Davao City Mayor Rodrigo Duterte’s vague economic plans and threats to kill thousands of criminals are spooking the financial markets, with one business leader warning on Tuesday that the trash-talking politician would bring anarchy.
The key Philippine Stock Exchange index fell also on Tuesday for the fifth consecutive day, a stretch that began after Duterte made a speech before top business leaders in which he joked about his penis and vowed to pardon himself for mass murder.
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