As economic sanctions loom over the Philippines as a result of the increasing tension between the Philippines and Taiwan what kind of effect will it have on the two countries?
No PSE trading on Dec. 24, 25
LAST MINUTE. Erring listed firms either comply or face delisting as the deadline looms. Photo by AFP
MANILA, Philippines - There will be no trading at the Philippine Stock Exchange (PSE) on Monday (December 24) and Tuesday (December 25, Christmas Day).
On Friday, December 21, the benchmark PSE index rose above the 5,800 level, closing at 5,823.94.
The PSEi, which has re-written record highs at least 37 times this 2012, added 26.20 points or 0.45% higher.
The all-share index gained 6.53 points or 0.18% to close at 3,700.50.
At the foreign exchange market, the peso closed at P41.07 to the dollar, unchanged from the previous day. - Rappler.com
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