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By Agustin R. Montilla IVRomulo Mabanta Buenaventura Sayoc & de los AngelesTel: +632 848 0114 Fax: +632 815 3172 Website: www.romulo.com
The Philippine Stock Exchange or PSE has recently adopted two measures intended to improve both liquidity and transparency of the onshore equity market. The PSE has also issued a warning of its impending re-imposition of another long suspended rule. Each of these developments presents opportunities for advisers, investors and managers covering the Philippines. The rule changes clarify the regulatory regime for the Philippine equity capital markets and should spur further activity in a market that looks to be continuing recent advances.