Newly appointed SEC chairperson and CEO Francis Lim aims to elevate the Philippines' capital market, stating it has been lagging behind regional competitors.
Lim succeeded Emilio Aquino and aims to make the capital market more accessible.
An OECD report indicated that the Philippines has the lowest number of listed companies and ranks second to last in market capitalization as a share of GDP compared to peer countries.
Lim plans to collaborate with the Philippine Stock Exchange, Philippine Dealing and Exchange Corporation, NGOs, and government branches to implement significant reforms.
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