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Manila must focus on infrastructure investment: UBS

August 23, 2010  

Edward Teather, the senior south-east Asia economist for UBS Investment Bank, says that the new government in the Philippines needs to focus more on efficiently improving its infrastructure rather than just cutting the fiscal deficit.

President Benigno Aquino was elected on the basis of the promise of clean governance and economic growth. And while global markets and investors will be watching the level of the budget deficit closely, it will be only be part of...


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 SYNDICATED LOANS

Rank Bookrunner Value ($m) No. %Share
1 Industrial & Commercial Bank of China - ICBC 1,160 1 16.4
1 Bank of Communications Co Ltd 1,160 1 16.4
3 State Bank of India 964 3 13.6
4 Land Bank of Taiwan 400 7 5.6
5 Maybank Investment Bank Bhd 332 1 4.7
6 AXIS Bank 236 2 3.3
7 IDBI Bank Ltd 124 1 1.8
8 HSBC 92 2 1.3
9 BNP Paribas 92 1 1.3
10 First Commercial Bank Co Ltd 65 4 0.9
Subtotal 4,623 18 65.2
Total 7,090 32 100.0


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