MNI China Press Digest Mar 17: Consumption, Homes, Investment

MNI: PBOC Sets Yuan Parity Lower At 7.1688 Mon; -0.41% Y/Y

MNI China Daily Summary: Friday, March 14

MNI BRIEF: China February M2 Stays At 7% Y/Y

RPT-MNI INTERVIEW2: Lag Justifies Faster CNB Easing - Holub

BAKER HUGHES CANADA RIG COUNT 199; OIL RIGS 139; GAS RIGS 60

MNI: BAKER HUGHES US RIG COUNT 592; OIL RIGS 487; GAS RIGS 100

EZ/UK T-Bill Calendar: DE, NL and FR Due Monday

GERMANY: Union/SPD Migration Alignment After Turmoil Threatened Debt Deal (BILD)

GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

PHILIPPINES: Top Court Rejects Duterte's Petition To Stop His Arrest

PHILIPPINES
EM BulletHomepagemarkets-real-timePhilippinesPolitical RiskAPACPolitical Risk BulletBulletEmerging Market News

The Supreme Court of the Philippines rejected ex-President Rodrigo Duterte's petition to stop his arrest, removing an obstacle to the continuation of the proceedings launched against him by the International Criminal Court (ICC) over his bloody war on drugs. The Court ruled that "the petitioners failed to establish a clear and unmistakable right for the immediate issuance" of a restraining order, according to Bloomberg's summary of the statement.

  • The authorities acted with surprising speed, executing the ICC warrant and putting the ex-President on a plane to the Netherlands, where he will face trial for alleged crimes against humanity. His swift detention and extradition provoked backlash from members of his powerful political clan, who accused President Ferdinand "Bongbong" Marcos Jr. of "state kidnapping."
  • The situation erupted amid the previously flagged breakdown of a power-sharing agreement between the Marcoses and Dutertes, which allowed their ticket to secure a landslide victory in the 2022 presidential election. Duterte's arrest will divert the attention of his political allies from the ongoing midterms campaign.
  • The plane reportedly carrying Duterte (flight #RPC5219) has been delayed but is now en route from Dubai to Rotterdam, tracking service Flightradar24 shows at typing. His daughter and the country's current Vice President Sara Duterte is reported on her way (flight #EK337) to the Hague to help organise her father's legal team.
  • The Presidential Palace further distanced itself from Duterte's legacy, accusing him of authorising excessive violence and extrajudicial killings, while one of the congressmen close to President Marcos floated the idea of rejoining the ICC, following Duterte's decision to unilaterally withdraw from the organisation during his presidency.
  • Former Agriculture Secretary Manny Pinol said that the ex-President may not return to the country for a long time due to the nature of ICC trials. Meanwhile, the Philippine Commission on Elections (Comelec) said that this does not annul his bid to return as Davao City Mayor, but it also flagged legal questions that would be raised by a potential conviction.
322 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

The Supreme Court of the Philippines rejected ex-President Rodrigo Duterte's petition to stop his arrest, removing an obstacle to the continuation of the proceedings launched against him by the International Criminal Court (ICC) over his bloody war on drugs. The Court ruled that "the petitioners failed to establish a clear and unmistakable right for the immediate issuance" of a restraining order, according to Bloomberg's summary of the statement.

  • The authorities acted with surprising speed, executing the ICC warrant and putting the ex-President on a plane to the Netherlands, where he will face trial for alleged crimes against humanity. His swift detention and extradition provoked backlash from members of his powerful political clan, who accused President Ferdinand "Bongbong" Marcos Jr. of "state kidnapping."
  • The situation erupted amid the previously flagged breakdown of a power-sharing agreement between the Marcoses and Dutertes, which allowed their ticket to secure a landslide victory in the 2022 presidential election. Duterte's arrest will divert the attention of his political allies from the ongoing midterms campaign.
  • The plane reportedly carrying Duterte (flight #RPC5219) has been delayed but is now en route from Dubai to Rotterdam, tracking service Flightradar24 shows at typing. His daughter and the country's current Vice President Sara Duterte is reported on her way (flight #EK337) to the Hague to help organise her father's legal team.
  • The Presidential Palace further distanced itself from Duterte's legacy, accusing him of authorising excessive violence and extrajudicial killings, while one of the congressmen close to President Marcos floated the idea of rejoining the ICC, following Duterte's decision to unilaterally withdraw from the organisation during his presidency.
  • Former Agriculture Secretary Manny Pinol said that the ex-President may not return to the country for a long time due to the nature of ICC trials. Meanwhile, the Philippine Commission on Elections (Comelec) said that this does not annul his bid to return as Davao City Mayor, but it also flagged legal questions that would be raised by a potential conviction.