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Philippine graft scandal may worsen stocks rout – PSE prexy
The Freeman
|October 07, 2025
Philippine Stock Exchange President and Chief Executive Officer Ramon Monzon has urged a “swift” and “credible” investigation of corruption allegations facing the government, warning they may do further damage to the country’s stock market.
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Corruption allegations tied to government spending on flood-control projects have triggered mass protests and fueled a broad exit by foreign investors. Global investors have pulled around $684 million from the market this year, according to Bloomberg-compiled data. By Friday, they had been net sellers for six days in a row.
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