The Philippine Stock Exchange on Tuesday has partnered with the UK government and its MOBILIST or Mobilizing Institutional Capital through Listed Product Structures program.
MOBILIST helps business entities deploy impactful investments that deliver the United Nation’s Sustainable Development Goals in developing economies like the Philippines.
By providing equity capital investment, technical assistance, advisory services, and enhanced visibility through the UK government’s platforms, MOBILIST enables new financial products list on public markets such as the PSE.
“When I was informed by our team about the potential partnership with MOBILIST, I took special interest in the program. MOBILIST perfectly addresses two major initiatives of the PSE. First, to get more companies to go public and second, to have more sustainability-oriented companies comprise the listed companies at PSE,” PSE president and CEO Ramon S. Monzon said in his welcome message.
United Kingdom Foreign Commonwealth and Development Office director general Jenny Bates and UK Ambassador to the Philippines Laure Beaufils joined PSE executives at the bell ringing ceremony on Monday.
Monzon said MOBILIST is a listing catalyst for companies that meet the program’s selection criteria and that its services is a tremendous help to the IPO journey of listing applicants.
“I urge the investment firms here to maximize the opportunities the program offers,” Monzon said as he expressed gratitude to the FCDO for choosing PSE as partner in the MOBILIST program.
Aside from the PSE, MOBILIST counts stock exchanges in Brazil, London, Mexico, Singapore and South Africa as among its partners.
