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The PSE Composite Index, or the PSEi (previously PHISIX), is a stock market index of the Philippine Stock Exchange (PSE) always consisting of 30 of the largest companies traded on the stock exchange. [1] This is in contrast to the PSE All Shares Index which is an index of all stocks traded on the PSE.
Previously, the Philippines was seen as a trading post for international trade but in the nineteenth century it was developed both as a source of raw materials and as a market for manufactured goods. The economy of the Philippines rose rapidly and its local industries developed to satisfy the rising demands of an industrializing Europe.
The Ground Level of the New Headquarters of the Philippine Stock Exchange in Bonifacio Global City. The Old Headquarters and Trading floor of the PSEi and the Makati Stock Exchange in Ayala Tower One in the Makati Central Business District. Philippine Stock Exchange Center is located on Exchange Road, Ortigas Center, Pasig. [7]
The primary exchange of the country for all sectors is the Philippine Stock Exchange. PDEx is licensed by the Securities and Exchange Commission (SEC) as an Exchange under the provisions of the Securities Regulation Code (SRC). It acts as an electronic trading platform for the Philippine peso and the United States Dollars. [2]
After the United States took control of the Philippines, the United States Congress passed the Philippine Coinage Act of 1903, established the unit of currency to be a theoretical gold peso (not coined) consisting of 12.9 grains of gold 0.900 fine (0.0241875 XAU), equivalent to ₱2,640 as of December 22, 2010. [11]
Teodoro Rafael "Theo" Yangco y Argüelles (November 9, 1861 – April 20, 1939) was a Filipino businessman who served in a variety of public and civic offices and was considered to be the foremost Filipino philanthropist of his time. [1]
Sugar traders preferred to sell sugar overseas rather than locally, where prices were regulated by the government. The Marcos administration created the Philippine Exchange Co. (Philex), a government entity that takes charge of all international trading of sugar. Philex solely took charge of exporting US and foreign-bound sugar.
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