Follow Philippines Investment Immigration and Philippine Economic news: According to a report by the Philippine Daily Inquirer on November 17, Philippine Stock Exchange (PSE) President Hans Sicat stated that from January to September this year, the PSE's net income reached 720 million pesos, a year-on-year increase of 28%; operating revenue was 1.19 billion pesos, an increase of 18.7% year-on-year.
Due to the rise in initial public offerings (IPO) and additional listing fees, listing-related revenue increased by 79.1% year-on-year, accounting for 42.9% of operating revenue; however, due to a decline in trading fees, trading-related revenue decreased by 8.3% year-on-year, accounting for 18.5% of operating revenue. Total trading volume also fell from 1.99 trillion pesos in the same period last year to 1.54 trillion pesos.
Ethnic Chinese, who make up less than 2% of the Philippine population, control over 70% of the country's economy, holding an absolute monopoly. In recent years, the development of economic, trade, and investment relations between China and the Philippines has been stable, with private exchanges, cooperation, and economic and trade relations achieving impressive results, and China has rapidly become the Philippines' largest trading partner.
