The Philippine equities market is back on the radar screen of investors, as foreign buying in the stock market reached P15.7 billion in the first half of the year, up 89 percent from P8.3 billion year-on-year, PSE president Val Suarez said Wednesday.
Suarez said in an economic briefing foreign buying in July alone rose 40 percent on year.
Suarez said the PSEi is now second fastest-growing stock market in Asia.
Listed companies in the first six months of the year raised P32.8 billion in capital through the stock market via stock rights offering, nearly matching the P38.8 billion raised for the full-year 2009.
Suarez attributed the PSEi’s positive performance to the increased economic activity in the country and renewed confidence in the market.
Suarez said the exchange would continue to implement reforms to boost the local equities market.
The exchange will focus on attracting more companies to list in the stock exchange to improve liquidity in the PSE. Only a few of the country’s top 1,000 are listed in the stock exchange.
Suarez said the exchange is also waiting for the issuance of the implementing rules and regulations of the Bureau of Internal Revenue on the Real Estate Investment Trust Law.
Suarez said the exchange expects an IPO wave once the rules of the Reit Law are finalized. Several real estate companies like Ayala Land Inc., Robinsons Land Corp. and SM Prime Holdings Inc. are just awaiting for the rules before filing their Reit applications with the Securities and Exchange Commission. –Jenniffer B. Austria, Manila Standard Today
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
September –
5 Sept – Intl Day of Charity
7 Sept – Intl Day of Clean Air for Blue Skies
8 Sept – International Literacy Day
12 Sept – United Nations Day for South-South Cooperation
15 Sept – International Day of Democracy
16 Sept – International Day for the Preservation of the Ozone Layer
17 Sept – World Patient Safety Day
18 Sept – International Equal Pay Day
21 Sept – International Day of Peace
26 Sept – International Day for the Total Elimination of Nuclear Weapons
27 Sept – World Tourism Day
28 Sept – International Day for Universal Access to Information
29 Sept – International Day of Awareness of Food Loss and Waste
30 Sept – World Maritime Day
Monthly Observances:
Health, Safety and Sanitation Month
National Clean-up Month
Civil Service Month
National Peace Consciousness Month
Social Security Month
Rule of Law Month
National Teachers’ Month (Sept 5-Oct 4)
Weekly Observances:
Sept 17 – 23:
World Clean and Green Week
Week 2: Education Week
Week 4: Medicine Week
Last Week: National Family Week
Daily Observances:
Third Saturday:
International Coastal Clean-up Day
Third Monday: World Health Day
Last Friday: National Maritime Day
Sept 8: National Literacy Day
Sept 15: Philippine Medicine Day
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