Cowboy leader in Philippines

This is highly dangerous for the Philippines' economy. More so than the risks posed by Donald Trump. Given the country's relative lack of institutional control. If I had any investments in the country I would cash out now. Valuations are high and there are definitely better opportunities elsewhere.

http://www.bloomberg.com/news/articles/2016-09-12/duterte-s-bad-boy-act-changing-views-of-the-philippines-in-asia

Philippine President Rodrigo Duterte stepped onto the world stage last week with the swagger of a bad-boy rock star. Despite a patchy debut, including a rebuff from the U.S. president, Duterte has shown no loss of appetite for confrontation.

Returning from his first international trip as president -- to Laos for a global summit and then to Indonesia -- Duterte called the head of the United Nations a “fool” and repeated his vow for his nation to chart an independent foreign policy. He also denounced U.S. military killings when the Philippines was an American colony and thanked China for “being generous to us." On Monday, he called for U.S. troops to leave the southern island of Mindanao.