Regulators should consider easing listing requirements and reducing fees to boost the number of Philippine companies going public, the Organisation for Economic Co-operation and Development (OECD) said in a report. The OECD noted that since 2000, initial public offerings (IPOs) in the Philippines have been among the lowest in the ASEAN region. It suggested streamlining the IPO approval process, cutting listing costs, and simplifying fee structures to attract firms, including state-owned enterprises, to the stock market. The OECD identified around 400 private enterprises as potential IPO candidates. The Philippine Stock Exchange (PSE) and the Securities and Exchange Commission (SEC) have taken steps to shorten review times, but only three IPOs have been recorded so far this year.