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Philippines finance minister Cesar V. Purisima and delegates at CT’s recent event in Manila outlined strategies for growth in the country and how companies will benefit.
CFOs and finance directors broadly praised the state of local corporate funding at the 5th Annual Corporate Treasury and CFO Summit in Manila, but hoped for cross-border and asset-backed lending.
As the minimum public offering (MPO) rule goes into effect on December 31, 25 companies may face tax penalties and eventual delisting from the Philippines Stock Exchange (PSE).