Philippines' bourse ponders future

The PSE is under pressure to justify its market-darling reputation by implementing reforms to realise its potential and become a world-class exchange.

Philippines' bourse ponders future

Trading at a forward price-earnings ratio of 20 times, the Philippine Stock Exchange is one of the most expensive equity markets in the Asia-Pacific region.

Last year the PSE Index jumped 23%, placing it among the world’s 10 best-performing markets. Average daily trading volumes are running at P11 billion $248 million, twice as much as they were four years ago.

Last year’s performance extends a six-year rally in which the country’s...

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