FPRRD’s ICC Arrest Won’t Affect Philippine Economy - Experts Say

Duterte Arrest May Not Have Impact on PH Markets

The Philippines and the world have recently witnessed a former head of state being arrested upon an arrest warrant from the International Criminal Court (ICC). Rodrigo Roa Duterte’s arrest may shake some foreign investors’ views, but it’s unlikely to create a big impact on the country’s economic landscape. Let’s delve deeper and learn from this historical event to create informed economic decisions including real estate investments.

Duterte ICC Arrest vs Philippine Markets

According to Jayant Menon of ISEAS-Yusof Ishak Institute, Rodrigo Duterte’s arrest will unlikely affect the political risk premium which is calculated by investors when making decisions regarding their investment portfolio. While it’s still early to say how much of an impact these recent happenings will have on the economy, Menon believed that it will not be a huge factor, economically speaking.

The country has overcome many instances of political instability in Philippine history, so this may not be a significant factor that will affect both foreign and local investors. It could be due to the built-in resilience of the country when it comes to these kinds of uncertainties in the political and economic landscape.

The minor negative impact of the ICC arrest is nothing compared to the bigger challenges that the Philippine markets are facing, particularly on the investment side. Menon mentioned that these heavier challenges that investors need to keep an eye on include technological disruptions, rising protectionism, and the effects of climate change.

Meanwhile, Diwa Guinigundo, a GlobalSource Country Analyst, also marked this political disruption as insignificant for the economy of the country. However, he explained that the weight of the impact will depend on the actions that the masses will take against the arrest of former President Duterte. Some of these developments may upset Philippine markets, but they won’t be significant.

Potential Benefits of ICC Political Blip

Sometimes, these disruptions can be advantageous, as the country may leverage such opportunities. Investors are also already primed for this kind of disruption, so the impact will be softened after a while. Guinigundo also highlighted that Duterte's arrest by the ICC could give a positive impression to foreign investors because it shows that the Philippines adheres to accountability.

He added that these investors have witnessed that the country upholds the rule of law and is consistent with public policy. Furthermore, this recent development also demonstrates the capability of the Philippine government to stop the culture of impunity. With more investments being made in infrastructure, the future of Philippine markets is indeed promising amid this political turmoil.

It all boils down to the capacity of a critical civil society to recognize actual political disturbances that can affect the economy and disrupt markets. As more developments in real estate are also seen, there’s not much to worry about if you’re currently looking at a new investment to expand your portfolio. Stay tuned with the current market updates to make informed choices and economic perspectives.

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