Business

Emperador rejoins PSEi, Semirara out

Bilyonaryo Andrew Tan’s hard liquor unit Emperador Inc. is making a comeback at the 30-member benchmark index, edging out Consunji family-led Semirara Mining and Power Corp.

Waterfront Philippines Inc. was also dropped from the services sector index.

The changes, which were based on the semi-annual review of indices compositions from July 2020 to June this year, will take effect on Aug. 17 this year.

The semi-annual review of indices ensures that the exchange’s benchmarks reflect the performance of the best securities in the stock market in general and its sectors,” PSE president Ramon S. Monzon said.

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