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'Market recovery tied to flood control corruption probe'
The Philippine Star
|October 02, 2025
The local stock market is not expected to recover from its ongoing slump unless positive results emerge from ongoing investigations into corruption in flood control projects, according to Philippine Stock Exchange Inc. (PSE) president and CEO Ramon Monzon.
Monzon
Asked on what he thinks of the market right now, Monzon said that it is “very bad.”
“It reflects what is happening in our country,” the PSE chief said.
“The market's number one ally is confidence — both local and foreign investors. It appears that we do not have that right now until what is happening stabilizes,” he said.
Anomalies in the country’s flood control projects have opened the floodgates of heavy selling pressure in the PSE over the past two months.
यह कहानी The Philippine Star के October 02, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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