The fallout from the ongoing controversy over anomalous flood control projects has extended far beyond the halls of Congress, the Department of Public Works and Highways, and the private contractors involved.
According to Ramon Monzon, president and CEO of the Philippine Stock Exchange, the controversy has led to significant financial repercussions. In the preceding weeks, the market capitalization lost amounted to approximately P185 billion.
https://business.inquirer.net/552418/eroded-investor-confidence