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19 May 2014 | Mandarin Oriental, Manila #FTPhilippines

Thank you to the many speakers, partners and guests that joined us at the Financial Times - First Metro Philippines Investment Summit in Manila on 19 May 2014. We very much appreciate your support, and we hope that you enjoyed the keynote presentations, insightful panel discussions, and networking opportunities on offer.

Given the success of this inaugural Summit, we plan to make this an annual series. We hope you will join us at next year's event. See you in 2015!


Once called the“sick man of Asia”, the Philippines now has a much healthier and stronger economy, driven by robust domestic demand and investment, low inflation and larger inward remittances, as well as prudent debt management and better governance.This transformation has prompted the three leading ratings agencies to upgrade the Philippines to investment grade status. Compared with many other countries in the region, the Philippines’prospects appear the brightest. 

The landscape however, is changing. A single-market ASEAN Economic Community, planned from 2015, will gradually liberalise trade and services, integrate capital markets, and facilitate intra-regional mobility for ASEAN’s 600 million people. This will enhance opportunities for investment and economic growth, but at the same time sharpen competition among ASEAN countries. Benigno Aquino III’s administration and the Philippines’ key business sectors will have to ensure they are prepared for both the benefits and risks of economic integration. 

The Philippines is also not immune to global or regional economic pressures. External markets generally are being affected by the recalibration of monetary flows following the US Fed’s move to taper its expansion of liquidity. Philippine financial authorities have to remain vigilant about domestic credit conditions, while those in charge of trade and industry have to ensure that capital is directed towards the right projects, such as essential infrastructure. 

Is the Philippines ready for ASEAN integration? What are the main risks to continued strong economic and investment growth? What further policies should be adopted to attract institutional capital? What sectors present the most potential for continued expansion? 

These issues will be discussed at the first  Financial Times–First Metro Philippines Investment Summit,a major half-day conference that will gather senior policy-makers, financiers, economists and business leaders to discuss the policy and strategic initiatives required for the Philippines to take full advantage of ASEAN integration and maintain its strong investment performance in a persistently volatile economic and financial environment. The Summit will be chaired by David Pilling, Asia Editor of the Financial Times.


Carmen Reinhart
Minos A. Zombanakis Professor of the International Financial System, John F. Kennedy School of Government
Harvard University
Hon. Jejomar C. Binay
Vice President
Republic of the Philippines
Amando Tetangco, Jr
Bangko Sentral ng Pilipinas
Cesar Purisima
Finance Secretary
Republic of the Philippines

David Mann
Regional Head of Research, Asia
Standard Chartered Bank

Naoyuki Shinohara
Deputy Managing Director
International Monetary Fund

Christian de Guzman
Vice President and Senior Analyst, Sovereign Risk Group
Moody's Investors Service

Roberto Juanchito Dispo
First Metro Investment Corporation

Cielito Habito
Ateneo de Manila University

Arsenio Balisacan
Economic Planning Secretary and Director General,
National Economic and Development Authority

Stephen Groff
Vice President
Asian Development Bank

Hans Sicat
President and CEO
Philippine Stock Exchange