Despite having one of the oldest stock exchanges in Asia and a relatively advanced bourse for its level of economic development, the Philippines lags behind the leading South-east Asian exchanges. However, as domestic liquidity surged and foreign investors gradually returned after a general flight from emerging markets in 2013, the country’s capital markets were riding a wave of optimism in...
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Chapter | Capital Markets from The Report: The Philippines 2015
A positive feedback loop is at work in which banks are increasingly driving economic growth, supported by inflows of foreign investment and from Filipinos working abroad, while growing trust in the banking system is drawing greater volumes of savings. With real GDP roughly doubling between 1999 and 2014, bank deposits as a share of GDP also rose, from 40% in 1999 to 52% in 2014, while the...
Rising domestic demand should drive growth in Malaysia’s insurance sector this year, despite economic headwinds, but the highly competitive market could see a further round of mergers as larger operators consolidate their position.
A projected rise in home ownership, along with increasing demand for private health coverage are among the forces expected to drive growth in Papua New Guinea’s insurance sector. However, competitive pressures and global risks may also hamper the industry during the course of the year.
Articles & Analysis | The country’s stock exchange is planned to be operational by late 2015 from The Report: Myanmar 2015
Myanmar is laying the groundwork for the active capital markets it has never really had. The formal launch of a new Yangon Stock Exchange (YSX), backed by Japan’s Daiwa Securities Group and Japan Exchange Group (JPX), was being targeted by the end of 2015, along with a new Securities Exchange Commission (SEC) to regulate capital markets. Although the YSX launch is...
Articles & Analysis | Despite the issuing of licences to nine foreign banks, the extent of their involvement remains unclear from The Report: Myanmar 2015
The central bank’s decision to award bank licences to nine foreign groups in October 2014 was widely hailed as a major breakthrough in bringing Myanmar’s underdeveloped financial sector into the modern era. But the really big decisions over how much foreign involvement will be allowed still lie ahead.