Duterte has now got his wish to extend Martial Law on Mindanao to 31Dec17 and although most investors will run a mile when they hear the words Martial Law I, as an investor think this is a good move to rid Mindanao of all these terrorist and drug-related groups that might lead to economic growth in this impoverished part of the Philippines which in itself attracts young men to join these groups. Economic development won't happen whilst there is this constant threat of bombings and kidnappings on this island and of course tourists won't go near the place, so any government would be negligent to let this situation fester forever, as has happened for more than 60 years now.
I also think it offers companies such as Medusa increased security and protection to carry on with their business with the heightened presence of police and army, hopefully there are no downsides to the operation that can't be overcome.
I'm really not expecting any share price reaction to this news.
MML Price at posting:
30.5¢ Sentiment: Buy Disclosure: Held