Philippines, Singapore agree to widen capital market cooperation
The Philippine Stock Exchange has teamed up with its Singaporean counterpart to create fresh investment activities and boost trading among Southeast Asians.
The Philippine Stock Exchange (PSE) and the Singapore Exchange Ltd. (SGX Group) have signed a memorandum of collaboration to enhance investment activities and trading between the Philippines and Singapore. This partnership, agreed upon during the ASEAN Capital Markets Forum, aims to create new investment opportunities and boost intra-regional trading.
The collaboration will explore ways to issue new products and raise exchange-traded funds built around common investment themes in both nations. Additionally, the exchanges will evaluate methods to improve derivatives markets and cooperate with co-regulators to simplify bureaucratic and operational obstacles.
The agreement is a significant expansion of the existing relationship between the PSE and SGX Group, building upon the respective governments' leadership of the Association of Southeast Asian Nations (ASEAN) this year and in 2027, respectively. PSE President and CEO Ramon Monzon expressed enthusiasm for expanding trading opportunities for both Filipinos and Singaporeans, with hopes that the collaboration will also strengthen the PSE's liquidity, which currently faces challenges in finding a growth catalyst.
SGX Group CEO Loh Boon Chye noted that companies would benefit from the partnership by gaining easier access to capital and investment opportunities across the two economies.
Written by urgent.news from Philippine Star Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
