The Philippine life insurance sector has seen major growth in recent years, in market size, penetration rates and product range. New channels are also opening – there has been a surge in bancassurance, for example – and more market entrants are expected as the country moves towards fuller integration into the ASEAN Economic Community.
While still relatively small in comparison to many of its ASEAN peers, the Philippine insurance sector has shown strong growth in recent years, averaging 10% expansion between 2008 and 2014. The signs are that with the country’s continued economic growth and a burgeoning middle class, the sector’s expansion will continue to be impressive,...
THE COMPANY: Century Pacific Food (CNPF) is the largest canned food company and exporter of private-label, original equipment manufacturer tuna products in the Philippines. It has a product portfolio of canned and processed fish, as well as canned meat and dairy. The company’s brands include:...
The ASEAN leaders’ summit in Kuala Lumpur in November 2015 was an historic moment. The heads of state from the 10 member nations signed a declaration establishing the ASEAN Economic Community (AEC), which formally came into being at the end of 2015. Advocates state that this grouping will lead to an exponential expansion of the region’s...
COMPANY: GT Capital Holdings (GTCAP) is the primary vehicle for the holding and management of the diversified business interests of the Ty family, with business interests in banking, auto assembly, power generation, real estate and insurance. GTCAP has banking exposure through its 25.1% stake in...
THE COMPANY: The Manila Electric Company ( MERALCO) is the largest electric power distribution company in the Philippines. It provides electricity to more than 5.5m customers in Metro Manila, representing approximately 55% of the country’s total power requirements. MERALCO was established in 1919....
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