DOF in talks with JP Morgan to boost Phl capital market
The Philippine Star|November 23, 2024
The Department of Finance (DOF) held a high-level meeting with JP Morgan officials recently to discuss areas of collaboration that can strengthen the Philippine capital market, including the potential inclusion of government-issued securities in the JP Morgan Bond Index.
By KEISHA TA-ASAN

Finance Secretary Ralph Recto led the discussions, which also covered JP Morgan's ongoing operations in the Philippines and avenues for partnership.

"The inclusion in the JP Morgan Bond Index would enhance foreign investor access to peso-denominated government bonds, reduce friction costs and strengthen the country's investment attractiveness," the DOF said in a social media post.

Joining Recto were DOF Undersecretary and chief economist Domini Velasquez as well as National Treasurer Sharon Almanza.

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