BROADER RETAIL PARTICIPATION: THE REAL GAME-CHANGER FOR LIQUID CAPITAL MARKETS Investment & Capital Corporation of the Philippines (ICCP) President and COO Manny Ocampo says reforms like streamlined taxation and reduced transaction costs through the Capital Markets Efficiency Promotion Act (CMEPA) are steps toward more liquid capital markets. He adds that rate cuts by the Bangko Sentral ng Pilipinas further support market depth by improving funding conditions and investor appetite. However, he n