Latest news with #PhilippineStockExchangeInc
GMA Network
6 days ago
- Business
- GMA Network
Lower stock trading tax takes effect July 1, 2025
Stock market investors and traders could look forward to increased earnings as the legislated cut in Stock Transaction Tax (STT) would take effect next month. In an advisory, the Philippine Stock Exchange Inc. (PSE) said the Republic Act No. 12214 or the Capital Markets Efficiency Promotion Act (CMEPA), which slashed the STT from 0.6% to 0.1%, would be in effect on July 1, 2025. With this, the PSE said that the STT of 'one-tenths of one percent (1/10 of 1%) shall apply to transactions through the Exchange made on July 1, 2025 onwards.' The STT is applied on the gross selling price or gross value in money of the shares of stock sold, exchanged, or disposed of. The reduced STT rate of 0.1% would mean that for every P1,000 of listed shares disposed or sold, the tax would be lower at P1, instead P6 under the previous rate. — BAP, GMA Integrated News
GMA Network
26-05-2025
- Business
- GMA Network
PSE, Nasdaq renew partnership with Eqlipse Trading
The Philippine Stock Exchange Inc. (PSE) on Monday announced the upgrade of its trading infrastructure to Nasdaq's most advanced platform Nasdaq Eqlipse Trading, as part of the expansion of the technology partnership between the two parties. With Nasdaq Eqlipse Trading, the PSE will be able to incorporate complementary functionality including pre-trade risk, advanced options pricing, and index calculations. It will also have a flexible deployment model to reduce operational heavy lifting, and provide optionality around cloud adoption. 'With technology as a key area in our strategic agenda, it is important for PSE to work with a trusted service provider of market technologies. Given this, PSE opted to renew its partnership with Nasdaq to ensure continuity in offering a dependable trading system that meets all our current and future requirements,' PSE president and chief executive officer Ramon Monzon said in a statement. The platform is the fourth generation of Nasdaq's multi-asset marketplace technology platforms, which are used by 97% of systemically important banks across the globe, half of the world's top 25 stock exchanges, 35 central banks and regulatory authorities, and over 3,800 clients across financial services. 'Our technology partnership with PSE will help strengthen its market infrastructure, and we're excited to support their efforts to elevate Philippine capital markets on the global stage,' Nasdaq Marketplace Technology head Magnus Haglind said. 'Our growing presence in the Philippines complements the country's extraordinary development as one of the fastest growing economies in the ASEAN region,' NASDAQ Asia Pacific senior vice president R.G. Manalac said. —AOL, GMA Integrated News
