The Philippine Stock Exchange (PSE) is set to impose a trading suspension on shares of real estate magnate Joel Panlilio's Boulevard Holdings Inc. (BHI) effective October 16. This action follows BHI's failure to comply with the structured reportorial requirements set by the PSE. Specifically, the company did not submit its annual report for the fiscal year ending on May 31, 2023, by the extended deadline of September 28. BHI had previously informed its shareholders that it would not meet the extended deadline for submitting the required reports. The company attributed the delay to an ongoing audit of its consolidated financial statements, which necessitated an additional week for quality assurance and the review of notes related to the consolidated audited financial statements.