Philippine president Rodrigo Duterte has revealed talking to both Chinese president Xi Jinping and Russian prime minister Dimitry Medvedev to get both countries to invest more in the Philippines as western investors continue to flee on account of Duterte's distaste for defending human rights and liking for wanton murder.

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The disturbed Duterte made the revelation in response to news he was being blamed for the outflow of foreign investments and the steady weakening of the peso over the past weeks on account of his unthinking war on drugs that has placed the growth of the Philippine economy on the backburner.

"I will open trade alliances with Russia and China so all you other investors, just go. No problem," said Duterte in another rant at the presidential palace in Manila.

Duterte is the first Philippine president to ever beg China, a communist country, and Russia, a former communist country, to succor a Philippine president. A communist insurgency seeking to overthrow the Philippine government has been going on since 1947.

Duterte is a known communist sympathizer and might even be a member of the communist New People's Army fighting to overthrow the democratic government.

The Philippine peso and stock market began this week by again weakening after the West criticized Duterte's murderous drug war that has killed over 3,500 Filipinos.

The peso hit a seven-year low to the dollar on Sept. 26 (about Php48.00 to $1.00) while foreign investors pulled out from the Philippine Stock Exchange for a 23rd straight day. On Sept.26, the Philippine stock market fell 1.18 percent to close at 7,632.46 points.

Analysts said investors were voting with their feet and were being driven away by Duterte's palpable unconcern for nurturing what has been one of Asia's best-performing economies in recent years.

The Philippine economy grew over six percent annually on average during the six-year term of Duterte's predecessor, Benigno Simeon Aquino.

Last week, international credit rating agency Standard and Poor's warned Duterte's war on crime was threatening the economy and endangering its democratic institutions. It also said Duterte's unpredictable foreign policy and national security statements were downsides that meant a credit upgrade for the Philippines was unlikely in the next two years.

Duterte's inanity and his maniacal bloodlust bent on killing as many alleged Filipino drug dependents as he can threatens to again make the Philippines the "Sick Man of Asia" and overturn six years of sterling growth under Aquino.

Investments and investors continue to flee the Philippines as the reality has sunk in Duterte isn't concerned at all with growing the Philippine economy. There is growing fear the Philippines might be facing six years of a murderous and unthinking war on drugs that could kill up to 100,000 Filipinos as Duterte had earlier promised.

There is also a fear foreigners might soon become targets in Duterte's lawless war on drugs where police are doing much of the murders.

TagsRodrigo Duterte, Xi Jinping, Dimitry Medvedev, New People's Army, Standard and Poor's