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....
THE COMPANY: Metro Pacific Investments Corporation (MPIC) is an infrastructure-focused investment and management company based in the Philippines. Its portfolio currently consists of toll roads, power and water projects, health care facilities and rail. It also has a presence in Thailand and Vietnam...
With strong economic growth and an environment of high liquidity, the Philippines’ capital markets have been outperforming many regional peers. The year ahead holds great promise too, as presidential elections and the continued roll out of government infrastructure projects set up more economic stimulus and more demand for project financing,...
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...
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...
In what ways has the liberalisation of the banking sector altered the landscape for local banks?
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