MANILA, Philippines — The local stock barometer broke the 6,000 barrier on Monday, while the peso slipped further into the 58 level against the US dollar. This movement came as alleged corruption in government flood control projects unsettled investors.
The benchmark Philippine Stock Exchange Index (PSEi) dropped to a six-month low of 5,997.60, down by 0.49 percent, extending the market’s decline amid growing concerns.
https://business.inquirer.net/549800/psei-falls-below-6000-peso-weakens-further-as-corruption-woes-escalate