Philippines Financial Services

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Investors in the Philippine Stock Exchange (PSE) are set to have a wider range of products and trading options at their disposal, with the exchange announcing that short selling will be made available during the third quarter of this year.

The Philippines’ central bank has stepped up efforts to protect the banking industry from hacking and theft by approving a series of new authentication regulations, which come as part of a broader push to strengthen the sector against cybercrime.

A proposal to institute mandatory household and business insurance cover against natural disasters is set to go before the Philippine government. If passed, the measure could not only help mitigate risk stemming from catastrophic events, but also broaden the base of the underwriting sector.

Increased product awareness and sustained economic expansion are fuelling double-digit growth in the Philippines’ insurance sector, as the emergence of micro-insurance products helps boost penetration rates and premiums. 

Consolidation will remain headline news in the Philippine banking sector in 2016, with mergers and acquisitions expected among smaller lenders, particularly in rural areas.

A drive to highlight the benefits of listing on the Philippines Stock Exchange (PSE) to small and medium-sized enterprises (SMEs) is gaining pace.

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