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Political Risk / Philippines

Estrada Runs Again While Remittances Sustain Growth

October 2009 | Ratings Update

The Philippines' former president Joseph Estrada has announced that he will run for presidency again in the 2010 elections. Estrada, who was removed from office in 2001 over corruption charges, will run on a 'pro-poor ticket', by emphasising social welfare programmes. However, it is unclear whether Estrada is eligible to run again, as the Philippines' constitution bans presidents from seeking a second term. With less than a year to go before the May 2010 polls, there is still a high level of uncertainty shrouding the future of Philippine politics. Nonetheless, the fragmented opposition may mean the return of the ruling

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