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Philippine President Rodrigo Duterte at the Philippine Stock Exchange in 2017. There have been 15 initial public offerings on the exchange since he took office in 2016.   © Reuters
Market Spotlight

Philippines' faltering stock market throws open the doors

Manila exchange to relax start-up listing rules to catch up with neighbors

CLIFF VENZON, Nikkei staff writer | Philippines

MANILA -- When Converge ICT Solutions debuts on the Philippine Stock Exchange next week, its initial public offering to raise up to 29 billion pesos ($600 million) will be a welcome exception for one of Asia's most underperforming stock markets.

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