MANILA, Philippines — Philippine investment companies and fund managers can now offer eligible funds to retail investors in Malaysia, Singapore, and Thailand while their counterparts in these neighboring countries can similarly pitch investment products to the local market, boosting cross-border investment flow in the Southeast Asian region.
This as the Securities and Exchange Commission (SEC) became the newest signatory to the Association of Southeast Asian Nations (ASEAN) Collective Investment Schemes (CIS) Framework, an initiative under the regional capital markets integration plan endorsed by the ASEAN Finance Ministers in 2009 to facilitate cross-border product access…
Keep on reading: Philippines joins ASEAN cross-border investing framework