Can softer delisting rules save Manila’s bourse from hollowing out?

The Philippine Stock Exchange (PSE) is considering easing involuntary delisting rules for non-compliant firms as a growing number of companies exit the bourse, either voluntarily due to undervalued shares or through forced delistings. The move aims to prevent further erosion of listed companies and revive investor participation. However, analysts warn that the core problem is a systemic lack of liquidity, which is causing Manila to lose ground to more dominant Southeast Asian markets. The PSE is also rolling out broader market reforms to address these challenges.