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PSE, Taiwan bourse firm up partnership

Business | The Stock Market

PSE, Taiwan bourse firm up partnership

By James A. Loyola

The Philippine Stock Exchange, Inc. (PSE) announced that it has entered into a Memorandum of Understanding (MOU) with Taiwan Stock Exchange (TWSE) that will formalize and strengthen the relationship between the two bourses.

TWSE Chairman Sherman Lin and PSE President and CEO Ramon S. Monzon signed the memorandum of understanding to formalize the cooperation between the two exchanges.

In a statement, the PSE said PSE President and CEO Ramon S. Monzon and TWSE Chairman Sherman Lin led the MOU signing ceremony on August 20, 2024, at TWSE Headquarters in Taipei, Taiwan.

Under the MOU, PSE and TWSE will collaborate on product development and market promotion and share best practices in areas such as regulations, ESG practices, and market trends, among others.

“I believe this MOU is a good starting point for the relationship between PSE and TWSE and is key to fostering the friendship recently formed between us and exploring mutually beneficial endeavors for the two bourses,” said Monzon.

He added that, “TWSE’s insights on product and technology development, regulatory and sustainability initiatives will serve as invaluable inputs to our Exchange.”

PSE and TWSE will form a working group to carry out the objectives in the areas of cooperation covered by the MOU.

Related Tags

Ramon S. Monzon Philippine Stock Exchange Taiwan Stock Exchange

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