MANILA - The Philippine Stock Exchange (PSE) is eyeing more Japanese investors in the local stock market.
In a statement, the local bourse said it forged a partnership with Takara Printing Co Ltd to drum up interest in the PSE among companies, investors and other market participants in Japan.
"This agreement will strengthen collaboration between companies to allow the sharing of information about listing in the PSE and to enhance investor relations activities and marketing initiatives in both the Philippines and Japan," the PSE said.
Last February, Takara Printing translated the PSE’s listing kit and new listing rules to Japanese. The bourse saw the need for a Japanese-translated listing manual as more Japanese firms set up shop in the Philippines given the country’s sound economic performance.
The Philippine economy grew 7.6 percent in the first half, bucking the slowdown of its regional peers.
Efforts to boost investments from Japan also came after ratings agencies Fitch Ratings and Standard & Poor's rewarded the Philippines with investment grade early this year.
The country's investment score will enable Japanese investors, who invest mostly in investment-grade assets, to buy Philippine equities, Hans B. Sicat, PSE president and chief executive officer, said in a previous interview.
source: interaksyon.com