The banking sector in the Philippines is expanding rapidly, hitting double-digit credit growth in four of the five years from 2013 to 2017. The sector has simultaneously recorded notable improvements across major stability indicators. The country’s banking sector is highly liquid and well provisioned, and it benefits from robust macroeconomic...
Once reserved for ambitious start-ups and industry-leading tech operators, financial technology (fintech) has more recently caught the attention of major private sector firms and government planners alike, becoming a regular feature in budget speeches and strategic development plans. As fintech progressively plays a larger part in the lives of...
With innovations such as digital and mobile banking, e-payment systems, blockchain ledgers and cryptocurrency, financial technology (fintech) is set to expand rapidly in the coming years, bolstered by a supportive regulatory environment, low levels of financial inclusion and rapid adoption of digital technology.
While the ASEAN Economic Community (AEC) was formally established in 2015, financial cooperation across the region remains somewhat fragmented. Goods and services move freely between countries, but banks, stock exchanges and securities companies tend to be limited to their home markets.
What are the next steps to accelerate the transition into a digital financial system?
Though smaller than some other capital markets in the region, the Philippine Stock Exchange (PSE) reached record highs in 2017 against a backdrop of robust macroeconomic expansion and the sweeping Tax Reform for Acceleration and Inclusion programme, which should support the government’s sizeable infrastructure agenda, Build, Build, Build (BBB). Benefitting from rising levels of trading and...
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