Small loss, big gains: Removal of IPO tax OK’d by House panel

The House Ways and Means Committee has approved the fourth tranche of a tax reform package that includes a provision removing the tax levied on companies that list on the Philippine Stock Exchange, seeing it as an anti-business measure for the past decades.

Capital-raising at PSE falls 50% from January to June

Equity deals among companies listed on the Philippine Stock Exchange reached P61.92 billion in the first half of the year, 49.4 percent lower than the amount of fresh capital raised in the same period in 2021 due to external headwinds and issues on the local front.