PSE warns vs investment scam using letter with old stock exchange logo

The PSE said the letter, circulated from late 2017 to early 2018, was making rounds again in social media groups.

The letter invites people to invest in “Starters and Small Business Units” and said an investment of P2,500 would get guaranteed returns of P1,000 per week for four months. "The unscrupulous individuals behind this scheme claim that the investments will be for Jollibee Shares Pte. Ltd., which is supposedly registered with the Department of Trade and Industry under the business name JFC Shares Pte. Ltd," the PSE said.

The PSE said it issued no such letter and that there is no business registered under the name JFC Shares."We would like to remind the public that all stock market transactions should be coursed through PSE accredited trading participants or stock brokerage firms," it said.

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Philippines ranks as third best country for investmentThe Philippines landed as the third best country in the world to invest in or do business for 2019, this according to the CEOWORLD magazine. It came after Malaysia in first place and Poland which took silver. Indonesia (No. 4) and Australia (No. 5) completed the top five among 67 countries.
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