ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Opinion

Philippine peso flashes warning signs for Dutertenomics

Violence and policy drift deter currency traders

| Philippines
  © Reuters

Strongman Rodrigo Duterte is presiding over one of the world's peppiest economies. Philippine growth is a China-like 6.5%, a long-delayed infrastructure boom is picking up pace and tourists are flocking to the archipelago's bevy of white-sand beaches.

But an important constituency is not buying the Philippines renaissance story: currency traders. The peso is Asia's worst performer this year, down more than 3%, while virtually all other Asian governments are struggling to cap surging exchange rates. The Thai baht and Singapore dollar, for example, are up 8% and 7% respectively.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more