Strong demand for oil and gas, particularly in rapidly growing Asian economies, means that finding and securing new sources of hydrocarbons is more important than ever. And with prices remaining strong, the stakes for countries competing for new energy supplies have never been higher. The Philippines’ efforts to boost domestic oil and gas production...
Already a regional leader in terms of renewable energy, the Philippines is looking to stimulate a new wave of investment in the sector with the implementation of an incentive scheme, scheduled to be introduced in the first half of 2012. Although the government has already enacted legislation to boost the sector through the Renewable Energy Act of...
Long regarded as a challenging environment for investors due to the its often unpredictable political climate and its vast geography, the Philippines is nonetheless making significant strides in laying the foundations for a more stable and productive energy sector. The oil and gas sector has recently offered up more than two dozen new production...
A brighter outlook is expected for the Philippine insurance industry, with the country’s economic fundamentals remaining sound, and the government and private sector pushing ahead with public education campaigns about the benefits of financial security. Financial literacy has historically been weak among the broader population but consumer awareness...
There has been a flurry of talk recently over mergers and acquisitions as insurance companies are scrambling to raise resources in order to meet new, stringent capital requirements that have been put in place to shore up an otherwise fragmented market. “Five insurers have already signalled interest to merge,” the insurance commissioner, Emmanuel F...
THE COMPANY: Universal Robina Corporation (URC) traces its roots to 1954 when founder John Gokongwei diversified his trading company into corn starch production (United Corn Products) and counts its production of Blend 45, the first domestically manufactured instant coffee, as its first successful venture...
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