MANILA, Philippines - The Philippine Stock Exchange (PSE) is holding a roadshow in the Land of the Rising Sun this month to court Japanese firms to list in the local bourse.
The PSE said it would hold a Philippine Business Environment Seminar in Tokyo on Jan. 21 to provide executives of around 150 Japanese firms with an overview of the condition and outlook of the Philippine economy and its business sector.
The roadshow is seen as a venue to discuss the listing structure and rules of the bourse to encourage Japanese firms with Philippine subsidiaries to list at the PSE, the operator of the country’s only stock exchange said.
“Quite a number of Japanese companies have offices and facilities in the Philippines and we would like to apprise them of the developments in our capital markets as well as urge them to tap the Exchange for funding requirements,” PSE president and chief executive officer Hans B. Sicat said.
Philippine Business Environment Seminar in Tokyo will be undertaken by the PSE together with Takara Printing, The International Friendship Exchange Council, KPMG Japan, KPMG Philippines, and Mori Hamada & Matsumoto Law Office.
Aside from the Philippine Business Environment Seminar, the PSE said it will also host a Philippine Corporate Day on Jan. 22 and 23 in partnership with DBP-Daiwa Capital Markets Philippines Inc. in which representatives of participating Philippine-listed companies will meet with 25 investment firms in Japan.
The roadshow will highlight the performance and prospects of the Philippine stock market and some of its listed firms, the PSE said.
Listed companies that will take part in the Corporate Day are Alliance Global Group Inc., Ayala Corp., Ayala Land Inc., BDO Unibank Inc., Energy Development Corp., JG Summit Holdings Inc., Metro Pacific Investments Corp., PSE, Petron Corp., Robinsons Land Corp., San Miguel Corp., and Universal Robina Corp.
“This is the third year that we are holding a roadshow in Japan with DBP-Daiwa. We hope that by personally meeting with fund managers, the PSE and the listed companies can encourage them to invest or further increase their exposure in our market,” Sicat said.