The passage of Republic Act No. 9856 in 2009, otherwise known as the Real Estate Investment Trusts (REIT) Law, established the legal and regulatory framework for the development of domestic REITs, and was lauded as a significant step for the Philippines as it catches up with the rest of the world.
The signing of Executive Order No. 30 (EO 30) by President Rodrigo Duterte in June 2017 is set to nurture the long-term goals of the Philippine Energy Plan 2017-40 (PEP) by acting as a catalyst for major energy projects. The order seeks to address the lengthy and cumbersome permit process, which, in turn, has stalled investment and restricted...
Buoyed by recent rapid macroeconomic growth, the Philippines’ insurance industry has seen marked improvements in assets, density and penetration, with the life segment as its main engine. Foreign participation in the sector remains strong and companies are profitable, despite high competition.
While advanced economies generate the vast majority of insurance and reinsurance business, emerging markets are posting higher rates of growth. Complementing this underlying trend is a strong and expanding interest in catastrophic risk, which by nature tends to pertain to emerging markets. This is coming alongside fast-paced, sector-...
Considered one of the oldest bourses in Asia, the Philippine Stock Exchange (PSE) traces its roots back to two former bourses – the Manila Stock Exchange (formed in 1927) and the Makati Stock Exchange (founded in 1963) – which were unified in 1992 to form the PSE.
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