A new law supporting the development of Islamic finance has been introduced in the Philippines, in a move expected to boost financial inclusion and investment opportunities.
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Indonesia is to implement changes to bank merger rules later this year, with a view to encouraging greater consolidation across the 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.
Economic update | How infrastructure development could unlock Philippine insurance growth
30 Apr 2019
The Philippines’ insurance sector is expected to experience an increase in earning potential following a decision enabling companies to invest in state-backed infrastructure projects.
Two of Thailand’s largest financial institutions have signed a non-binding memorandum of understanding (MoU) to undertake a merger following government efforts to encourage consolidation in the domestic banking industry.
How do you assess the pace of fintech adoption in the Philippine banking sector, and how do you anticipate fintech will disrupt the global industry in the near future?