According to CoinMeta, Ramon Monzon, President and CEO of the Philippine Stock Exchange (PSE), stated in an exclusive interview with Bloomberg's "Insight with Haslinda Amin" program that the capital increase plan for SEC led to a decrease in the number of brokers. He discussed the prospects for improving market liquidity, expectations for capital raising, as well as the main IPO initiatives, including the GCash and PLDT data center units.