Business alarmed by palace bribery

The Business Community is alarmed by the reports of bribery that happened in Malacañang,  a respected stock market and financial analyst said.

"Business leaders and investors are alarmed that it happened right at the seat of power," Astro del Castillo said during a new forum in Quezon City.

He said his office ha received a delug of inquiries from foreign investor-clients on what really happened.

The palace is facing issues of bribery after two governors and a congressman admitted they received cash gifts while attending a meeting last week. Jess Diaz