As the ASEAN economies are getting integrated, in line with this, the Philippines is also planning to integrate domestically with the platform. The Philippines government has planned to integrate the market exchange domestically with the ASEAN trading platform in another one year so as to provide a big financial source for the local firms in the nation. Hence it is expected that the country’s integration with the trading platform will be helpful in enhancing a bigger financial source for the firms in the country through which they can develop further in their industry.
Roberto B. Tan told about the integration
National Treasurer Mr. Roberto B. Tan while talking in the capital markets forum of Philippines, which was held at Hong Kong this Tuesday told that the Philippines government will be trying to find an establishment with the ASEAN Economic Community (AEC) by this year end and this establishment will be a great opportunity for the country to take more efforts towards the development of financial market of the country and in sustaining the inflow of capital.
With this establishment being in regard, Philippines is in the process of its Capital Market Development Plan (CMDP) updating. This is a component that has been aimed for the integration of domestic market with the regional platforms for trading. CMDP can also be known as a process of enhancing the exchange competitiveness. The process is entitled to develop various market products like ETFs, traded fund exchange, index based and futuristic derivatives and so on. This will also be pushed towards the usage through online trading as the new services are yet to be into existence.
What is it about CMDP?
In the perspective of Mr. Tan the CMDP has an expectation to result as a successful world class exchange by next year. He has also mentioned that if the process is meeting with the expectation, then that would be a process which is ready to be integrated with the ASEAN trading platform. Mr. Tan also added that the ASEAN trading platform is expected to provide Philippines with great ease in trading with securities among the other economies participating in it. The ASEAN platform is also expected to provide the companies in Philippines with larger financial sources that would help them to grow further in their respective industry and market participation.
Cesar V. Purisima, Finance Secretary who also participated in the forum has noted that the local currency of corporate market is expanding. The expansion of this local currency is noted to be more than double the value that is about $17 billion or simply 6% of the gross domestic product (GDP). Previously it was $7.6 billion or just 4.4% of gross domestic product in the year 2009. Finance chief while mentioning about the integration told that the corporations are borrowing from markets. The total bonds from the year 2010 to 2014 with the maturity that goes more than 10 years were just 0.62%. But by the end of 2014, it was found to be 8.05% in total.
Roberto B. Tan told about the integration
National Treasurer Mr. Roberto B. Tan while talking in the capital markets forum of Philippines, which was held at Hong Kong this Tuesday told that the Philippines government will be trying to find an establishment with the ASEAN Economic Community (AEC) by this year end and this establishment will be a great opportunity for the country to take more efforts towards the development of financial market of the country and in sustaining the inflow of capital.
With this establishment being in regard, Philippines is in the process of its Capital Market Development Plan (CMDP) updating. This is a component that has been aimed for the integration of domestic market with the regional platforms for trading. CMDP can also be known as a process of enhancing the exchange competitiveness. The process is entitled to develop various market products like ETFs, traded fund exchange, index based and futuristic derivatives and so on. This will also be pushed towards the usage through online trading as the new services are yet to be into existence.
What is it about CMDP?
In the perspective of Mr. Tan the CMDP has an expectation to result as a successful world class exchange by next year. He has also mentioned that if the process is meeting with the expectation, then that would be a process which is ready to be integrated with the ASEAN trading platform. Mr. Tan also added that the ASEAN trading platform is expected to provide Philippines with great ease in trading with securities among the other economies participating in it. The ASEAN platform is also expected to provide the companies in Philippines with larger financial sources that would help them to grow further in their respective industry and market participation.
Cesar V. Purisima, Finance Secretary who also participated in the forum has noted that the local currency of corporate market is expanding. The expansion of this local currency is noted to be more than double the value that is about $17 billion or simply 6% of the gross domestic product (GDP). Previously it was $7.6 billion or just 4.4% of gross domestic product in the year 2009. Finance chief while mentioning about the integration told that the corporations are borrowing from markets. The total bonds from the year 2010 to 2014 with the maturity that goes more than 10 years were just 0.62%. But by the end of 2014, it was found to be 8.05% in total.