Buoyed by recent rapid macroeconomic growth, the Philippines’ insurance industry has seen marked improvements in assets, density and penetration, with the life segment as its main engine. Foreign participation in the sector remains strong and companies are profitable, despite high competition.
The passage of Republic Act No. 9856 in 2009, otherwise known as the Real Estate Investment Trusts (REIT) Law, established the legal and regulatory framework for the development of domestic REITs, and was lauded as a significant step for the Philippines as it catches up with the rest of the world.
Two things have become clear to the PSE: global financial markets are moving quickly in terms of developing products and services, and the Philippine market possesses great potential that has yet to be fully realised.
The signing of Executive Order No. 30 (EO 30) by President Rodrigo Duterte in June 2017 is set to nurture the long-term goals of the Philippine Energy Plan 2017-40 (PEP) by acting as a catalyst for major energy projects. The order seeks to address the lengthy and cumbersome permit process, which, in turn, has stalled investment and restricted...
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 (TRAIN) programme, which should support the government’s sizeable infrastructure agenda, Build, Build,...
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×