The Philippines insurance industry is poised for strong growth from a low base, being ranked as the third-smallest insurance market in the East Asian region. Penetration levels of just 14% indicate that there is considerable room for expansion. Sectoral figures are lobbying, with some success, to rewrite existing regulations, which they feel impose burdensome tax costs on the industry. Other...
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Chapter | Capital Markets from The Report: The Philippines 2012
The Philippines Stock Exchange (PSE) was the best-performing index in Asia in 2011, although it could not match the incredible 37.6% growth it displayed in 2010. Still, the bourse managed to close out the year 4.1% higher, thanks largely to the strong performance of the mining and oil counter. Now managers of the PSE, which is the smallest of South-east Asia’s major stock markets, want to...
The Philippines’ well-capitalised banks enjoyed strong profit growth in 2011, and excess liquidity is the main worry at this point. Much-hyped PPP projects could be a fillip for the sector, providing an avenue for lending. A number of factors point to consolidation in the sector, include the labour intensiveness of Philippines banking, rising capital requirements, and merger incentives from the...
Au Gabon, le taux de pénétration du secteur financier formel devrait dans les prochains mois évoluer à la hausse, notamment du fait d’un effort concerté de la part des banques pour développer les services de transactions financières par téléphone portable.
Renewed confidence in the medium- and long-term outlook for Egypt’s economy is buoying its capital markets, with stocks up strongly in 2012 and bond issues attracting plenty of interest. In spite of lingering political uncertainty, good growth prospects, a large and growing domestic market, and likely backing from the IMF are all helping to restore much-needed investor confidence.
The Kingdom’s insurance industry looks set to enjoy solid growth over the coming few years thanks to an increased flow of state investments and rising demand for health and property coverage. Greater awareness among Saudis of the benefits of both life and non-life insurance policies should also boost policy take-up.