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Philippine Stock Benchmark Nears Correction as Tax Plan Weighs

(Bloomberg) The Philippine benchmark stock index came close to a technical correction, after a tax plan on food products and a probe into the nation’s top budget airline helped send the market down for a fourth day.Most Read from BloombergTitanic Sub Search Chases Mystery Noises as Air Runs LowModi Meets With Elon Musk and Ray Dalio as Global Money Flocks to IndiaChina Says Biden Calling Xi a Dictator Is ‘Provocation’Short Bets on US Stocks Hit $1 Trillion, Most Since April 2022Modi’s Yoga Ma ....

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