Infrastructure to drive Philippines cap markets

Wick Veloso, HSBC's CEO for the Philippines, explains how infrastructure spending and Asean integration are set to drive domestic capital markets and banking.
Source: HSBC
Source: HSBC

Wick Veloso, HSBC's CEO for the Philippines, talks to FinanceAsia about the country's latest capital market trends and how Asean integration is set affect the local banking industry.

What will drive capital markets activity in the Philippines in the next six months

The government recently unveiled public private partnership plans for various infrastructure projects in the Philippines. President Benigno Aquino III plans to establish around 80 public-private partnerships by 2016, with total investment capital of about $17.9 billion. This is aligned with the president’s campaign for long-term, inclusive growth. If you put together all the infrastructure projects to be awarded soon, we are confident this...

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