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World

Investors cheer on 'The Punisher'

Opening sequence

Opening sequence

World

Investors cheer on 'The Punisher'

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COMING UP:Investors cheer on 'The Punisher'

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Transcript

00:00:02
>> The Filipino President's bloody war on drugs may be turning heads, but Rodrigo Duterte is getting top marks from business leaders. Hopeful his strongman style is setting the country up for an economic boom. It's got company from fast food giant Jollibees as the company's biggest lender Unibank making plans to expand.
00:00:20
Reuter's Karen Lima explains what lies behind the appeal.>> I think President Duterte is really off to a good start because he is inheriting an economy which is in its best shape in three years. And his promise to accelerate and increase spending as well as keep the physical house in order, something that excite businessman and boost investor's confidence.
00:00:47
>> Last week, the Philippines' Q2 growth clocked in at a bright 7% from last year, good news for those who had questioned if Duterte was fit to deal with market matters. After all, he won the election on his tough reputation as the punisher, earned during his time as Mayor of Davao City.
00:01:03
But a closer look at his track record there may surprise you.>>
INAUDIBL
] was reported in development of that city is now baffling. We saw that in 2010 to 2014 the reason actually grew 6.6% on an annual basis which is faster than the average growth of the entire country, for that period.
00:01:27
>> Duterte violent campaign against drugs has killed 1900 people in just seven weeks. That's according to an ongoing senate hearing. One senator has come out to condemn the campaign saying it's had a chilling effect on the country. But companies seem confident of Duterte's promise of law and order is good for business, hoping he can turn that focus on the economy to keep it flying high.