ECONOMICS
FINANCIAL MARKETS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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December 25, 1990
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December 25, 1992
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December 23, 1990
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December 23, 1992
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Detailed explanation-1: -The Philippine Stock Exchange, Inc. The Philippine Stock Exchange, Inc. (PSE) was incorporated on July 14, 1992 as a non-stock corporation with the primary objective of providing and maintaining a convenient and suitable market for the exchange, purchase and sale of all types of securities and other instruments.
Detailed explanation-2: -PSE traces its roots from the country’s two former bourses: the Manila Stock Exchange ("MSE") and the Makati Stock Exchange ("MkSE"). Founded in March 1927, the MSE was the first stock exchange in the Philippines and one of the oldest in Asia. Originally housed in downtown Manila, the MSE moved to Pasig City in 1992.
Detailed explanation-3: -In 1963, the second stock exchange, the Makati Stock Exchange, was organized by some businessmen. It started to operate in November 1965 in Makati, then an emerging financial center (PSE 2012; World Bank 1992).