Dirty Harry makes the Philippines’ day

The Philippines’ new leader, Rodrigo Duterte, rattled investors before his election in May by sounding like Dirty Harry. So far, however, his bark has proved worse than his bite.

The Philippines' new leader, Rodrigo Duterte, rattled investors before his election in May by sounding like Donald Trump and Dirty Harry; he insisted tens of thousands of criminals would be killed in his crime crackdown. So far, however, his bark has proved worse than his bite.

There has been a spike in vigilante killings of suspected drug dealers, but Duterte has surprised observers by announcing a unilateral ceasefire with Maoist rebels, and has secured support from Muslim insurgents in the south for his planned shift towards a federal system of government.

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Andrew Van Sickle
Editor, MoneyWeek