The Organisation for Economic Cooperation and Development recommended shortening the approval process for initial public offerings and strictly enforcing existing corporate governance policies to bolster investor confidence in the Philippine capital market.
The OECD highlighted the potential of around 400 private enterprises, including state-owned enterprises, to go public if the SEC and the Philippine Stock Exchange work together to streamline the listing process. The OECD also cited the need to deepen the investor base by relaxing certain measures for institutional investors to increase their market participation.
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