The unease is more about what is not happening, if the recent comments of financial and market analysts are to be believed. Moody’s Investors Service warns of a “clouded” economic outlook if recent events, such as the heightened security alert following the deadly Sept. 2 bombing in Davao City, lead to prolonged uncertainty. COL Financial, a major stock brokerage, has pointed to a likely “sideways movement” in prices on the Philippine Stock Exchange until the Duterte economic agenda begins in a tangible way. Other analysts and business groups share a similar sentiment. That drives money out of markets in emerging economies like the Philippines, as investors seek higher returns in the US.

Source: Manila Times September 07, 2016 16:18 UTC