Insider Spotlight
📊 PSE disputes market loss figure
“Data from PSE shows that only P185 billion in market capitalization was lost during the three-week period in question,” PSE president Ramon Monzon said. “The P1.7 trillion number attributed to S&P Global Market Intelligence has subsequently been disowned by the latter.”
The statement directly counters earlier reports citing the larger figure, which suggested massive investor sell-offs linked to political and governance concerns. Monzon said official PSE data should be the benchmark for assessing market performance.
⚖️ Support for reform
Monzon also expressed agreement with the head of the Securities and Exchange Commission, who earlier denounced corruption as a key factor hurting investor confidence and economic performance.
“SEC chair Francis Ed. Lim is correct in assailing the level of corruption in the country, and its adverse effects on the economy and financial markets,” Monzon said.
💡 Market integrity emphasis
The PSE chief said the exchange “is one with the administration and our regulator in implementing key reforms meant to enhance and deepen our capital markets further.”
His statement comes amid heightened volatility and scrutiny of the country’s investment climate, as both regulators and market operators call for stronger transparency, governance, and investor protection measures.
Market watchers said the PSE’s clarification aims to restore confidence and highlight ongoing efforts to modernize the local capital market infrastructure while aligning with government-led integrity initiatives.
— Ed: Daxim L. Lucas