News Release

From Presidential Spokesperson Ernie Abella – On the Philippine Stock Exchange


The local stock market continues its record-breaking run when the index closed at a new record high of 8,344.05, ignoring the political noise, and highlighting investor confidence on the leadership of President Rodrigo Roa Duterte and his economic team.

We are poised to maintain our economic growth momentum as we continuously lay down a strong foundation for sustainable and inclusive growth. Increased public investment in infrastructure, together with construction activities, is expected to pick up sharply in the coming months as we roll out the Build-Build-Build Infrastructure Plan.

We remain hopeful that we would reach our growth target for the year as we move forward with our plans and programs.