THE strong performance of the Philippine Stock Exchange index (PSEi) is reflective of sustained investor confidence in the local bourse, a Palace official said.
Deputy Presidential Spokesperson Abigail Valte issued the statement after the PSEi broke the 6,000-point mark and closed at another record high of 6,044.91 points on Monday – the fourth day of trading in 2013.
The PSEi closed at a new all time high at 6,044.91, gaining 73.46 points or 1.23 percent. This level eclipsed the record close posted on January 4 at 5,971.45.
Valte said this record-breaking advance is an indicator of the bullishness and vibrancy of the Philippine economy.
“The strong performance of the PSEi is a validation of the Aquino administration’s bold reforms and tireless commitment to good governance that has resulted in growth,” she said. (PCOO)
Palace assures no whitewash in ongoing Quezon shootout probe
NO whitewash.
This was the assurance echoed by Malacañang on Tuesday regarding the ongoing investigation being conducted by the Philippine National Police and the National Bureau of Investigation on a shootout between the government security forces and the alleged criminals at a checkpoint in Quezon province last Sunday.
In a briefing held in Malacañang, Presidential Spokesperson Edwin Lacierda said the President was intently following the proceedings of the investigation and was awaiting its official results.
“There won’t be any whitewash. You can be assured that there won’t be any whitewash. The President is interested in the details of the case and whatever the results will be we will look into it, and we will make a judgment call but certainly we can assure you that there will be no whitewash in so far as PNP, and in so far as the NBI investigations are concerned,” Lacierda said.
He pointed out that although the President did not specify a timetable as to when the investigation should conclude, Lacierda said, the President wants “a full and exhaustive investigation into the incident.” (PCOO)