OECD calls for SEC, PSE 'joint initiative' to shorten public listing process

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OECD calls for SEC, PSE 'joint initiative' to shorten public listing process
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The Organisation for Economic Co-operation and Development has released policy recommendations to further strengthen the Philippines’ capital market and boost investor confidence in the equities space.The OECD is an international organization of more than 100 countries worldwide founded to advise governments on delivering “policies for better lives.

“For the development of the stock exchange, the OECD stressed the potential of around 400 private enterprises to go public, encouraging both the SEC and the Philippine Stock Exchange to strengthen measures that would make listing more attractive to such companies,” the SEC said.The OECD also took note that the bond market could serve as another vital source of financing for corporations through streamlined registration processes and improved transparency by local credit ratings agencies.

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