00:00The arrest of former Philippine President Rodrigo Duterte may have unsettled financial
00:05markets but has assured long-term benefits for the country.
00:09Former Banco Central ng Pilipinas or BSP Governor Diwa Ginegundo acknowledged short-term volatility
00:15but argued that upholding the rule of law strengthens investor confidence.
00:19The Philippine Stock Exchange Index dropped close to 2.5 percent on the day of Duterte's
00:24arrest with a peso weakening to 57.36 pesos against the dollar.
00:29Ginegundo warned the mass protests could further destabilize markets and urged the
00:34government to put a handle on potential unrest.
