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Published July 2, 2021, 6:30 AM Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said efforts to continue to develop the domestic capital market have not been diminished by the COVID-19 pandemic. Diokno said capital market reforms being implemented and other measures to further deepen the capital market are structural in nature. “In fact during the height of the pandemic, in 2020, the bond issuances by domestic banks were oversubscribed,” he said, citing Bank of the Philippine Islands, Land Bank of the Philippines, China Banking Corp. and Union Bank of the Philippines. BSP Governor Benjamin E. Diokno (Bloomberg file) The number of participants in investment trust funds also managed to grow by 33 percent in 2020 and 24 percent in the first quarter this year, said Diokno. “These are clear signs of sustained investor confidence in the Philippine capital market,” he added. ....
BusinessWorld May 28, 2021 | 12:03 am THE HOUSE of Representatives sitting in plenary approved a bill proposing to make pensions portable as workers change employers and to introduce investment options for pension account holders. In plenary session late Wednesday, legislators approved House Bill 9343 or the proposed Capital Market Development Act. The measure was elevated by Committee on Banks and Financial Intermediaries Chairman and Quirino Rep. Junie E. Cua to the floor on May 17. “House Bill 9343 is approved on second reading,” Valenzuela Rep. Weslie T. Gatchalian, sitting as deputy speaker, said. The proposed law seeks to broaden the capital markets by addressing deficiencies in the current pension system. The bill hopes to make pensions “fully-funded, portable, more actuarially fair, and stable.” ....
The reforms initiated by the government to deepen the local capital markets will ensure the economy to emerge stronger and more resilient in the aftermath of the prolonged pandemic, the Duterte administration’s chief economic manager said.
Finance Secretary Carlos Dominguez III said the proposed ....
Screen Shot 2021-05-24 at 2.46.56 PM Based on a report submitted by the PSE to the Capital Market Development Council (CMDC), local retail investors had accounted for 74.3 percent of stock market transactions as of end-March this year. In terms of volume, retail investors accounted for 43.3 percent of total, a significant jump from 18.2 percent in 2019 and 26.9 percent last year. Foreign participation in the stock market, on the other hand, declined in the first three-months to 25.7 percent from 55.5 percent in 2019 and 45.4 percent in 2020. Despite the sharp drop in the number of overseas investors, the average trading volume of the local bourse still rose by 49.6 percent last quarter, which PSE President Ramon Monzon said “indicating that local investors have stepped up.” ....
PSE sets P200-B capital-raising target May 25, 2021 | 12:34 am Keren Concepcion G. Valmonte THE PHILIPPINE Stock Exchange (PSE) is hoping at least P200 billion in capital will be raised at the stock market this year, as it seeks to encourage more small companies to list their shares. “I hope that at least P200 billion of capital will be raised at the Philippine Stock Exchange,” Ramon S. Monzon, president and chief executive of the bourse operator, told BusinessWorld in a video call on Thursday. If achieved, this would be nearly double the P104-billion capital raised at the PSE in 2020. The pipeline for capital-raising activities is seen to be robust with companies like Monde Nissin Corp. and Del Monte Philippines, Inc. (DMPI) planning mega-initial public offerings (IPOs) and firms launching their own real estate investment trusts (REITs). ....