Philippine Stock Index Fell Shortly

Investors became worried about the recent calamity that shook the whole the world and paralyzed the Philippines after typhoon Yolanda devastate the city of Tacloban and province of Samar. Many victims were still unreachable but there is an increasing recovery for the situation with the help foreign volunteers and large donation of money from different parts of the world. The situation is now under control. However, the PSE index fell shortly down to 0.23% because Telecom companies were in turmoil as their infrastructures such as cell sites, and signal transmissions were wrecked by the typhoon.