abs-cbnNEWS.com
MANILA, Philippines - The Philippine Stock Exchange (PSE) is expecting more firms to make initial public offerings (IPO) next year.
Specifically, the bourse is looking at a minimum of 6 IPOs in 2010 as the stock market rebounds from the effects of the global economic crisis, and as the government grants tax breaks to encourage savings in individual retirement accounts.
The PSE is expecting the Personal Equity and Retirement Account (PERA) law to be implemented within the year, allowing the creation of tax-free personal pension schemes similar to the 401K plan in the United States. Read More...
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