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Investment czar says market dive claim was 'fake news'
October 10, 2025
|The Freeman
Presidential investment czar Frederick Go on Thursday, October 9, clarified that reports claiming the corruption scandal caused the Philippine market to dive were false, even if Securities and Exchange Commission (SEC) Chairman Francis Lim himself was the one who cited them.
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The Ground Level of the New Headquarters of the Philippine Stock Exchange in Bonifacio Global City. PHILSTAR.COM
During the Financial Executives Institute of the Philippines conference, Lim said that P1.7 trillion was wiped out from the Philippine Stock Exchange (PSE) due to the corruption issue. This represented a 12% decline in the market.
Go said that Lim cited false information.
هذه القصة من طبعة October 10, 2025 من The Freeman.
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