Philippine IPOs slow to 2 as flood graft scandal hits economy

Companies grow cautious about listing due to slowdown and tariff concerns

Philippine President Ferdinand Marcos Jr. at the IPO ceremony for Maynilad Water Services on Nov. 7, 2025. (Philippine Office of the President)

YUKI FUJITA

January 8, 2026 03:14 JST

MANILA -- The Philippines saw just two stock listings last year, falling short of the six targeted by the stock exchange, as a flood control project scandal and U.S. tariffs slowed the economy.