The Asset Events

The Asset 12th Philippine Forum

Reform and transform

24 October 2017 - Conrad Manila, Philippines
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We are nearly 500 days into the term of President Rodrigo Duterte. As perhaps the most unorthodox leader ever elected to the highest office in the Philippines, Duterte has embarked on an economic agenda that is far more audacious than seen in the past decades.

Having secured a solid election victory, Duterte is using the mandate to empower his economic managers to leverage on the government’s fiscal headroom. At the centre of the economic agenda is infrastructure. The government has dubbed it as the “build, build, build” programme.

The strategy is to deploy government budgetary allocation together with Official Development Assistance to make up the bulk of the financing. This strategy departs from that of the previous government, which had opted for private-public partnership as the model of choice. The government has set aside 7.125 trillion pesos for its public investment programme from 2017 to 2022.

With the new strategy, the government’s infrastructure spending has jumped to 5.3% of GDP during 2016 from an average of 2.9% during the previous government. The ceiling on the budget deficit has been adjusted to enable a further increase in infrastructure spending to more than 7% by 2022.

Another pillar of the government’s strategy is the comprehensive tax reform programme that realigns taxation to reflect the current realities by giving wage earners a break. The overriding goal is to lower tax rates while at the same time broadening the tax base. They include the lowering of personal income tax rates and the reduction of value-added tax exemptions. Excise taxes will be adjusted for fuel and also for automobiles.

It is with this energized backdrop that The Asset is hosting the 12th Philippine Forum to showcase the country and identify the interesting opportunities and the challenges ahead. The theme for this year’s event is Reform and Transform, taking a closer look at how Duterte is defining new dimensions in development.

Keynote Speakers
Carlos Dominguez III
Carlos Dominguez III
secretary of finance
Republic of the Philippines
Nestor Espenilla Jr
Nestor Espenilla Jr
governor
Bangko Sentral ng Pilipinas
Nestor Espenilla
Ramon Monzon
president and chief executive officer
Philippine Stock exchange
Venue
Conrad Manila
Conrad Manila
 
Seaside Boulevard corner Coral Way Mall of Asia Complex Pasay City, 1300
Philippines
Date: 24th October, 2017

Speakers / Agenda

08.00
Registration
09.00
Asset Events Speaker
Welcome remarks
Daniel Yu
Daniel Yu
Editor-in-Chief
The Asset
09.20
Asset Events Speaker
Morning keynote address
Nestor Espenilla
Nestor Espenilla Jr
governor
Bangko Sentral ng Pilipinas
09.40
Asset Events Speaker
Panel: Reform and transform
While the previous government worked hard to secure the investment-grade credit rating that the country enjoys today, the Duterte government is driving economic reform and transformation. Improving infrastructure and comprehensive tax reforms are at the core of this strategy. The government’s reforms will impact the metrics that form the basis of the IG rating.
  • How critical is the comprehensive tax reform plan to support additional expenditure?
  • How can infrastructure play a role to promote inclusive growth?
  • What other drivers of growth will help maintain the country’s credit rating?
Jose Teodoro Limcaoco
Jose Teodoro Limcaoco
CFO
Ayala Corp
Antonette Tionko
Antonette Tionko
undersecretary
Department of Finance
Jose Teodoro Limcaoco
John Forbes
senior adviser
The American Chamber of Commerce of the Philippines
Jose Leviste
Jose Leviste Jr
chairman
AG&P
10.20
Networking and coffee
11.00
Asset Events Speaker
Forum keynote address
Nestor Espenilla
Carlos Dominguez III
secretary of finance
Republic of the Philippines
11.20
Asset Events Speaker
Panel two: Financing the golden age of infrastructure: Who gets a seat at the table?
As the government shifts financing beyond PPP, new stakeholders driving the financing of infrastructure are emerging. Who are they? What are their roles and views on how they plan to support the golden age of infrastructure?
  • How will the shift in strategy affect private sector participation?
  • How will the change in financing strategy impact project development?
  • How will the new strategy improve the speed of project completion?
Nestor Espenilla
Billy Betts
head of project finance and advisory dept
Cathay United Bank
Benel Lagua
Benel Lagua
executive vice president and head of the development sector,
Development Bank of the Philippines
Jesse Ang
Jesse Ang
principal investment officer and regional lead for EAP cities
International Finance Corporation, Philippines
Seigo Baba
Seigo Baba
chief representative, Manila office
Japan Bank for International Cooperation
Jenna Diallo
Chito Santiago
managing editor
The Asset
12.00
Asset Events Speaker
Panel three: Renewables as the new power play
From a somewhat disjointed effort to push the renewable agenda, the Philippines is making impressive strides and making its mark in launching renewable energy projects. From solar to hydro to wind and biomass, project sponsors are finding new energy to launch projects – some financed by industry firsts including last year’s climate bond, the first of its kind in the Asia-Pacific.
  • Who are the top renewable providers in the country and what plans do they have for the next five years?
  • What are the challenges facing renewable energy project and their integration into the country’s grid infrastructure?
  • Are there opportunities for energy generation via renewable-based mini- and micro grids?
Carlos Aboitiz
Carlos Aboitiz
assistant vice president, run-of-river (ROR) hydro business unit
Aboitiz Power
Kiyoshi Nishimura
Kiyoshi Nishimura
chief executive officer
Credit Guarantee & Investment Facility
Nestor Espenilla
Angela Consuelo Ibay
head, climate and energy programme
World Wide Fund for Nature
Nestor Espenilla
Mason Wallick
managing director
Infunde Development
Darryl Yu
Darryl Yu
assistant editor
The Asset
12.40
Luncheon
14.00
Asset Events Speaker
Afternoon keynote address
Nestor Espenilla
Ramon Monzon
president and chief executive officer
Philippine Stock exchange
14.20
Asset Events Speaker
Panel four: Full steam ahead for capital raising?
The Philippine stock and bond markets have had a solid start to 2017, with a total of 190 billion pesos raised in the first half of 2017 compared to just 70 billion pesos in the same period last year. The expectation is that the rest of the year will see more activity in both markets as companies comply with the higher minimum public ownership requirements, and companies expand on the back of the 6% growth in the domestic economy. How can capital markets play a greater role in attaining higher levels of economic growth?
  • Which companies are likely to raise financing in the coming six months?
  • How are investors viewing investing in the equity and bond markets?
  • What will the takeover of PDS Holdings by the PSE mean for trading efficiencies and the introduction of new products?
  • How will the risk management process be improved?
Stephen Tan
Stephen Tan
chief financial officer
Cebu Landmasters
Ryan Martin L. Tapia
Ryan Martin Tapia
managing director and head of execution
China Bank Capital
Nestor Espenilla
Sergio Edeza
SVP and head of treasury
San Miguel Corporation
Ramon S. Monzon
Ramon Monzon
president and chief executive officer
Philippine Stock exchange
Jenna Diallo
Chito Santiago
managing editor
The Asset
15.00
Networking and coffee
15.30
Asset Events Speaker
Panel five: From saving to investing
As among the fastest growing economies in Asia, the country is in the midst of a consumer boom powering retail businesses for goods and services. With overseas remittances and the fast-growing BPO industry underpinning this growth, investing could become the next big thing that should help sustain the pace of expansion. As the size of the middle class grows, demand for investment and retirement products is on the rise. How are asset and wealth managers approaching this opportunity?
  • What are some of the challenges facing investors’ understanding of wealth planning?
  • What role are the regulators playing in terms of investor protection?
  • What new investment products are being introduced to fit the needs of investors?
  • Are digital channels able to broaden the asset managers’ reach to investors?
Magellan Fetalino III
Magellan Fetalino III
founder and chief executive officer
Acudeen
Nestor Espenilla
Frederico Rafael Ocampo
senior vice president
BDO Unibank
Magellan Fetalino III
Meek Villanueva
head of products & marketing
Philam Asset Management
Atty. Rachel Esther J. Gumtang-Remalanteo
Atty. Rachel Esther Gumtang-Remalante
officer-in-charge corporate governance and finance department
Securities and Exchange Commission
Arnulfo De Pala
Noli de Pala
chief investment officer
Trilake Partners
Darryl Yu
Darryl Yu
assistant editor
The Asset
16.20
Asset Events Speaker
In conversation: How to stop worrying and start the IPO
The Philippine stock market has raced ahead setting a string of record highs. Behind the surge in the index is the rise of domestic investors who are starting to participate either through online trading channels or via mutual funds or UITFs. But the number of new IPOs are few and far in-between. With the pent-up demand for new investment opportunities, this could be the best time for prospective companies to come to the market. What's the potential market for IPOs? Which types of companies are likely to do well? Where are these companies located? What's holding back potential companies to come to the market? Apart from additional funding, why go public? Can an IPO help smooth succession planning? What's the best advice to companies thinking to go public to stop worrying?
Nestor Espenilla
Eduardo Francisco
president
BDO Capital & Investment Corporation
Daniel Yu
Daniel Yu
Editor-in-Chief
The Asset
16.40
Asset Events Speaker
Closing remarks
Daniel Yu
Daniel Yu
Editor-in-Chief
The Asset
17.00
Asset Events Speaker
End of Summit

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Registration

Complimentary Ticket
Standard price of US$399 is waived

Limited number reserved exclusively for the chief financial officers, chief investment officers, and heads of relevant departments of corporates, institutional investors (SWF, pension funds, insurance), commercial and retail banks, private banks and family offices, and asset management firms

 
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*A US$200 early bird discount applies for paid registrations before September 8 2017.