MANILA, Philippines—The Philippine central bank continues to push for reforms to strengthen local capital markets and allow more Filipino firms to raise funds more cheaply from domestic sources and investors to get better returns on their assets.
Speaking at an online briefing, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said the agency is “playing an active role” in the development of capital markets in support of its mandate to promote the stability of the domestic financial system.
“Deep capital markets facilitate the efficient allocation of funds in the economy,” he said. “By diversifying funding sources, they also support financial system resilience as stresse…
Keep on reading: BSP pushes for more capital sources to help PH investors, borrowers