Sign up | Log in



Home  >>   Daily News  >>   Philippine News  >> Captital Markets  >> PSE signs agreements with BAP and SGX to explore consolidation of PSE and PD
NEWS UPDATES Asean Affairs   23 May 2013  

PSE signs agreements with BAP and SGX to explore consolidation of PSE and PD

The Philippine Stock Exchange, Inc. (PSE) has signed a Memorandum of Agreement with the members of the Bankers Association of the Philippines (BAP) and, another with Singapore Exchange (SGX) to work towards the consolidation of the PSE and Philippine Dealing Systems Holdings Corp. (PDS), which operates the fixed income exchange and securities depository.  Collectively, the BAP through its member banks, and SGX, own approximately 45 percent of PDS Holdings while the PSE owns 20 percent.

"The general structure in most markets is both fixed income and equity securities trading are operated under one group or entity.  This has not been the case in the Philippines owing to various reasons but moving forward, we now have this opportunity to review the optimal structure for our market so we can further deepen our capital markets and make it even more attractive to investors,? PSE Chairman Jose T. Pardo explained.

Meanwhile, Mr. Hans B. Sicat, PSE President and CEO added, "We are indeed delighted to engage the BAP and SGX in these discussions not only as co-owners of PDS but owing to the invaluable inputs and expertise they give in this undertaking."

The agreements signed by PSE with BAP and SGX basically provide the framework for discussions and developing a plan that may be pursued by the different parties involved to consolidate the operations of the PSE and the PDS.

BAP President Lorenzo V. Tan also expressed optimism on the impact of the consolidation of the two exchanges on the bond market.  "There are possible synergies that could arise from this effort which could hopefully help bring down costs related to the fixed income trading operations of banks and other financial institutions.  We can leverage on the strengths of both exchanges to meet this objective," Mr. Tan said.

"We understand that the government and other market players have been watching developments on the possible consolidation of PSE and PDS.  We shall be closely coordinating with all stakeholders and we hope we can get their support in any initiative that may result from this undertaking to ensure that the overall goal of developing our capital markets is achieved," Mr. Pardo added.

Related to this, the PSE also disclosed that in anticipation of more products being traded at the Exchange, including the possible offering of fixed income instruments, the PSE is reorganizing its market regulations structure by creating a new independent Capital Market Surveillance Group within the Exchange structure. This new group will absorb the functions of the Capital Markets Integrity Corporation and prepare for surveillance of products beyond equity securities.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories    23 May 2013 Subsribe Now !
• Securing Price Stability as Singapore Restructures Subcribe: Asean Affairs Global Magazine
• PSE signs agreements with BAP and SGX to explore consolidation of PSE and PD Asean Affairs Premium
• Myanmar Readies for the ASEAN Chair 2014
• Lao PDR Awarded World's Best Tourist Destination
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Thai bourse clarifies INTUCH shareholder status 
• India, Viet Nam boost trade
• Brunei, France see potential in halal food sector collaboration
Asean Analysis            22 May 2013 Advertise Your Brand
• Asean Analysis- May 22, 2013  
• Asean Weekly- May 22, 2013 Sponsor Our Events
Asean Stock Watch     22 May 2013
• Asean Stock Watch-May 22, 2013  

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2017 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand