DICT secretary Henry Aguda’s remarks come as the Philippine Stock Exchange continues to underperform compared with regional counterparts, weighed down by low trading volumes and a scarcity of new listings.
Ayala-owned Globe Telecom marked its 50th year as a publicly listed company with a bell-ringing ceremony at the Philippine Stock Exchange (PSE) trading floor in Bonifacio Global City on Monday, Aug. 11.
The Securities and Exchange Commission (SEC) has considered favorably the initial public offering of Converge ICT for a maximum of about P41.55 billion.
Talks are rife that the Manny Pangilinan-led telco is negotiating for the purchase of the Lopez-owned cable operator. PLDT, however, said in a disclosure on Monday, Sept. 14, that discussions are still in the exploratory stage.
