October 06, 2016
More than 350 investors and industry players recently convened in Manila for a seminar highlighting the latest developments in the Philippine market. Hosted by Latham & Watkins and the Asia Securities Industry & Financial Markets Association (ASIFMA), in conjunction with the Financial Executives Institute of the Philippines (FINEX), the Management Association of the Philippines (MAP), and ABS-CBN News Channel, the event featured discussions on current policy and legislative objectives, the outlook for the capital markets, processes in competition law, and energy and infrastructure project financing trends, among other topics.
Dozens of speakers and panelists shared market insights based on their firsthand experience. The distinguished presenters included Senator Juan Edgardo “Sonny” Angara, Securities and Exchange Commission Chairperson Teresita Herbosa and Philippine Stock Exchange President Hans Sicat. In addition, a diverse group of panelists ranging from investment banking executives and in-house counsel to experts in trade regulation discussed the sustainability of the Philippine economy. Latham partners from around the world, including Joseph Bevash, David Blumental, James Burnett, Simon Cooke, Gary Hamp, Timothy Hia, Tad Lipsky and Mike Yoshii, participated as panelists or moderators.
“The Philippines has been one of Asia’s fastest growing economies, largely spurred by targeted government and public-private partnership spending,” said Benjamin Carale, a partner in Latham & Watkins’ Hong Kong office, who helped organize the event. “Our objective was to convene industry professionals and key market participants for a closer look at the strong economic momentum of the country and long term growth prospects. The turnout and level of engagement we had demonstrates widespread interest in this topic by a range of corporates, institutional investors, bankers and PE sponsors, including many of our clients.”