Senator Sherwin Gatchalian said the Philippine stock market’s plunge to a five-year low following allegations against President Marcos was not surprising, citing the market’s sensitivity to public sentiment and rumors.
He explained that declining public confidence affects household consumption, which makes up 60 to 70 percent of the economy, noting examples like local governments canceling holiday events.
Gatchalian also pointed out that infrastructure projects have slowed due to corruption concerns at the Department of Public Works and Highways, further impacting economic activity.
Investor hesitation amid protests and uncertainty over alleged government misconduct has contributed to reduced spending and market instability.
The senator urged the administration to expedite investigations into corruption cases to restore public and investor confidence in governance and the economy.
Source: PhilNews24 | November 17, 2025
GATCHALIAN: PUBLIC CONFIDENCE, CORRUPTION ALLEGATIONS WEIGH ON PHILIPPINE STOCKS
Latest from Politics
The Senate will investigate claims by former congressman Zaldy Co that P100 billion worth of projects
Kababaihan Partylist, with the support of DOJ Undersecretary Margarita Gutierrez, donated P500,000 to the GMA Kapuso
Malacañang dismissed calls for President Marcos to resign over alleged flood control corruption, warning that a
House Deputy Minority Leader ACT Teachers Rep. Antonio Tinio dismissed former lawmaker Zaldy Co’s claim that
Senator Bong Go co-sponsored the Philippine Geriatric Center (PGC) Bill, aiming to establish a dedicated tertiary