With no recovery plan, PH stocks go down | Evening wRap

Today on Rappler – the latest news in the Philippines and around the world:

The Philippine Stock Exchange index or PSEi settles below the 6,000 level as President Rodrigo Duterte skipped presenting a detailed recovery plan in his 5th State of the Nation Address.

The Philippines records 83,673 COVID-19 cases as of Tuesday, July 28. Of these, 55,109 are active cases. These figures indicate the country is likely to exceed 85,000 cases.

Vietnam is set to suspend all flights and public transport in and out of Danang, after a 57-year-old retired Vietnamese man was confirmed to have the disease on Saturday, July 25.

Malaysia's ex-leader Najib Razak is found guilty Tuesday, July 28, in his first trial over the multi-billion-dollar 1MDB scandal. The charges were abuse of power, criminal breach of trust and money-laundering.

A blog post is circulating online saying ABS-CBN chairman emeritus Gabby Lopez sold all his shares in ABS-CBN Corporation and Lopez Holdings Inc. in 2019. This claim is FALSE. – Rappler.com