PSE earmarks P1B share in new building in Bonifacio Global City

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MANILA, Philippines—The Philippine Stock Exchange has earmarked about P1 billion as prospective contribution for the construction of a grade “AAA” 23-story building that will become its unified headquarters in Bonifacio Global City by 2016.

“We’ll have a few floors for the exchange itself and the others will be sold to brokers,” PSE president Hans Sicat told reporters Thursday night.
As the whole building would cost around P3 billion to construct, Sicat said the PSE would likely shoulder about a third of it. Likewise part of the PSE’s contribution is the donated land that will house the building.

Taken from:

http://business.inquirer.net/99143/pse-earmarks-p1b-share-in-new-building-in-bonifacio-global-city

J.B.M.

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