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Investment czar says market dive claim was 'fake news'

The Freeman

|

October 10, 2025

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.

Investment czar says market dive claim was 'fake news'

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.

The Freeman से और कहानियाँ

The Freeman

The Freeman

ICI, DPWH refer raps vs 8 solons to Ombudsman

The Independent Commission for Infrastructure (ICI), along with the Department of Public Works and Highways (DPWH), has recommended to the Office of the Ombudsman the filing of plunder and graft charges against eight lawmakers.

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2 mins

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"Potluck" in lieu of grand party

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1 min

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Exhibit on Monet's prolific Venice visit debuts at Brooklyn Museum

Claude Monet did not want to travel to Venice in 1908 — at the time, he was 68 and working on his famed water lilies paintings, and only reluctantly agreed to accompany his wife Alice Hoschede.

time to read

1 mins

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Leaner Sinulog 2026 eyed

Cebu City Mayor Nestor Archival is considering adjustments to next year’s Sinulog Festival to cut costs and streamline the celebration.

time to read

1 mins

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Metro Retail ending 2025 with growth, expansion

Metro Retail Stores Group Inc.

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2 mins

November 27, 2025

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Gov't extends molasses importation moratorium

The Department of Agriculture (DA) announced Wednesday that the Sugar Regulatory Administration (SRA) is extending its moratorium on molasses importation until March 2026.

time to read

1 min

November 27, 2025

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Stocks extend global rally

Asia and Europe extended a global equities rally Wednesday after another round of tepid US data reinforced expectations that the Federal Reserve will cut interest rates again next month.

time to read

2 mins

November 27, 2025

The Freeman

Lancers tame Wildcats anew to strengthen Top 2 campaign

The three-time defending champions University of the Visayas (UV) Green Lancers downed the Cebu Institute of Technology-University (CIT-U) Wildcats again, 91-82, to earn a share of the college division lead in the Cebu Schools Athletic Foundation, Inc.

time to read

1 mins

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The Freeman

The Freeman

Police on the watch against port concerns

With the approaching Yuletide season, which may draw an influx of arrivals, the Cebu City Police Office (CCPO) has intensified its efforts to address complaints of alleged fare overpricing and improper passenger handling, including the implementation of a makeshift terminal.

time to read

2 mins

November 27, 2025

The Freeman

The Freeman

5 Reasons to watch 'AFAM Wives Club'

Be entertained with “AFAM Wives Club”, a fresh iWant reality series that feels real, raw, and radically different, showcasing an unfiltered look at Filipinas navigating a cross-cultural relationship.

time to read

1 mins

November 27, 2025

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