THE COMPANY: Incorporated in 1998, Aboitiz Power (AP) operates as the power unit of the Aboitiz Group. AP, as a publicly listed firm, is considered to be one of the leading local players in the power industry, with interests in various privately owned power generation companies and distribution utilities...
Inclusiveness is one of the main priorities of Bangko Sentral ng Pilipinas (BSP). According to a survey published in 2012 by the central bank, eight out of 10 Filipino households have no bank account, and in early 2013 the Philippine National Statistical Coordination Board reported that the poverty rate stood almost unchanged from 2006, at 27.9%....
China is one the Philippines’ most important trading partners. In 2012 it was number three in total bilateral trade, behind the US and Japan, but it became number two by July 2013 and was number one for imports to the Philippines by that time (up from number three). The trade relationship is certainly a vital one. Yet beyond the numbers, the...
ASEAN is set to declare itself a common market at the end of 2015. This could profoundly affect trade and investment flows throughout the region and have a significant impact on the economies of all member states, the Philippines included. It will create new opportunities for investors as some of the world's fastest-growing economies work together...
A brighter outlook is expected for the Philippine insurance industry, with the country’s economic fundamentals remaining sound, and the government and private sector pushing ahead with public education campaigns about the benefits of financial security. Financial literacy has historically been weak among the broader population but consumer awareness...
There has been a flurry of talk recently over mergers and acquisitions as insurance companies are scrambling to raise resources in order to meet new, stringent capital requirements that have been put in place to shore up an otherwise fragmented market. “Five insurers have already signalled interest to merge,” the insurance commissioner, Emmanuel F...
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