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Private banks in the Philippines brace for Marcos regime 2.0

Photo by Yannes Kiefer on Unsplash

For decades, the Philippines has been as tumultuous an economy as wealth managers could find in Asia. Much of the chaos has emanated from Manila’s raucous and opaque political scene. President Rodrigo Duterte’s arrival in 2016 is a case in point. In the previous six years, his predecessor Benigno Aquino increased transparency, curbed corruption and strengthened the national balance sheet…

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