DBP, PSE sign deal to spur SME listing

Government-run Development Bank of the Philippines (DBP) has signed an agreement with the Philippine Stock Exchange, Inc. (PSE) to spur the listing of small and medium enterprises (SMEs) in the local bourse. Under the agreement, DBP and PSE will come up with a framework for cooperation and coordination in the area of capital market development, particularly in raising capital market awareness among SMEs. DBP and PSE will jointly conduct listing seminars for DBP-assisted companies to encourage more SMEs to go into the stock market. The PSE may also refer to the DBP companies that are in need of its financing programs, while DBP will also refer client-firms that have expressed their intention to list on the stock exchange. Both parties may also conduct discussions to provide a forum for DBP employees in building investor awareness and any other issues that may affect the capital market.