Strong, sustained economic growth along with a corresponding rise in consumption and increasing industrial aspirations continue to drive energy demand to new levels across the Philippines, even as local primary energy resources become more difficult to develop. Domestic oil and gas production remains spotty, with very little progress being...
To what extent has the life insurance industry transitioned to serve the mass market, and how can micro-insurance penetration be boosted?
THE COMPANY: Puregold Price Club (PGOLD) was incorporated in September 1998 as a company involved in the business of trading goods such as consumer products on a wholesale and retail basis. PGOLD operates in three main formats: hypermarket, supermarkets and discounters. PGOLD also owns the S&R...
The Philippine life insurance sector has seen major growth in recent years, in market size, penetration rates and product range. New channels are also opening – there has been a surge in bancassurance, for example – and more market entrants are expected as the country moves towards fuller integration into the ASEAN Economic Community.
While still relatively small in comparison to many of its ASEAN peers, the Philippine insurance sector has shown strong growth in recent years, averaging 10% expansion between 2008 and 2014. The signs are that with the country’s continued economic growth and a burgeoning middle class, the sector’s expansion will continue to be impressive,...
The ASEAN leaders’ summit in Kuala Lumpur in November 2015 was an historic moment. The heads of state from the 10 member nations signed a declaration establishing the ASEAN Economic Community (AEC), which formally came into being at the end of 2015. Advocates state that this grouping will lead to an exponential expansion of the region’s...
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