Economy

Corruption Scandal Is Tanking Investor Confidence: Unicapital Slashes PSEi Forecast to 6,800 as Infra Spending Collapses for 5th Straight Month

Economy

Corruption Scandal Is Tanking Investor Confidence: Unicapital Slashes PSEi Forecast to 6,800 as Infra Spending Collapses for 5th Straight Month

The flood control corruption scandal isn't just a political problem — it's now hitting the stock market. Unicapital Securities has slashed its year-end PSEi forecast from 7,100 to 6,800, citing slower infrastructure spending and the ongoing corruption investigation as the primary drags on investor sentiment.

By Tabloid PH Newsdesk