Manila—(PHStocks)—The Philippine Stock Exchange (PSE) received its awards as the Best Stock Exchange in Southeast Asia from financial magazine Alpha Southeast Asia last 23 January 2014. The award was given at the 7th Annual Best Deal and Solution Awards held in Kuala Lumpur, Malaysia.
The recognition was given to the PSE following a record-breaking 2013 for the Philippine stock market despite the volatility of equities markets worldwide. Among the achievements cited were the PSEi’s breach of the 7,000 mark, the remarkable growth of trading activity, the significant capital raising activity during the year. The organizers also recognized the various corporate governance initiatives spearheaded by the Exchange.
“We are truly honoured to receive this award which serves as an affirmation for all the hard work done by the men and women of the Exchange. This recognition is also a challenge for the PSE to do better this year and make significant headways to be more competitive with our peers in the region,” PSE President and CEO Hans B. Sicat said.