The Philippine Stock Exchange (PSE) has been conferred the “Marquee Award” as “Best Stock Exchange in Southeast Asia” by institutional investment magazine Alpha Southeast Asia.
The PSE received the award in the 7th Alpha Southeast Asia Best Solution and Deal Awards in Kuala Lumpur, Malaysia. For seven years now, Alpha Southeast Asia, headquartered in Hong Kong, has been awarding people and institutions behind the best and most innovative corporate investments and banking solutions in the region.
The award cited the PSE’s record-breaking performance in 2013: Bellwether PSE Composite Index’s (PSEi) breach of 7,000-point mark, remarkable trading growth, significant capital-raising, corporate governance initiatives, enterprise, and best practice approach to risk management.
PSE pro-disclosure stance was also cited by the panel as one of the reasons for foreign investors’ ease of doing business in the country.
“The performance of the equity market underscores how the Philippine equity market has been partially insulated from global volatility as it is dominated not only by local investors but also by foreign investors who believe in the investment fundamentals of the Philippines,”
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The government is expected to draw on S$53.7 billion (US$40 billion) from its reserves for this year and an additional S24 billion (US$17.8 billion) over the next three years to assist local companies transition into a post-pandemic business environment.
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