September 8, 2016 in Daily Bulletin
The leaders of the United States and the Philippines have been having a rather public spat. Ian Sayson looked at the effect it was having on The Philippines’ economy:
- The Philippines stock exchange index fell 1.3% largely as a result of the feud.
- This is driven in part by foreign funds who have sold their investments in the country, believing that the once rising superstar of an economy, has seen its prospects dim, due to a President whose behaviour can be erratic.
- The Philippines is the only major Asian market that has seen stock market declines in recent times.
Read more here.
Source: The Independent