Let the good times roll

The Philippine Stock Exchange (PSE) has restored the minimum brokerage commision rates that brokers on the exchange can charge their clients. The new minimum will be 25bps. The Philippine Securities and Exchange Commission (SEC) approved the move on Monday after a request by the PSE to change the rules. "We have written a letter to the PSE approving their proposed rules to set a minimum commission rate," said Graciano Felizmenio, assistant director of the SEC in Manila.