THE COMPANY: The Manila Electric Company ( MERALCO) is the largest electric power distribution company in the Philippines. It provides electricity to more than 5.5m customers in Metro Manila, representing approximately 55% of the country’s total power requirements. MERALCO was established in 1919....
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 ASEAN leaders’ summit in Kuala Lumpur in November 2015 was an historic moment. The heads of state from the 10 member nations signed a declaration establishing the ASEAN Economic Community (AEC), which formally came into being at the end of 2015. Advocates state that this grouping will lead to an exponential expansion of the region’s...
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:...
More than a year after the Philippines’ banking sector was opened to greater foreign direct investment, the international response has been underwhelming. The main reason is that asking prices for local assets are too high. Still, in terms of the numbers of new entrants, the reform has been a success. Five new international banks have been...
Banks in the Philippines have a well-deserved reputation for primarily lending to large national corporations, but that is finally beginning to change. The extent of the concentration is visible mainly in data from the Bangko Sentral de Pilipinas (BSP), the central bank, on the regional distribution of lending. As of June 2015, 55% of...
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