From Exodus, To The Promised Land – Philippines, A New Haven For Investors
Used to be referred to as "the sick man of Asia" a few years ago, the Philippines has been cited as one of the top emerging stock markets in Asia, according to a latest global equity strategy report issued by a Switzerland-based Bank. The report pointed out that markets in Asia are attractive investment decisions than the markets in Europe because of low macroeconomic risk, high exports, high domestic sales and current account surplus. In measuring macroeconomic risk, the Philippines ranked 2nd with a reading of 46, following Singapore's score of 39 (Where low score indicate less risk).
In the first half of 2008, Philippine banks grew lending by 24%, as reported by the Bangko Sentral ng Pilipinas (BSP). Despite price increases in oil and food, the Philippines had registered a balance of payments surplus of $2.1bn for the first half â€“ and record high gross international reserves.
Compared alongside with other emerging markets such as China and Thailand, the recent series of world events presents Philippines as a safer haven for investors. Benefiting from the reforms implemented for the past four or five years, Philippine banks have been holding well as they continuously strive for higher capitalisation, improved asset quality, enhancement of risk management systems, the implementation of international accounting standards and the observance of good corporate governance.
Philippines is also ranked as one of the most attractive markets for the development and sale of bio-fuels. The biofuels country attractiveness report ranks the country's attractiveness based on infrastruture index such as market regulatory risk, supporting infrastructure and access to finance; and fuel specific indices such as, among others, offtake incentives, tax climate, domestic and export market growth potential and project size.
As the Philippines opened up their financial markets to woo potential investors, The Pinnacle Group International will be hosting the inaugural Philippine Capital Markets Conference that will be held on March 10-11, 2009 that will be held in Manila. This conference is in line with the government's initiative to further develop the capital markets in the Philippines. Surely, an event not to be missed for those who likes to learn more about the opportunities in the Philippines.
Event will be held on:
Tuesday, March 10, 2009 at 8:00am
Wednesday, March 11, 2009 at 5:00pm
Pan Pacific Manila