The uncertainty surrounding the Philippine presidential elections would remain elevated in the near term, according to a Fitch Group unit, saying it believes that Davao City Mayor Sara Duterte-Carpio is not yet out of the race.

"We at Fitch Solutions believe there remains a strong possibility that Sara Duterte could still run for president despite not filing for candidacy before the Oct. 8, 2021 deadline," Fitch Solutions stressed in a report released on Tuesday.

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