The Philippine Stock Exchange index , the benchmark that measures the performance of the local stock market, fared well at the start of the Duterte administration. In his 4th year in office, however, prices fell to record lows amid theThe local stock market crashed to an 8-year low on March 19, two days after the government imposed the Luzon-wide lockdown. The coronavirus crisis wiped outThe last time the index closed that low was on January 26, 2012, at 4,611.6.
Corporate earnings also took a hit in the 1st quarter of 2020. Of the top 30 publicly traded companies, 23 reported lower profits for the January-March period. Still, company earnings in the 2nd quarter of the year – which would be available starting around August – could be worse considering that many sectors had to stop or reduce their operations due to the strict quarantine measures implemented in April and May.The equity market, of course, is not the entirety of the Philippine economy. The PSEi only represents the activities of buying, selling, and issuance of shares of the top 30 publicly-held companies in the country.
The Philippines is doomed because of this man.
Isa lang ang sagot nila, FAKE NEWS po yan kasi po (..) yan ang magiging Statement nila. Maglalabas sila ng “figures” nila saying this and that. Alam na natin ang takbo ng istorya at ng script nito. Sometimes i wonder nga if nagbabago lang ang genre, kasi pareho lang dialogue nila
It's a global trend, risky but an opportune time for bargain-hunting
Dapat po ang pagtuunan ng pansin ang economy ng bansa hindi po ang ibang bagay na maglulubog sa bansa