Asia Financial Services

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China is one the Philippines’ most important trading partners. In 2012 it was number three in total bilateral trade, behind the US and Japan, but it became number two by July 2013 and was number one for imports to the Philippines by that time (up from number three). The trade relationship is certainly a vital one. Yet beyond the numbers, the...

Inclusiveness is one of the main priorities of Bangko Sentral ng Pilipinas (BSP). According to a survey published in 2012 by the central bank, eight out of 10 Filipino households have no bank account, and in early 2013 the Philippine National Statistical Coordination Board reported that the poverty rate stood almost unchanged from 2006, at 27.9%....

ASEAN is set to declare itself a common market at the end of 2015. This could profoundly affect trade and investment flows throughout the region and have a significant impact on the economies of all member states, the Philippines included. It will create new opportunities for investors as some of the world's fastest-growing economies work together...

A diverse country with an intriguing history, the Philippines today is a multi-party, democratic republic, open to foreign investment, and integrated within the regional and international political and economic community. 

While the final cost of Typhoon Yolanda is still being calculated in the Philippines, the impact that the country’s low insurance take-up could have on the national economy is fast becoming apparent.

Chapter | Capital Markets from The Report: Philippines 2014

The Philippine Stock Exchange had the second-best performance among Asian equity markets in 2013. It hit 38 all-time records during the year, broke 6000 for the first time in January 2013, 6500 in Feruary, and 7000 in April. The challenge is now to build on this strong foundation, further developing the systems, institutions, and regulations that will guarantee the market’s continued success...

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