PSE wins “best exchange in SE Asia” award, promptly fails to open due to technical glitch

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Philippine Star

Sometimes the world just has impeccable comedic timing. Before the market was scheduled to open, news that the PSE had won the “Best Stock Exchange in SE Asia” award from the Alpha Southeast Asia magazine was already getting a round of jeers and playful taunts on Twitter. The exchange apparently won the award thanks to “high-profile landmark issues”, such as the record-breaking IPO of __Monde Nissin [MONDE 15.70]__, which contributed to the PSE breaking its own record for capital-raising activities in a year with P234 billion (8 IPOs, 11 FOOs, 4 SROs, and 8 private placements). Then thi…

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