Flood Control Mess Erases P1.7T in Market Value — SEC Chief - BusinessWorld Online

Ridon challenges SEC chief's ‘bombastic’ P1.7-trillion market loss claim

MANILA, Philippines – A House lawmaker on Thursday called out Securities and Exchange Commission (SEC) Chair Francis Lim for making “bombastic statements based on wrong information” after he claimed in a public forum that P1.7 trillion in market value was wiped out in just three weeks due to the flood control scandal. House infrastructure committee chair and Bicol Saro Rep. Terry Ridon said Lim must explain the source of his claim, “as it does n…

Did corruption scandal trigger a market dive in PH? Investment czar explains

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 Chairman Francis Lim himself was the one who cited them.

P1.7-T stock market wipeout due to corruption mess 'fake news,' says Palace special adviser

MANILA, Philippines – Malacañang on Thursday tagged as “fake news” reports that the country’s stock market suffered a P1.7 trillion wipeout in recent weeks due to the corruption mess.Special Assistant to the President for Investment and Economic Affairs (SAPIEA) Frederick Go issued the statement to belie a social media post attributed to Securities and Exchange Commission (SEC) Chairman Francis Lim claiming that the massive corruption in governm…

Flood control mess erases P1.7T in market value — SEC chief - BusinessWorld Online

A WIDENING corruption scandal involving flood control projects has shaken investor confidence, erasing around P1.7 trillion in market value in just three weeks, according to Securities and Exchange Commission (SEC) Chairperson Francisco Ed. Lim. “The flood control project scandal has shaken public confidence, wiping out an extraordinary P1.7 trillion in market value of our publicly listed companies in just three weeks, despite rising corporate e…

SEC chief: Flood control mess wiped out P1.7 trillion in stock market value

'Investors aren’t fleeing because of weak fundamentals; they’re fleeing because of weak integrity,' says Securities and Exchange Commission Chair Francis Lim

SEC: Flood control scandal wiped out P1.7 trillion in market value

The flood control scandal wiped out P1.7 trillion in market value of publicly listed companies in just three weeks, the Securities and Exchange Commission (SEC)