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“All of this depends on the political leadership of the president and congress” |
VISIT THE WEBSITE of the Philippine Stock Exchange, click on the IPOs section and a blank page pops up. Given the absence of Philippine equity offerings in recent years, it seems appropriate. Perhaps the webmaster felt he had better things to do elsewhere on the site than attend to a page that never needed updating. But the unthinkable has happened. The Philippines has seen not one but two IPOs in 2005.
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