"This is an initiative of the Philippine Stock Exchange to revive interest in investing with the involvement of senior government officials, listed companies and trading participants," PSE president Ernest Leung said.
To be launched on Sept. 16, the "New Exchange" will be graced by President Arroyo herself, along with officials of the two main roadshow proponents – the PSE and the Securities and Exchange Commission.
Aside from the investment opportunities available to the target institutional investors led by the foreign fund managers and financing institutions, the roadshow will also present to the investing public the potential of making money in the stock exchange.
"We would like to tell the public that instead of putting their hard-earned money into pyramiding schemes, they could invest instead in the stock market," PSE chairperson Vivian Yuchengco added.
The PSE has, in fact, started the ball rolling with the re-launch last week of its improved website (pse.com.ph), in its bid to keep up with the trend in technology and the public’s investing habit.
"This new site reflects the PSE’s continued efforts to improve as a demutualized Exchange, moving towards the direction of the greatest bourses in the world," Leung said.
He added the website is intended to be a system that will support more and more functions, information and third party links that will be very relevant and useful to brokers, fund managers, analysts and even the serious investors, especially in overseas markets like the US.
Aside from real-time stock quotations and indices, the new site will also contain all disclosures of listed companies, trading activities and other corporate announcements, as well as news, memorandum and broker circulars from the PSE itself.