The government and the private sector will work together to establish a technology board at the Philippine Stock Exchange (PSE), modeled after the Nasdaq in New York.
Department of Information and Communications Technology (DICT) Secretary Henry Rhoel Aguda said at least 15 startups are being considered for the proposed technology board at the PSE, which is similar to the New York-based National Association of Securities Dealers Automated Quotations (Nasdaq) stock market.
He said companies that may list on the PSE’s technology board include app-based transportation providers MoveIt, Grab, and Angkas, as well as the Filipino-made live-streaming community Kumu.
The tech board would cater to firms with high-growth potential but that may not meet the capitalization requirements of the PSE’s main and small- and medium-sized enterprise boards.
Aguda said discussions began last year and that technical evaluations are currently underway. Policies may be released by the first quarter this year.
“This is part of the vision of the President to make the capital market accessible to all. That’s one. Second, for us to have an honest-to-goodness technology stock market,” he said in an interview Monday night.
Aside from the DICT and the PSE, other agencies involved in the discussions include the Department of Trade and Industry and the Securities and Exchange Commission.
The Marcos administration is committed to strengthening domestic capital markets to support sustained economic growth.
One key measure is Republic Act 12214, or the Capital Markets Efficiency Promotion Act, which took effect on July 1, 2025.
The law reduced the stock transaction tax from 0.6 percent to 0.1 percent, lowered the documentary stamp tax (DST) on original issuances from 1 percent to 0.75 percent, and eliminated the DST requirement for mutual funds and unit investment trust funds.
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