Mike Ferrer, managing director of ATR Kim Eng Asset Management, wants to put defined-benefit scheme reform on President Rodrigo Duterte’s agenda.
Asset managers are hoping to see changes under new president Rodrigo Duterte that will boost take-up of investment products. But this does not look to be an immediate government priority.
A Philippine association says that without passage of key investment legislation, the country's funds industry will remain fragmented and unready for the Asia Region Funds Passport scheme.
Proposals to improve corporate governance standards in the country should go further, says the new head of the Manila-based Institute of Corporate Directors.