Did you all see that around ₱1.7 trillion was lost from the Philippine stock market because of corruption talks? That's insane. Makes you think about how much trust investors actually had, to lose that much in such a short time.
Yeah, it’s nuts. Corruption is everywhere in the government and that’s the main reason for this drop. Unless they start locking up those responsible for the infrastructure scams, this won't change anytime soon.
Funny how the government claims it’s fake news. They just don’t wanna admit they’re to blame. Those involved in the scandal are still walking free, even with all the evidence. No wonder foreign investors are scared.
I’m not from the Philippines but I’ve followed the flood control scandal and all the protests. It’s clear that this kind of unrest would scare investors away. If they think it’s safer elsewhere, they’ll pull out.
Bob Marley said, "You can never get justice in a world where criminals make the rules" and that’s spot on for the Philippines right now. Trust in leaders has crumbled, and expecting justice feels like a fairy tale.
SEC chair Francis Lim said investors are leaving because of 'weak integrity'. Honestly, who’d invest in a place where they can’t trust the system? $30 billion disappearing is huge for a developing country.
From what I’ve seen, two things ruin investor confidence war and corruption. If there’s chaos, investors are outta there fast. Corruption leads to failed policies that scare off potential investors.
It all hinges on how serious the government is about fixing this mess. They need to go after corrupt officials, clean house, and really earn back trust. New leadership could be key, but we’re stuck in a cycle.
The SEC’s numbers might be off, but the issue remains. With 5,500 projects tied to corruption, investors are right to be cautious. They’re not gonna throw their money into a black hole.
I agree, they’ll do whatever to keep their allies in power. It’s a well-oiled machine. If they lose control, they might actually have to face consequences for their actions.
The drop in the market shows it’s more than just panic. Investors are losing faith in the entire system. Without trust, no amount of infrastructure will bring long-term growth.
I still believe someone’s gonna get jailed. But if it’s the little guys while the big players are left alone, that won’t mean much. The world knows how corrupt this government is.
Seems like a full-blown crisis fueled by corruption and a weak peso. I doubt this is an opportunity. It’s tough for any government to win back investor trust. Change is slow.
It’s a chain reaction once corruption is exposed. Investors can’t afford to lose money in a shady environment. The government has to act swiftly, but they might be too distracted with elections coming.
So much lost over ghost projects. They need to rebuild investor confidence, not just their own. I’ve heard international lenders are holding back on good ratings for the country now.
I heard there’s a trend of Gen Z in Southeast Asia pushing back against corrupt leaders. Is that happening in the Philippines too? But with all the floods, seems like there’s a lot going on.
Even if the news about the loss was exaggerated, corruption is still real. Investors aren’t just gonna ignore it. It’s a serious issue and affects how the market performs.
SEC chair messed up by spreading false info, but it’s good he corrected it. He needs to double-check before making big announcements that impact the economy.