Philippines Financial Services

The Philippines has undertaken a wide range of banking reforms in recent decades, and the efforts have contributed to making the sector sound, stable and resilient. The one lingering issue has been foreign participation. For years the authorities offered only conditional access. In 2014 the doors were finally opened.

The Philippine life insurance sector has seen major growth in recent years, in market size, penetration rates and product range. New channels are also opening – there has been a surge in bancassurance, for example – and more market entrants are expected as the country moves towards fuller integration into the ASEAN Economic Community.

THE COMPANY: Puregold Price Club (PGOLD) was incorporated in September 1998 as a company involved in the business of trading goods such as consumer products on a wholesale and retail basis. PGOLD operates in three main formats: hypermarket, supermarkets and discounters. PGOLD also owns the S&R...

While still relatively small in comparison to many of its ASEAN peers, the Philippine insurance sector has shown strong growth in recent years, averaging 10% expansion between 2008 and 2014. The signs are that with the country’s continued economic growth and a burgeoning middle class, the sector’s expansion will continue to be impressive,...

COMPANY: GT Capital Holdings (GTCAP) is the primary vehicle for the holding and management of the diversified business interests of the Ty family, with business interests in banking, auto assembly, power generation, real estate and insurance. GTCAP has banking exposure through its 25.1% stake in...

THE COMPANY: Century Pacific Food (CNPF) is the largest canned food company and exporter of private-label, original equipment manufacturer tuna products in the Philippines. It has a product portfolio of canned and processed fish, as well as canned meat and dairy. The company’s brands include:...