PSE-PDex merger delay could cost markets – Sicat

DELAYS in securing regulatory approval for the proposed merger between the Philippine Stock Exchange (PSE) and the firm that operates the Philippine Dealing and Exchange Corp. (PDEx) could translate into a “missed opportunity” in terms of how the country’s capital markets would fare amid the Asean economic integration.

Hans Sicat, president and chief executive officer of the PSE, said that pending the approval by the Securities and Exchange Commission (SEC) of its planned merger with PDex, the country’s capital markets would find it difficult to compete with its Asean counterparts.