Thanks for the replies. I know how to handle such cases in the future. I didn't mention the part of the story wherein he was saying that he was a policeman since i didn't care at all about it. He was a 20+ Filipino Chinese which makes it highly improbable for him to be a cop. Yup, maybe that was a cover story to intimidate me.

I have to admit that I was too caught up what the guy was trying to do. But he made it impossible for that incident not to end that way. He even went with me side mirror to side mirror along the part of the road near the palengke that is good for one car only which was congested with people and tricycles. Good thing no one was hurt.

During the time we were talking to the investigator, the guy mentioned that i made it a bigger issue by not wanting to settle. After going through that, that's the last thing i would do. I didn't really care about the money since it was already a matter of principle and pride.