Paperless transactions are gaining ground in Papua New Guinea thanks to the promise of new central bank regulations and the arrival of a satellite internet services provider.
Asia Financial Services
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Foreign banks may be granted greater access to Myanmar’s domestic financial market as a way of servicing local demand for trade financing.
A proposal to institute mandatory household and business insurance cover against natural disasters is set to go before the Philippine government. If passed, the measure could not only help mitigate risk stemming from catastrophic events, but also broaden the base of the underwriting sector.
Foreign appetite for Malaysian bonds has been increasing over the year, with international buyers moving into the market for government papers as investors seek higher returns and market stability.
Government commitments to step up privatisation, repair its balance sheet and encourage more listings should help broaden the base of Sri Lanka’s capital markets and draw stronger flows of foreign direct investment (FDI) into the economy.
While a slowing of economic growth and uncertainty over global market conditions are expected to cool Malaysia’s insurance industry this year, regulatory reforms could drive expansion in the medium term.