Wishing on a star

9 May 2016 By Una Galani Follow @ugalani

The former sick man of Asia is in rude economic health. But a motley crew are vying for votes in Monday’s election, including a Trump-like strongman and the daughter of a film star. If outgoing President Aquino’s reform drive is abandoned, foreign investors may bail out.

This content is for Subscribers only

Context News

Voters went to the polls on May 9 in the Philippine general election.

President Benigno Aquino has been in power since 2010 and is unable, under the constitution, to seek a second six-year term.

The Philippine Stock Exchange Index has declined 4.1 percent in the past month, more than the decline in Singapore’s FTSE Straits Times Index and the FTSE Bursa Malaysia index.

Over the same period, the Philippine peso has weakened 2.2 percent against the U.S. dollar, compared to a 2.8 percent drop in the Malaysian ringgit.

Email a friend

Please complete the form below.

Required fields *