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NEWS UPDATES Asean Affairs   23 April 2013  

The Philippine Stock Exchange: Upgraded to 7,000

The Philippine Stock Exchange (PSE) index breached the critical 7,000 level in early trade on Monday, April 22, 2013, as investors  expect more listed companies to report good first quarter earnings.

The PSE index or PSEi closed at a new all-time high of 7,120.48 points, gaining 163.38 points or 2.4 percent. This level eclipsed the record close posted on April 19, 2013 at 6,957.10. With this, the index has now set a record high for the 27th time this year.

"Today marks another historic milestone with the PSEi breaking past the 7,000 level behind positive signals globally as well as  healthy financials of listed companies," PSE President and Chief Executive Officer Hans B. Sicat said.

Traders flashed the "Upgraded to 7,000" on the trading floor (in the photo above) as they cheered the recent market feat. The index inched close to the 7,000-point level last March 27 when the Fitch ratings agency upgraded sovereign debt ratings to investment grade level.

The PSE is the country's only stock exchange with 254 listed firms and 134 active trading participants.  PSE shares are also listed on the stock exchange.

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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






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