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Flood-Control Scandal Wipes Out P1.7 Trillion in Market Value

10/8/2025

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Summary

Story summary

The flood-control scandal erased about P1.7 trillion in market value over three weeks, underscoring the stakes for market confidence.
Investors pulled back despite improving earnings, with economists estimating a 6% loss to the PSE's market cap.
Securities and Exchange Commission (SEC) backs lifting bank secrecy to trace funds tied to the scandal; Lim emphasizes transparency and integrity in public service.

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Story summary

The flood-control scandal erased about P1.7 trillion in market value over three weeks, underscoring the stakes for market confidence.
Investors pulled back despite improving earnings, with economists estimating a 6% loss to the PSE's market cap.
Securities and Exchange Commission (SEC) backs lifting bank secrecy to trace funds tied to the scandal; Lim emphasizes transparency and integrity in public service.