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Economic czar calls for more Philippines firms to go public

Frederick Go, Secretary of the Office of the Special Assistant to the President for Investment and Economic Affairs (OSAPIEA), aims to streamline requirements and lower costs for companies seeking to list on the Philippine Stock Exchange (PSE) to enhance the country’s capital market. Speaking at the Economic and Ease of Doing Business Briefing, Go highlighted ongoing reforms to encourage listings and bolster market participation. Notable changes include the shortening of the settlement cycle to T+2 days, reducing investment risk and bolstering confidence. Additionally, the initial public offering (IPO) process timeline has been cut to 45 days. The Securities and Exchange Commission (SEC) also eased financial information requirements and aligned risk factor disclosures with global practices. The PSE has introduced short selling in line with Asian standards.


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