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

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

October 19, 2020 06:02 JST

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.