Nakakabahala ang rebelasyon ni Securities and Exchange Commission (SEC) Chairman Francis Lim na PHP1.7 trillion ng market value ang nawala dahil sa flood control scandal.
Sa ginanap na annual conference ng Financial Executive Institute of the Philippines noong Miyerkules, Oktubre 8, 2025, ibinahagi ni Lim ang nakakaalarmang katotohanan tungkol sa kalagayan ng stock market sa Pilipinas mula nang sumambulat ang eskandalo ng malawakang korapsyon sa ating bansa.
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Saad ni Lim: “We are reminded of that challenge in very real terms today.
"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 earnings.
“Investors aren’t fleeing because of weak fundamentals; they’re fleeing because of weak integrity.
"It’s a stark reminder that corruption is a weapon of mass wealth destruction."
Ibig sabihin, dahil sa kontrobersiyang ito ay nawalan ng kumpiyansa ang investors na nagresulta sa pagbebenta ng kanilang shares at pagbagsak ng mga presyo.
Read: Escudero, Revilla, Binay tagged in flood control controversy
edu manzano reacts
Kaugnay nito, kinuha ng Cabinet Files ang reaksiyon ni Edu Manzano, isa sa mga showbiz personality na masugid sa pagbatikos sa mga opisyal ng pamahalaan at contractor na sangkot sa paglustay ng salapi ng bayan.
Pahayag niya ngayong Huwebes, Oktubre 9: “More than the economic damage, this tells a bigger story. It’s more a social wound and our current moral decay.
“Corruption erodes public trust at lumalawak ang agwat sa pagitan ng mayaman at mahirap. People are losing faith in institutions and in one another.
“Ang tunay na kawalan ay hindi lang sa kayamanan kundi sa tiwala at pag-asa. Ang paniniwala that honest and hard work plus good governance can shape our future.”
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UPDATE: SEC CHAIRMAN RETRACTS STATEMENT
Makalipas ang ilang oras ay binawi ni SEC Chairman Lim ang kanyang pahayag matapos punahin ni Secretary Frederick Go, Special Assistant to the President for Investment and Economic Affairs.
Ayon kay Go, ang pinagbasehan ng pahayag ni Lim tungkol sa pagkawala umano ng PHP1.7 trillion na market value ay "confirmed fake news socmed post designed to catch attention and falsely sensationalize."
Bunsod nito ay naglabas ng statement si Lim upang linawin ang kanyang naunang pahayag.
Bahagi ng kanyang pahayag: “The information, which had been circulating within business circles and cited by some media outlets, was based on what I believed at the time to be a credible industry report.
“I have since learned that the report was fictitious. I deeply regret any confusion or concern that my statement may have caused.
“My sole intent was to underscore the vital importance of integrity in our markets and the devastating impact corruption can have on investor confidence.”
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