PSE confident to unite equities, fixed income markets after acquiring PDS
The Philippine Stock Exchange Inc. (PSE) said it is more confident now to buy the PDS Holdings Inc., which owns the trading platform for the fixed-income instruments.
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The Philippine Stock Exchange Inc. (PSE) said it is more confident now to buy the PDS Holdings Inc., which owns the trading platform for the fixed-income instruments.
One of the problems that plagued the Philippine Stock Exchange (PSE) over many years was the lack of companies becoming publicly listed on the stock market. While that situation has improved in recent years, there are still many household-name firms that are still in private hands. And these are large corporations that are significant enough in the local economy that should have some public ownership.
By Jonathan L. Mayuga & Catherine N. Pillas
THE Philippine Stock Exchange Inc. (PSE) suspended the trading of Liberty Telecoms Holdings Inc. shares after its public float dipped below the 10-percent minimum requirement on listed companies.
Share prices fell for the ninth consecutive trading session on Wednesday, after the Philippine market joined the rest of the region that suffered a decline due to the tightening US election race, which rattled markets.
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