06 Oct 2025 | 5 Mins Read
Philippine Graft Fears Fuel Stock Market Decline
Flipitmoney
Philippine Stock Exchange President Ramon Monzon urged a swift and credible investigation into corruption allegations tied to government spending. Foreign investors have pulled $684 million from the market this year, with the Philippine Stock Exchange Index plummeting over 8%. An independent commission has been formed, but Senator Panfilo Lacson stepped down as probe chairman.