Watershed year at BSE
Friday, December 19, 2014
The BSE transition bill also sailed through parliament, which will allow the incorporation of the Stock Exchange providing it with the flexibility to operate on a more commercial basis and enter into strategic alliances.
In the year, the stock market also introduced the Exchange News Service. This service will disseminate listed company information to the market in real time, facilitating punctual, equal and wide exchange of relevant news and information. Subscribers to the X-News Email Service now have the link to the publications dispatched to their designated email addresses within 10 minutes of uploading to the ATSM and BSEW.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...