Jul 20, 2024

I recently came across an analysis of the Philippines’ foreign policy amid the dynamics between Ferdinand Marcos Jr. and Rodrigo Duterte. The geopolitical and geoeconomic stakes are high as Marcos has engaged with the United States, reversing Duterte’s pivot towards China. This shift comes after the dramatic return of the Marcos family to power in the 2022 elections. A new book titled Games, Changes and Fears, edited by Aries Arugay and Jean Encinas-Franco, delves into the impact of the Duterte-Marcos transition on policy trajectories, with insights from Filipino specialists based in local academic institutions and research organizations. The book provides a comprehensive survey of policy shifts, focusing on three narratives: “Games,” “Changes,” and “Fears,” and underscores the importance of understanding the impact of shifting Philippine domestic politics on foreign and security policy.

In addition to the Philippines’ political dynamics, the market has been experiencing some wobbles, with one firm increasing its S&P 500 target. On the financial front, Texas Teachers, one of the largest investors in private equity funds, announced plans to reduce its long-term target allocation, while the Steward saga continues to unfold. Furthermore, there have been significant venture capital deals, including a substantial funding round for Saronic, an autonomous surface vehicles maker for the U.S. Navy. The newsletter also highlights various fundraising, M&A, and IPO activities in the financial and business sectors.

Overall, the news offers a comprehensive overview of the geopolitical and geoeconomic landscape in the Philippines, as well as the recent market movements and financial activities taking place in the industry.

Stay Well!