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Asia Insight

Duterte's federal Philippines dream raises 'fiscal nightmare' fears

Hopes for rural prosperity clash with concerns over deficit and hyperinflation

Philippine President Rodrigo Duterte says his proposed new charter would strengthen democratic institutions and provide equal opportunities nationwide. (© Nikkei montage)

MANILA -- A decade ago, Ian Funtalba moved to Manila to study geology, a degree not offered by universities in his home region of Bicol. Since then, he has stayed in the Philippine capital to build a career at a Canadian mining company.

"There are more opportunities in Metro Manila because the businesses are here," the 26-year-old said. He has no plans to move back, and it is easy to see why.

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