PSE reconstitutes index on November 3
Starting November 3, the Philippine Stock Exchange Inc. (PSE), which runs the country’s bourse, will include itself in its benchmark 30-company index.
IN: DMC, SECB
OUT: VLL RCB ABS
The announcement “marks the first time the PSE will be included in the main index, joining listed exchanges such as Singapore Exchange, Hong Kong Exchanges and Clearing Ltd. and Australian Securities Exchange, among others, that currently form part of their main stock market indices," the PSE said in a statement.
Together with DMCI Holdings Inc. and Security Bank Corp., the PSE will replace three other companies – Vista Land and Lifescapes, Inc., Rizal Commercial Banking Corp. and ABS-CBN Broadcasting Corporation. – in the bourse’s main index, the PSE said.
Subic Clark Tarlac Exchange to open
April 18, 2008 by dragon · Leave a Comment
On April 28, the 94-kilometer four-lane expressway north of Manila, Philippines will open to the public with a toll fee of around 180 pesos. It starts in the Subic Bay Freeport Zone in Zambales passing through the interchange with the North Luzon Expressway near the Clark Special Economic Zone and ends at the Central Techno Park in in Angeles City, PampangaTarlac City, Tarlac. This new road will provide shorter travel time leading to faster transportation of goods between the two economic zones. It will have similar features with the recently rehabilitated North Luzon Expressway. Phase 1 of the SCTEx construction started on April 21, 2005, and completed on December 2007. Phase 2 was done by March 2008. A public test run was done on March 18 and was finished by March 24. The test run schedule for March 18 is 1:00 PM to 5:30 PM. Meanwhile, on March 19 to March 24 from 5:30 AM to 5:30 PM. There were no toll fees during the said test. Only the Subic-Clark portion from Clark Spur Road was open to the public up to Subic Exit. Presently, the entire toll road was closed again and it will be set for formal opening of the entire expressway on April 28, 2008.
