PSE, CFO collaborate to bring stock market closer to overseas Filipinos
CFO Chairperson Secretary Dante Francis M. Ang II (left) and PSE President and CEO Ramon S. Monzon (right)
The Philippine Stock Exchange, Inc. (PSE) and the Commission on Filipinos Overseas (CFO) have signed a Memorandum of Understanding to jointly undertake programs that will help overseas Filipinos become active participants in the Philippine capital markets.
PSE President and CEO Ramon S. Monzon noted that only less than one percent of Overseas Filipinos (OFs) have stock market accounts and that collaborations with key government agencies closely coordinating with OFs will help grow this number.
“By partnering with CFO, PSE will now be able to reach Filipinos who have migrated overseas – specifically those who are permanent residents abroad, including their immediate family members,” he said.
Learning sessions and information campaigns form part of the projects identified in the MOU. PSE will showcase its PSE Academy website and its online and mobile app-based platforms for disclosures, market data and IPO subscription, among others, in the webinars and trainings for OFs.
“I hope PSE and CFO can amplify the shared mission of promoting the well-being, in this case their economic or financial well-being, of Filipinos across the globe,” Monzon added.