to the International Criminal Court for alleged crimes against humanity, a former Bangko Sentral ng Pilipinas (BSP) official said on Wednesday.
Speaking to the reporters at the sidelines of a Management Association of the Philippines economic briefing, GlobalSource Partners analyst and former BSP deputy governor Diwa Guinigundo said the short-term market reaction would be negative, but the country’s long-term economic prospects could improve given the view that the rule of law had strengthened.
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