Philippines’ central bank Bangko Sentral ng Pilipinas has backed the proposed merger of the country’s bond and stock markets, BusinessWorld Online reports. The Philippine Stock Exchange (PSE) is being merged with the Philippine Dealing & Exchange (PDEx), which trades bonds and currencies. The merger is expected to accelerate the country’s participation in the regional bond and equity markets. The merger may also improve the trading of outstanding issues and increase issuance.
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