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BDO Unibank Inc. has agreed to provide global publishing firm Oxford Business Group (OBG) access to the bank’s data resources for purposes of OBG’s research and production of a report on the Philippines charting the country’s investment story, the group said in a statement.
“The Report: The Philippines 2015” will explore the rising competitiveness and improved business climate as features that attract foreign direct investment (FDI) into the country, it said.
Both parties have signed a Memorandum of Understanding (MOU) under which OBG may access the bank’s resources and use the information to compile the Capital Markets Chapter of the report.
The publication will focus on economic sectors that look likely to gain from higher investment inflows, such as manufacturing and information technology, will also provide updates on the country’s major infrastructure projects, which are heightening economic activity, especially across the construction industry.
Regional Editor Paulius Kuncinas said the OBG had noted in its recent research that the Philippines was gaining ground on its neighbors when it came to attracting foreign direct investments (FDI).
“Investors have, in particular, noticed the increasing capabilities of the country’s workforce, while the Philippines’ political and economic stability remains a plus,” he said.
“We expect public-private partnership projects to drive foreign investments in the coming years as the country moves to roll out its public works and address the Philippines’ housing shortage,” he added.
Eduardo Francisco, president of BDO Capital Corporation & Investment at BDO Unibank, added that topical issues related to the Asean Economic Community, such as the integration of the financial markets, would be looked at in detail with OBG.
“Our first year of partnership with Oxford Business Group highlighted the added dimension that Asean integration will bring to the markets,” he said. “I look forward to exploring this further, as full integration draws nearer, and providing investors with key data they can use in their decision-making, including analysis of new products and services from the Philippine Stock Exchange.”
With the Asia-Pacific Economic Cooperation (APEC) Regional Summit set to take place in Manila next year, OBG’s Editorial Manager Rodrigo Diaz said the Philippines could expect to garner a higher profile as an international investment destination over the coming months.
“Full Asean integration and the APEC summit should both boost the Philippines’ competitiveness, helping the country to build on its strong macroeconomic fundamentals and steady GDP growth,” he said.
“I am delighted that our team will benefit once again from BDO Unibank’s expertise as we plot the next phase of the country’s economic development,” he added.
The Report: The Philippines 2015 will be a vital guide to the many facets of the country, including its macroeconomics, infrastructure, banking and other sectoral developments. It will contain interviews with leading national and international representatives, including Japan’s Minister for Foreign Affairs Fumio Kishida and the US Secretary of Defense Chuck Hagel. The publication will be available in print or online.
OBG is a global publishing, research and consultancy firm, which publishes economic intelligence on the markets of the Middle East, Africa, Asia and Latin America. Through its range of print and online products, OBG offers comprehensive and accurate analysis of macroeconomic and sectoral developments in banking, capital markets, insurance, energy, transport, industry, and telecoms.
The Report: The Philippines 2015 will be produced in partnership with the Makati Business Club (MBS), the Philippine Chamber of Commerce and Industry (PCCI), the law firm, SyCip Salazar Hernandez & Gatmaitan and BDO Unibank Inc.
The critically acclaimed economic and business reports have become the leading source of business intelligence on developing countries in the regions they cover. OBG’s online economic briefings provide up-to-date in-depth analysis on the issues that matter for tens of thousands of subscribers worldwide. OBG’s consultancy arm offers tailor-made market intelligence and advice to firms currently operating in these markets and those looking to enter them.