Member Exchanges

Philippine Stock Exchange

www.pse.com.ph  

Tel : 63.2 688 7600
Fax : 63.2 637 8803

 

Representatives

Chairman : Mr. Justice José C. Vitug

Chief Operating Officer : Mr. Val Antonio B. Suarez

  • * - Half trading day (Short trading day)   |
  • ** - To replace a public holiday that falls on a Sunday   |
  • *** - Close early   |
  • **** - Will close at 1.00pm
  • ο - Subject to the appearence of the moon   |
  • † - Subject to change   |
  • (I) - Weekends in Iran : Every Thursday & Friday
  • (II) - Weekends in Israel : Every Friday & Saturday   |
  • (III) - In Malaysia, Saturday & Sunday are non-trading days

Types of Securities TradedName of Trading Systems (cash and derivatives)Trading Hours
Common SharesMaktrade (Screen-based automated matching system)9:00 - 12:10
(inclusive of 30 minute pre-open period and 10 minute run-off)
Preferred Shares (convertible and non-convertible)
Warrants
Philippine Deposit Receipts (PDRs)

Supervisory Body

Securities & Exchange Commission (SEC)


Name of Clearing & Settlement Organization

Securities Clearing Corp. of the Philippines (SCCP)


Settlement Cycle

T + 3


Name of Central Securities Depository

Philippine Depository and Trust Corp. (PDTC)


Commissions on Transactions levied by Exchange

Regular trades : 0,5 basis points for every transaction executed
Negotiated trades : 1/200 of 1% for every contract executed
 

Taxes on Dividends, Interests

Dividends and interests from Deposit Substitutes:
Citizen & Resident Foreign Individuals:
Interest on Peso Deposits - 20 %
Interest on FCDU * - 7,5%
Dividends - 10 %
Domestic & Resident Foreign Corporations:
Interest on Peso Deposits - 20 %
Interest on FCDU - 7,5 %
Dividends - None
Non-Resident Foreign Individual:
a. engaged in trade/business in the Philippines
Interest on Peso Deposits - 20 %
Interest on FCDU - exempt
Dividends - 20 %
b. not engaged in trade/business in the Philippines
Interest on Peso Deposits - 25 %
Interest on FCDU - exempt
Dividends - 25 %
Non-Resident Foreign Corporation:
Interest - 35 % (until 31 Dec 2008) or 30% (beginning 1 Jan 2009)**
Dividends - 35 % (until 31 Dec 2008) or 30% (beginning 1 Jan 2009)**
Transaction taxes:
On purchases of listed equities:
Documentary stamp tax ***
On sales of listed equities:
Stock Transaction Tax - 1/2 of 1% of the total transaction value
On sales of non-listed equities:
Capital Gains Tax of -
5% - transactions not over P100,000
10% - transactions over P100,000

* FCDU - Foreign Currency Deposit Unit
** Rates for dividends paid to non-resident foreign corporations may be reduced to a special 15 % rate if the country in which the non-resident foreign corporation is domiciled (a) imposes no taxes on foreign-source dividends or (b) allows a credit against the tax due from the foreign non-resident corporation of an amount equal to at least 20% (until 31 Dec 2008) or 15% (beginning of 1 jan 2009) of such dividends.
*** The documentary stamp tax of P1.50 for every P200.00 par value or a fraction thereof of the shares transferred was suspended for a period of 5 years with effectivity on 20 March 2004.

2007 Share ownership thresholds (%)


Short selling (Yes / No)


Short selling conditions (if any)