How have high inflation and the first package of the Tax Reform for Acceleration and Inclusion (TRAIN) affected the banking sector?
Asia Financial Services
Displaying 109 - 114 of 1126
Interviews & Viewpoints | Nestor Tan, President and CEO, BDO Unibank: Interview from The Report: Philippines 2019
This is an important period of transition for the Philippine insurance sector, as stakeholders attempt to meet a range of new regulatory requirements designed to expand the industry’s depth and reach. There has been strong growth in profitability and gross written premium in recent years, generated by a wide range of insurance types and entities. Indeed, one of the main characteristics of the...
Chapter | Capital Markets from The Report: Philippines 2019
One of the oldest stock exchanges in Asia, the Philippine Stock Exchange (PSE) is delivering robust returns. In the decade leading up to 2018 there were more years of gains than losses, with the 2009-14 period showing six consecutive years of expansion. Reinforcing the underlying trend, during the first few months of 2019 the PSE index began a slow and steady climb, up from 7466.02 points at...
With strong capitalisation and credit growth on the back of robust GDP figures and falling inflation, the Philippine banking sector now faces a year in which consolidation of gains and expansion into new demographics are on the agenda. The country continues to be well served by a variety of lenders, with universal and commercial banks supplemented by a wide array of thrift banks, rural and...
The Philippines’ cooling inflation, improved ease of doing business and increased openness to foreign participation are set to encourage more foreign direct investment. A wealth of infrastructure investment under President Rodrigo Duterte’s flagship Build Build Build programme should ease congestion, reduce regional inequality and further boost the flourishing tourism industry.
The latest step in the liberalisation of Myanmar’s financial services sector has seen the Ministry of Planning and Finance give five foreign insurance providers the provisional right to launch wholly owned life insurance businesses in the country.