THE COMPANY: Megaworld (MEG) is one of the country’s leading residential condominium developers and business process outsourcing (BPO) office space providers. Indeed, the company pioneered the development of mega-communities – integrated townships that locate residences, workplaces and commercial centres...
In actively considering a liberalisation programme, the Philippines is hoping to better align itself with the more open of its regional peers and better integrate itself with the global economy. Reform is a top priority. At the same time, it needs to move carefully. While the country’s various impediments to trade and investment have held it back in...
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...
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