69% of Filipinos Back Impeachment Trial for VP Sara Duterte

Institutional investors typically view impeachment proceedings as a source of policy paralysis. If the legislature diverts its attention toward a prolonged trial, critical economic reforms and budget approvals often stall. This uncertainty usually leads to:

• Increased hedging against currency volatility (PHP).
• A potential flight to safer, more liquid large-cap assets.
• A slowdown in institutional capital allocation for development-linked projects.

What to Watch

Market observers should track the official response from the lower house and the specific timeline proposed for any impeachment filing. The transition from public opinion polling to formal congressional action is where the real market risk materializes. If the House leadership signals a move to fast-track the process, expect a sharp reaction in local indices.

"Nearly seven out of 10 Filipinos said they support an impeachment trial against Vice President Sara Duterte, a survey conducted by OCTA Research showed."

Traders should also monitor the reaction of the broader administration. Any attempt to consolidate power or push back against these findings will likely result in a heightened news cycle, keeping the local market in a state of high sensitivity. Watch for any divergence between official statements and the legislative agenda in the coming weeks. The political noise is likely to outweigh fundamental corporate earnings data in the short term, so keep positions sized appropriately for potential gaps in the market open.