The Philippine Stock Exchange and the Taiwan Stock Exchange have forged a memorandum of understanding that strengthens the relationship of the bourses.
PSE president and CEO Ramon S. Monzon and TWSE chairman Sherman Lin led the signing ceremony at the TWSE headquarters in Taipei, Taiwan last week.
Under the agreement, the PSE and TWSE collaborate on product development and market promotion and share best practices in areas such as regulations, environment, social and governance practices and market trends, among others.
“I believe this MOU is a good starting point for the relationship between PSE and TWSE and is key to fostering the friendship recently formed between us and exploring mutually beneficial endeavors for the two bourses. TWSE’s insights on product and technology development, regulatory and sustainability initiatives will serve as invaluable inputs to our Exchange,” Monzon said.
The PSE and TWSE are forming a working group to carry out the objectives in the areas of cooperation covered by the MOU, the bourse said.
