Capital Markets

In recent years the Philippine capital markets have performed well. The benchmark index has quadrupled since the global financial crisis in 2008 on a combination of good policy, strong economic growth, healthy inflows of foreign investment and low international interest rates. In 2016, however, market performance was mixed as the country held elections and the new administration settled in. The benchmark index fell, while the number of new initial public offerings was relatively small, with demand on the light side. However, the new administration is expected to be generally supportive of the markets and to push through a handful of major reforms that have been stalled due to bureaucratic disagreements.