Thursday, October 4, 2012

On the Philippine Stock Exchange Index’s latest record high

MANILA, October 4, 2012-Today, the Philippine Stock Exchange Index reached another record high of 5,443.74 points. This marks the 46th time the PSEi has broken its own record in 26 months.
This latest record-breaker is proof positive of confidence in the vibrancy and dynamism not only of our local bourse, but in the Philippines as an investment destination and a growing market. This bullishness in our stock market is in marked contrast to the uncertainty in other markets. It serves as market validation of good governance as the enabler of more inclusive economic growth. It offers continued prospects of a full-scale turnaround of our country.
The Aquino administration continues its efforts to provide the basis for enduring confidence: both by foreign investors and Filipinos. We continue the commitment we share with our citizens to enact reforms that matter, and to achieve lasting change by strengthening our institutions so that they are empowered to continue the virtuous cycle, which we fully believe will allow us to reach even more record highs in the future.


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