With a strong history and few limitations and restrictions on foreign investment, the Philippine insurance industry is open, thriving, growing and competitive. Unlike the banking sector, insurance is not the subject of great debate about who should be let in and how much equity they should be allowed to own. That said, the industry is facing certain...
While the Philippine banking sector has been fast liberalising, its openness to foreign investment has been inconsistent. Brief periods of reform have been followed by stretches of policy stagnation in terms of market access for global institutions. Though there is no overarching strategy in this regard, a number of laws and regulations have worked...
THE COMPANY: DMCI Holdings (DMC) was incorporated in 1995 as a holding company to consolidate the businesses of the Consunji family.
While the insurance industry in the Philippines is competitive, it is only serving a small portion of the country. Total premiums are estimated to be 1.2% of GDP, the lowest among the ASEAN 5. Insurance remains primarily a luxury for the rich and the urban. This is set to change. The government has been promoting the delivery of insurance to the...
The emergence of new hydrocarbons fields has helped the Philippine energy sector make up for declining output starting in the mid-1990s. While primary energy demand continues to outstrip diminishing domestic production, output from relatively recently exploited reserves such as the Galoc oil field and the Malampaya natural gas field are offsetting...
To what extent can the development of economic zones and freeports drive growth outside of Metro Manila and in the broader region?
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