MANILA -- On Tuesday morning last week, Philippine President Ferdinand Marcos Jr. rang the opening bell at the Philippine Stock Exchange (PSE) -- not for a new listing but to mark the first day of a law aimed at jump-starting the country's sluggish capital markets.
DealStreetAsia
Philippine tax cuts spur hope for more IPOs in sluggish market
New rules take effect this month and are expected to boost trading activity
Traders work on the floor of the Philippine Stock Exchange in Metro Manila: People in the finance industry hope cuts in transaction taxes will breath life into the country's sleepy equity market. �� Reuters
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