In a study conducted by the Organization for Economic Cooperation and Development (OECD), the Philippines was flagged for multiple issues that hinder its capital market from progressing.
For one, the OECD said the country charges one of the highest listing fees in Southeast Asia, and this is hindering investors, especially small and medium enterprises (SMEs), from going public.
"Regarding smaller firms, the SME Board only has 10 companies and the private equity market is nascent. Listing fees are relatively high and the fee structure is more complex than in the peer countries," the report said.
This story is from the December 12, 2024 edition of The Philippine Star.
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This story is from the December 12, 2024 edition of The Philippine Star.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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