China Sea: Philippine Peso and Funding Scandal

china sea: The Philippine peso has sunk close to levels last traded during the global financial crisis, according to The Japan Times. Malaysia currency is also in a funk. Foreign investors pulled out of Thailand stocks at the fastest pace this year in October. The common denominator is heightened political risk — from President Rodrigo Duterte stinging attacks on the U.S. and his violent crackdown on crime in the Philippines to the death of King Bhumibol Adulyadej in Thailand that removed an anchor of stability in the country. Political risk is certainly on the rise in Southeast Asia, said Bill Hayton, author of The South China Sea: The Struggle for Power in Asia. Malaysian Prime Minister Najib Razak, meanwhile, is embroiled in a funding scandal that being investigated by authorities around the world. (news.financializer.com). As reported in the news.