Editor’s Picks 22 September 2016 at 22:26 GMT

President Duterte shrugs off S&P view, ready to turn to China, Russia

The Phillipine Star
I don’t care. This was President Duterte’s reaction to S&P’s assessment that predictability in policymaking diminished under his administration. S&P affirmed on Wednesday the Philippines’ long-term credit rating of ‘BBB’ and short-term credit rating of ‘A-2,’ with a stable outlook. While the rating is a notch above investment grade, the credit watchdog said the stability and predictability of policymaking in the country has “diminished somewhat” in light of Duterte’s policy pronouncements on foreign policy and national security. Duterte shrugged off the assessment, saying the Philippines is formulating “a new foreign policy”. “Go away. We'll start on our own. I can go to China, Russia. They are waiting for me”, the president said on Thursday. “Wala akong pakialam sa inyo (I don’t care about you),” he added.
Read full article at The Phillipine Star

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