The Pinnacle Group International being the leader in global conferences will be holding its inaugural Philippines Capital Markets Conference, which will be held at the Pan Pacific Hotel Manila from the 10-11 March 2009.
2009 promises to be an exciting year as Philippines has recently revised its regulations on the capital markets and is all set for further developing the pension and capital markets. “The year 2008 was tumultuous for the world due to the global economic recession that, thankfully, has not become a crisis in the Philippines,” said Philippine President Gloria Arroyo in a written New Year’s message to the nation.
The Philippines has actually fared pretty well as compared with other emerging markets in Asia. In recent news, officials have reported the oversubscribing of Manila’s sovereign bond issue by four times.
Having raised US$1.5 billion from the sale of 10-year global bonds to foreign investors, the first in Asia since last June. Philippines’ stable monetary and exchange rate environment has proved conducive to investor sentiment towards the country’s return to international capital markets
According to Fitch Sovereign Group, the Philippines is going to outperform some other sovereigns rated in the ‘BB’ category. Both Moody’s Investors Service and Standard & Poor have also gave Manila’s global bond an upbeat assessment.
As credit markets begins to show signs of thawing, Philippines provides a glimmer of hope to investors.
The “Philippines Capital Markets Conference” is platform for corporates, investors and bankers wishing to tap on this fast growing market. Expect speeches by governors and regulators in Philippines and the rest of Asia.
Participating companies include:
ACCRA Law, ADB, American Data Exchange, Atchison Consultants, Baker Mckenzie Quisumbing Torres, Bloomberg L.P., BNP Paribas, BPI Asset Management, Business Processing Association, CB Richard Ellis Philippines, Inc., CBRE Philippines, Chinatrust Commercial Bank Corporation, Citi Philippines, Commodity Warrants Australia PTY. LTD, Contact Centre Association, Development Bank of Philippines, Global Investment Research Associates, Government Service Insurance System (GSIS), Home Development Mutual Fund (Pag-IBIG Fund), Hudson Capital Energy, ING Investment Management, Macquire Bank Limited, Maybank Philippines, Inc., Northbridge Capital Private Limited, Philippine Economic Zone Authority, Philippine Securities and Exchange Commission, Philippine Senate, Philippine Stock Exchange, Inc., The PLDT Co., Puyat Jacinto & Santos Law, Quisumbing Torres, Romulo, Mabanta, Buenaventura, Sayoc & De Los Angeles, Sapalo Velez Bundang & Bulilan Law Offices, Standard Chartered Bank Philippines, Sycip Gorres Velayo and Co.