THE state-run corporate regulator Securities and Exchange Commission (SEC) has approved the Philippine Stock Exchange’s (PSE) rules on listing and disclosure of public-private partnership (PPP) companies, a year after the PPP listing idea was first proposed.

The approved rules say a PPP company as a “special purpose company” incorporated by the awarded corporation, joint venture, or consortium, “shall then assume and accede to all rights and obligations in accordance with the amended BOT law and its implementing rules.”

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