(Bloomberg) — President Rodrigo Duterte is cracking down on some of the Philippines’ biggest businesses, pushing a populist agenda that’s endearing him to his supporters while putting off investors.The nation’s stock market has dropped as much as 11% from its 2019 peak and valuation has fallen to its lowest since 2011 relative to peers as Duterte stepped up his attacks last month. The 74-year-old leader whose drug war has killed thousands saw his popularity hit a new high last quarter.The benchmark index fell 1.6% on Tuesday, its second straight day of decline. Duterte is scheduled to have a televised interview …read more
Source:: Yahoo Finance
