10/26/2017 100 days in: Duterte wins local support at risk of losing foreign investors- Nikkei Asian Review

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Spotlight > Duterte's Philippines

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October 8, 2016 12:00 am JST Xi Jinping tightens his grip on

China's economic reins

100 days in: Duterte wins local support at

risk of losing foreign investors China to spur global surge in
sales of electric vehicles by
CLIFF VENZON and MIKHAIL FLORES, Nikkei staff writers 2025

MANILA -- Asked why he joined President Rodrigo Duterte's cabinet, King Bhumibol's cremation
draws Thais in hundreds of
Socioeconomic Planning Secretary Ernesto Pernia, said in May: "He is thousands

impatient. He acts quickly and gets things done without corruption."

Abe to tell CEOs of his 'wish'
to see 3% wage increase
As Duterte marks his 100th day on the job Friday as the Philippine president,
the same qualities that the former Asian Development Bank economist
Kobe Steel loses industrial
attributed to him are keeping the president's popularity intact at home, but standards certification for
copper products
are also the reason its crumbling abroad.

A survey of local pollster Social Weather Stations showed Duterte with a 64%
Print Edition
net satisfaction rating for his performance, beating his three last
Cover story: Can Asia
predecessors despite international condemnation of extrajudicial killings tied fall in love with tea
again?
to his war on drugs and his tirades against foreign leaders and organizations.
30 billion bottles and
In the same survey, 84% of respondents approved of his controversial anti- counting: Japan's
green tea titan
drug crackdown.
Healthy versus hip: A
Foreign investors, however, have a different view. For 22 days from Aug. 23 Sri Lankan tea boss
takes on coffee
to Sept. 23, foreign funds flowed out of the stock market as Duterte's
inflammatory rhetoric against critics unsettled investors already wary of See all issues

valuations of local equities and an impending rate hike in the U.S.

Most read
"Some foreigners are getting a little spooked but the locals are positive," BDO Exclusive: Apple to settle for half its
Capital and Investment President Eduardo Francisco told the Nikkei Asian planned iPhone X shipments this year

Panasonic powers up electric-car battery

Review. output in Asia, US

Cover story: Can Asia fall in love with tea

Duterte's three-month-old government has managed to kick-start taxation again?
reforms, which "the previous administration wasn't able to do," Philippine
https://asia.nikkei.com/Spotlight/Duterte-s-Philippines/100-days-in-Duterte-wins-local-support-at-risk-of-losing-foreign-investors 1/3
10/26/2017 100 days in: Duterte wins local support at risk of losing foreign investors- Nikkei Asian Review

Stock Exchange President Hans Sicat said. China's anti-graft chief Wang Qishan
'retires' from key party body

Duterte plans to slash personal income taxes to 25% from 32% to boost the No successor to Xi seen emerging from
party congress in China
spending power of the middle class. To offset revenue losses, the Finance
Department suggested jacking up taxes on cars and petroleum products in Videos
the first comprehensive tax reform since 1997. Victorious Abe pushes for
reform

The tax restructuring forms part of Duterte's 10-point economic agenda that
Joint drills with the USS Ronald
also includes building infrastructure, making business processes easier, and Reagan
developing rural areas with an eye on lifting 10 million Filipinos out of
poverty by 2022. Suu Kyi addresses Rohingya
crisis

"We have seen the reduction of bureaucracy in some of the government

more
agencies," Philippine Chamber of Commerce and Industry President George
Barcelon said.
Financial Times
Oct.26 16:32 Thailand bids farewell to late
BDO Capital's Francisco said infrastructure efforts are moving quicker under King Bhumibol
the new administration. "Projects that did not move in the last Oct.26 13:56 China accelerates drive for
global soft power
administration are moving now," he said.
Oct.26 13:13 China: the soft superpower

Oct.26 13:10 Asian billionaires now

outnumber US counterparts: report
1 2 Next > Last >>
Oct.26 12:14 Australias Qantas Airways
warns of slower growth
Save

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Malcolm Cook: Duterte's China visit reveals a shift in US-Philippine relations
Malcolm Cook: Duterte's China charm offensive

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10/26/2017 100 days in: Duterte wins local support at risk of losing foreign investors- Nikkei Asian Review

Japan to donate 5 navy

training aircraft to
Philippines

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