Confidence before capital - BusinessWorld Online

Confidence before capital - BusinessWorld Online

The Philippine Stock Exchange index (PSEi) has declined by 17% over the past decade, even as the economy expanded and corporate profits grew and as our Asia-Pacific peers grew by around 70%. At around 6,200-6,800 in late 2025, the index remains below its 2018 peak of over 9,000 points. Meanwhile, Philippine equities trade at roughly nine times earnings, far below the historical average of fifteen and well under the regional average of thirteen t…