This group, led by a self-made billionaire, is getting turned off by low valuations and thin trading activity.
“I’m considering it,” the tycoon said in a recent interview.
His empire includes an interesting mix of assets, with some businesses still outperforming despite the slowing economy.
One firm he leads remains a market leader despite new regulations, while another business is soaring in profitability and valuations, supported by a fast-growing young population.
Of course, he sees downsides to delisting.
After all, this tycoon has a soft spot for the domestic capital markets, having dedicated years of his career pushing for reforms.
But his views may also be influenced by clearer signs of struggle in the economy.
Even trade appears less busy, and he now expects fourth-quarter growth might slow even more after a very disappointing third quarter.
His message to squabbling political clans: work together and unite. The economy is suffering, and it’s more than mere statistics, especially for the poorest Filipinos.
And while there’s still a chance to get back on track, this tycoon seems to be writing off 2025.
“It’s going to be a sad Christmas,” he said.
Miguel R. Camus has been a reporter covering various domestic business topics since 2009.
