Losses in Philippine stocks are accelerating as foreigners keep pulling money from Asia’s most expensive market, amid speculation that the outbursts of President Rodrigo Duterte are hurting investor sentiment.
The Philippine Stock Exchange Index fell 1.3 per cent to 7,619.10 in its biggest decline in five weeks. The gauge has dropped 6 per cent from a 15-month high on 21 July, paring its gain this year to 9.6 per cent.
Foreign funds pulled $58m (£43m) from local equities on Wednesday, the most in almost a year, and have sold a net $333m in an 11-day run of outflows. The index is down 2.3 per cent this quarter, the only decliner among major Asian markets.
Duterte’s threat to call US President Barack Obama a “son of a whore” if he criticised an anti-drug campaign that’s left around 2,400 dead, and the subsequent cancellation of a meeting between the leaders, “didn’t sit well” with overseas investors, said Rafael Palma Gil, a portfolio manager at Rizal Commercial Banking Group in Manila.
That's right asshole.
If you insult our president there are repercussions.
Apparently Obama and Duterte did finally meet during yesterday during the Southeast Asian Nations (ASEAN) Summit:
According to a White House official, Mr Obama had a brief discussion with Mr Duterte before the Asean Gala Dinner in the leaders’ holding space. He said the exchange consisted of pleasantries between the two. However, the two leaders entered the dinner venue separately, were seated far apart and did not interact with each other during the meal that lasted an hour and 20 minutes.
The incident has soured relations between the two nations, at a time when their strong partnership is critical for regional stability. The Philippine government is concerned about Chinese activity in the South China Sea and, in the same week as the diplomatic row, released intelligence photos purporting to show Chinese coast guard vessels in the disputed Scarborough Shoal.
Yep, that is one smart president the Philippine people have there.
I wonder if they will enjoy their new Chinese overlords?
From the article: Yep, that is one smart president the Philippine people have there.
ReplyDeleteNow imagine an analogous (only bigger) situation some time early next year, and a blogger in another country writing, "Yep, that is one smart president the American people have there."
Yep. All the little man/boy dicktaters will get a fine and valuable lesson about the American people and her Military. We are the ancestors of strength and guts who built the greatest country in this world. We are awake.
ReplyDeleteHow much money does trump owe the Russians, china, n korea, iran? And how much has he extorted from americans?
ReplyDeleteHmmmmm. I've seen this play before. Oops, never mind the first act is happening now in this country.
ReplyDeleteDonald Trump loves
ReplyDeleteVladimir Putin
of Russia
Who's Next
President Rodrigo DuterteIf?
of the Philippines
OTBut >
ReplyDeletehttp://www.huffingtonpost.com/entry/911-mattress-commercial_us_57d24ecee4b06a74c9f40c65?section=&
http://www.rawstory.com/2016/09/florida-walmart-and-texas-mattress-store-slammed-for-shockingly-tasteless-911-ads/
911>
Delete"Even weather reports got into the act, from the 1980s onward as competition for local news dollars heated up, figuring out ways to make the forecasts seem more ominous.""Americans were already unrealistically afraid of rising crime rates (when these were actually falling, except in television fiction), racial violence in the schools, the possibility of stranger abduction of children (which polls suggested parents were exaggerating by literally 50,000 percent), even poisons and razor blades in Halloween trick or treat loot (which became an item of faith from 1981 onward even though no such offenses had actually occurred)." FEAR> "shifts from prudent motivation to its potential for confusing good judgment. "
http://www.rawstory.com/2016/09/911-struck-fear-in-americans-for-more-than-the-obvious-reasons/
Looks like the Phillipines has their very own version of little hands dRUMPf.
ReplyDeleteWhatever our future relations with China (good or bad) the Philippines will make no difference. If China were to invade the Philippines, America would go to war even if the president of the Philippines insults our president.
ReplyDeleteSo, a country of crooks and liars and thugs are being sanctioned by the rest of the world.
ReplyDeleteGo ahead, Duarte, just TRY calling our Potus anything. Just the prospect of it maybe happening already hurt your economy. When America has a cold, the rest of the world has pneumonia.
ReplyDelete