The insurance industry in the Philippines is gearing up for a strong year, as total premium income rose by more than 40% year-on-year (y-o-y) in the second quarter.
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With growth in the Kuwaiti banking sector hitting double-digit figures in 2014 − reaching its highest rate in the last seven years – momentum is set to continue this year, despite uncertainty surrounding the broader economy.
Following successful completion of the Papua New Guinea liquefied natural gas project, the country is experiencing a surge of optimism about foreign investment and overall economic growth. PNG remains favoured by its traditional investors such as Australia, but it is increasingly a target for new players, including China and Japan.
The coming year looks set to bring further consolidation to Sri Lanka’s financial sector, with market forces expected to drive the trend, in lieu of the government-led policy of the previous administration.
The government of Trinidad and Tobago launched the country’s largest-ever initial public offering (IPO) on August 10, floating 75.8m shares of Phoenix Park Gas Processors Ltd (PPGPL), one of the country’s major natural gas processing companies.
Articles & Analysis | Tech solutions extend banking to remote areas of PNG from The Report: Papua New Guinea 2015
The banking sector in Papua New Guinea is sound, growing and remarkably profitable. Its largest and only publicly traded institution, BSP, reports return on equity 10 percentage points higher than the large Australian banks, which are among the most profitable in the world. Continued expansion is expected. With 80% of the country unbanked,...