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Economy

Philippines loses its shock absorber

Uncertainty for investors as respected central bank chief steps down

| Philippines
The departure of the Philippines' central bank governor Amando Tetangco will test investors' patience with President Rodrigo Duterte's policies. (Photo by Keiichiro Asahara)

Throughout the first year of Rodrigo Duterte's reign in the Philippines -- the extrajudicial killings, policy chaos, verbal barbs at world leaders, rape jokes, authoritarian impulses -- one man stood firm against investors fleeing.

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