Duterte triumph lifts cloud over Philippines markets

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By John Loh, Jonathan Breen, Narae Kim
12 May 2016

The Philippines’ tough-talking new president may be ruffling feathers with his firebrand public persona but bankers and market watchers have mostly brushed this off and said the country is poised to see a resumption in primary equity and debt issuance. But the leader’s thinking on the economy remains a wild card, writes John Loh.

Rodrigo Duterte, the mayor of Davao city in southern Philippines, won a landslide victory in the national elections this week when he took 39% of the vote versus 23% for his nearest rival, Manuel Roxas.

Not only was that a convincing lead, but two of his contenders ...

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