Last week, Philippine President Rodrigo Duterte once again made headlines after claiming that he is willing to quit if the son of former dictator Ferdinand Marcos succeeds in becoming vice president and his constitutional successor.According to Duterte’s spokesperson, Harry Roque, the president has expressed a “real, genuine wish to step down” if a qualified leader like Ferdinand Marcos Jr was able to replace him. This is not the first time Duterte has spoken about quitting.
The question facing policy makers in the Philippines is not whether to raise interest rates for a third time in a row, but by how much.A booming economy, surging inflation and pressure on the currency are setting the stage for a 50 basis-point increase in the benchmark rate to four percent on Thursday, according to 17 economists surveyed.
This month marks the third year of Rodrigo Duterte’s presidency. His presidency has been controversial to say the least, from being marred with criticisms from international institutions for his war on drugs to his various public outbursts. Most recently, the Filipino president called God “stupid” and vowed to resign if anyone could prove that God existed.His penchant for outrageous headlines however has stolen the spotlight from his economic reforms, dubbed “DuterteNomics”.
Philippine President Rodrigo Duterte on Thursday said he has signed a law which grants expanded autonomy for the mainly Catholic nation's Muslim south, a key step to ending one of Asia's longest and deadliest conflicts.The measure has for years been a crucial missing element to a languishing peace pact with the country's largest Islamic rebel group which, along with other guerrillas, has waged a rebellion in the southern Philippines that has claimed about 150,000 lives since th
For Southeast Asia’s biggest economies, 2018 wasn’t supposed to be like this.If a widening trade war wasn’t enough to contend with, a global wave of policy tightening, strong oil prices and domestic politics are also weighing on growth prospects for the region.
Filipino citizens were caught by surprise yesterday as large banners saying “Welcome to the Philippines, Province of China” appeared on bridges throughout Manila and other cities. The banners popped up on the second anniversary of the Philippines’ legal victory against China at the Hague.
Philippine President Rodrigo Duterte said he may step down as early as next year once a new constitution, which will pave the way for a federal shift in government, is in place.Duterte, in a televised speech late Friday, rejected suggestions that a recently concluded review of the nation’s charter is meant to prolong his stay beyond his six-year term, which ends in 2022.“I suggest and I would like Congress to approve it – make my term co-terminus with the beginning” of a new constitution, Dut
Southeast Asia’s central bankers are taking diverging policy stances even as their economies get slammed by the same headwinds.United States (US) dollar strength, higher oil prices, and global monetary policy tightening are adding pressure on key emerging markets to protect their currencies and curb outflows. Amid all that volatility, central banks still have their inflation targets to consider.
Rodrigo Duterte’s presidency has been nothing short of controversial. Ever since he was elected as the 16th President of the Philippines two years ago, he has drawn criticism from activists and leaders the world over. Most recently, Duterte was condemned for forcibly kissing an overseas Filipina worker on the lips during a live event.This latest controversy encapsulates Duterte’s reign well – he will do what he wants, whenever he wants, regardless if the whole world is watching.
Emilio Aguinaldo was only 19-years-old when he issued a decree on 12 June, 1898 declaring the independence of the Philippines from Spain. The young revolutionary thought that a declaration of independence would inspire the people of the Philippines to unite and fight against the Spanish. Today marks the 120th anniversary of the independence of the Philippines from the Spanish after more than 500 years of colonial rule.