Philippine bourse easing rules for infrastructure project listings – executives

The Philippine bourse is working on easing the listing rules to allow public private partnership (PPP) project concessionaires to raise funds, senior executives at the Philippine Stock Exchange [PSE:PSE] told this news service.

The PSE is looking into relaxing the requirements on a company’s track record, specifically the one on finances, to pave the way for PPP listings.

Under present rules, corporates wanting to list must have at least three consecutive profitable years under their belts.

The Securities and Exchange Commission (SEC) aims to complete the review of the framework this year, and have it ready for implementation by 2017