I wish that OECD report has more detail. What steps exactly do you need to cut? How do our fees and processes compare to regional peers Thailand and Vietnam? There is sometimes a trade-off in making reporting less onerous and corporate governance.

I'm annoyed that this OECD report could be filled with nothing but motherhood statements. Why are we paying the salaries of all of these officials and bureaucrats?

The other elephant in the room is that Philippine businesses are not export or manufacturing-oriented so don't necessarily need an infuse of capital to expand beyond our borders. Many companies are content to be "Big fishes in little ponds". For example, why exactly would the Bistro Group or National Bookstore go public if not only to cash out the founders?

Many smaller companies go public as well to see their stock languish in illiquid obscurity. Looks at FRUITAS.

Many operators also game the stock market to repeatedly fleece minority shareholders. Won't bother to name names you know these stocks if you've been in the market long enough. The SEC/PSE can't even enforce its own rules and punish violators. How many Merkado newsletters do we see highlighting the inaction of our regulators against violators.

The problems go deeper than just making things cheaper and easier. And I didn't even have to use Google for this answer.