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Microfinance backed – Bangko Sentral supports greater depth in the Philippines

By Julito G. Rada | Posted on Apr. 29, 2013 at 12:00am | 229 views   1 The Rural Bankers Association of the Philippines supported the Bangko Sentral’s decision to raise the ceiling on microfinance deposits from P15,000 to P40,000. “It is very encouraging to know that the rural banking industry and the BSP share the same …

Financial Institutions’ holding in SKS Microfinance soars to 36 per cent

Economic Times PTI Apr 28, 2013, 11.15AM IST (Despite a revival over the…) NEW DELHI: Going bullish on the country’s only listed microfinance company, foreign investors have more than doubled their holding in SKS Microfinance to nearly 36 per cent over the past financial year with purchase of shares worth an estimated Rs 380 crore. Foreign Institutional Investors (FIIs), …

Philippines Stands Out in Capital Markets

By P.R. VENKAT And CRIS LARANO The Philippines has become one of Asia’s hottest markets for share and bond sales, getting a boost from a buoyant stock market and its recent acquisition of an investment-grade credit rating.   Just four months into the year, companies owned by tycoon Lucio Tan and blue-chip giant San Miguel Corp.SMC.PH -1.28% have raised billions. Bankers expect …

Peru The Best Place For Microfinance, Says The Economist

LIMA, April 18 (BERNAMA-NNN-ANDINA) — Peru offers the best microfinance business environment for the fifth year running, as it maintained its first place in the global ranking, according to the Economist Intelligence Unit’s Global Microscope 2012. The Andean country scored 79.8 out of 100, followed by Bolivia, Pakistan and the Philippines. The report said that …

After Stagnation, a Revival for Mexico’s Financial Sector

BY ELISABETH MALKIN Adriana Zehbrauskas for The New York TimesThe trading floor at J.P. Morgan in Mexico City. As Europe lags and America idles, Mexico’s growth prospects are attracting international investors. MEXICO CITY — When Banco Santander held the $4.13 billion public stock offering of its Mexico subsidiary here last September, a mariachi band and Mexican …