Summary of Financial Ratios
Summary of Financial Ratios
Summary of Financial Ratios
The Philippine Stock Exchange first appeared in 1993, but its history runs much
longer. The exchange was a merger of the Manila Stock Exchange and the
Makati Stock Exchange, which created a single exchange in the Phllippines. The
merger also served as a symbol to a country that had seen its share of political
divisions that the nation could act in a singular direction.
Competition
Though the Philippines had two stock exchanges, they both traded the same
stocks. They were duplicating efforts, but they had different policies, different
members and different stock prices. It soon became evident that the country
needed only a single stock exchange.
Unification
Philippine President Fidel Ramos led the effort to unite the two exchanges as
one. The Philippine Stock Exchange was founded July 14, 1992, and by Dec. 23,
both the Makati and the Manila exchanges agreed to become part of it.