The Philippine Stock Exchange (PSE) may tap the debt market to buy out the shareholders of Philippine Dealing System Holdings Corp. (PDS).
PSE president and chief executive Ramon Monzon said while the local bourse has funds to finance the acquisition, it may still need borrow funds to close the deal, depending on the final offer price.
Monzon expects the deal to close within the year.
The PSE owns 20.98 percent of the...
Stocks closed virtually unchanged Wednesday, with investors wary over proposals to suspend the excise tax on fuel that could set back economic recovery from...
The stock market bounced back Tuesday on bargain hunting after the index plunged to a six-and-a-half month low Monday.
The Philippine Stock Exchange Index surged...
