In 2018 the Philippines posted a record trade deficit of $41.4bn, the largest gap in the nation’s history. This was a major increase on previous years, compared to $27.4bn in 2017 and $26.7bn in 2016. However, the results from the first few months of 2019 suggest that the deficit is beginning to narrow. In April 2019 the balance of trade in...
In what ways has the evolution of banking technologies changed the services offered by institutions?
Tax reform has been front and centre of President Rodrigo Duterte’s policy agenda since the combative former mayor of Davao City was elected to the Philippines’ highest office in 2016. Indeed, enhanced revenue mobilisation from a more efficient and effective tax system is seen by the Duterte administration as a key component of plans to...
With strong capitalisation and credit growth on the back of robust GDP figures and falling inflation, the Philippine banking sector now faces a year in which consolidation of gains and expansion into new demographics are clearly on the agenda. The country continues to be well served by a variety of lenders, with universal and commercial banks...
One of the oldest stock exchanges in Asia, the Philippine Stock Exchange (PSE) is delivering robust returns. Indeed, the PSE index (PSEi) ended 2017 on an all-time high – up 25.1% year-on-year (y-o-y) – and broke an intra-day record on the year’s last trading day, reaching 8640.04 points. These gains proved difficult to sustain in 2018, with...
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×