First Metro: PH economy will
grow faster in 2024
First Metro expects the Philippine economy to grow faster and continue to be among the best performing economies in Asia this year.
First Metro president Jose Patricio Dumlao said, “In the face of domestic and global challenges, the Philippine economy achieved a commendable 5.5% GDP growth in the first nine months of 2023, driven by strong domestic demand. This year, we continue to anticipate external headwinds – global growth outlook remains subdued. While headline inflation has softened in many countries driven by the decline in food and energy prices, core inflation remains a concern. External uncertainties such as the movements of the Fed and a potential sharper slowdown in China could drag on growth. Amidst all this, the country’s economy, with its strong macroeconomic fundamentals, is expected to expand by 6.0%.” READ MORE
In photo, from left to right: First Metro Research head Cristina Ulang, University of Asia & the Pacific economist Dr. Victor Abola and First Metro Investment Banking head Daniel Camacho
AROUND THE METRO
First Metro earns accolades from peers and partner institutions
The First Metro Group won awards and recognition from its peers and partners, the Bureau of the Treasury (BTr), the Fund Managers Association of the Phils., Inc. (FMAP), and The Asset Publishing and Research Ltd. (The Asset), in separate events held recently.
First Metro was once again acknowledged by the BTr as one of the ten Government Securities Eligible Dealers (GSED) Market Makers in recognition of our continued efforts in helping the National Government meet its financing requirements and supporting the initiatives of the BTr in developing the domestic capital markets.
The Enhanced GSED Program, which provides for the obligations and privileges of GSED-Market Makers, was launched in 2018 as part of reforms aimed at improving the depth and liquidity of the Government Securities (GS) markets. GSEDs are evaluated yearly based on total primary market volume, auction participation, bid efficiency, secondary market performance, and support to the BTr’s capital market development initiatives.
First Metro likewise received its fourth consecutive Best Fixed Income House award from the FMAP’s 2023 Bankers and Brokers Poll. Additionally, three of its officers earned individual awards, voted by their clients and peers in the industry. Peter Bautista, SVP and head of Sales & Distribution Group, secured the top spot as the Best Equities Sales Person; Krisha Cerin, sales officer from Institutional & Corporate Sales Division, was recognized as the third Best Fixed Income Sales Person; and Cristina Ulang, FVP and head of Research Department, was voted as the third Best Fixed Income Strategist.
FMAP also awarded the Sales and Dealing team of First Metro Securities Brokerage Corporation as the third Best Sales Team. The team is composed of Altair Grace Aguillon, Peter Anthony Bautista, Jervis Tinimbang, Daryll Menta and Maria Ysabel Basilla.
First Metro was honored as well by The Asset Benchmark Research, recognizing excellence in Asia’s fixed income industry. This prestigious recognition comes not only from The Asset, a respected Hong Kong-based publication, but also from clients and peers in the industry.
FAMI releases Php15 million in dividends to CEAP
In photo, top, from left to right: FAMI relationship manager Belle Pajarillo, FAMI Training Unit head Edwin Valleroso and CEAP executive director Allan Arellano; bottom, from left to right: FAMI president Karen Liza Roa and CEAP president Fr. Albert Delvo
First Metro Asset Management, Inc. (FAMI) released Php15 million in dividends to the Catholic Educational Association of the Philippines (CEAP) in December last year. These dividends represent profits from CEAP’s investment in FAMI, as a result of a partnership formed in 2005 together with the Marist Development Foundation. READ MORE
ICYMI: FAMI Webinar
Invest Early, Retire Comfortably: Your Quick Guide to a Happy Retirement
FAMI, through financial guru, Salve Duplito, guided middle-aged individuals and parents in proper retirement planning by presenting various sources of pension and income-generating investments. The process involves estimating their future expenses and determining the required retirement fund.
FirstMetroSec updates
Latest version of FirstMetroSec GO further elevates trading experience
FirstMetroSec is officially on TikTok
First Metro welcomes new controller
First Metro recently welcomed Ganine C. Olmedo as the new head of the Controllership Group.
Ganine brings over a decade of solid experience in accounting and auditing, demonstrating extensive knowledge of banking products, operations, systems and processes, financial reporting, and compliance.
Before joining First Metro, she served as treasurer and Finance head of Union Bank of the Philippines Trust and Investment Services Group. Prior to assuming this role, she held the position of Operations head. In addition, she completed the one-year course on Trust Operations and Investment Management offered by the Trust Institute of the Philippines.
She holds a Bachelor of Science degree in Accountancy from the University of Santo Tomas and is a Certified Public Accountant.
FIRST METRO IN ACTION
CAPITAL NOTES is the official newsletter of First Metro Investment Corporation published quarterly.
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45th Floor, GT Tower International, Ayala Ave. cor. H.V. dela Costa St., Makati City
Tel: (02) 8858 7900 | Fax: (02) 8840 3706
Email: corpcom@firstmetro.com.ph
We want to hear from you. Please let us know your comments or concerns.
Tel: (02) 8511 0795 | Mobile: (0998) 846 8599
Email: customercare@firstmetro.com.ph
You may also contact BSP Financial Consumer Protection Department.
Tel: (02) 8708 7087
Email: consumeraffairs@bsp.gov.ph
First Metro: PH economy will grow faster in 2024
In photo, from left to right: First Metro Research head Cristina Ulang, University of Asia & the Pacific economist Dr. Victor Abola and First Metro Investment Banking head Daniel Camacho
First Metro expects the Philippine economy to grow faster and continue to be among the best performing economies in Asia this year.
First Metro president Jose Patricio Dumlao said, “In the face of domestic and global challenges, the Philippine economy achieved a commendable 5.5% GDP growth in the first nine months of 2023, driven by strong domestic demand. This year, we continue to anticipate external headwinds – global growth outlook remains subdued. While headline inflation has softened in many countries driven by the decline in food and energy prices, core inflation remains a concern. External uncertainties such as the movements of the Fed and a potential sharper slowdown in China could drag on growth. Amidst all this, the country’s economy, with its strong macroeconomic fundamentals, is expected to expand by 6.0%.” READ MORE
AROUND THE METRO
First Metro earns accolades from peers and partner institutions
The First Metro Group won awards and recognition from its peers and partners, the Bureau of the Treasury (BTr), the Fund Managers Association of the Phils., Inc. (FMAP), and The Asset Publishing and Research Ltd. (The Asset), in separate events held recently.
First Metro was once again acknowledged by the BTr as one of the ten Government Securities Eligible Dealers (GSED) Market Makers in recognition of our continued efforts in helping the National Government meet its financing requirements and supporting the initiatives of the BTr in developing the domestic capital markets.
The Enhanced GSED Program, which provides for the obligations and privileges of GSED-Market Makers, was launched in 2018 as part of reforms aimed at improving the depth and liquidity of the Government Securities (GS) markets. GSEDs are evaluated yearly based on total primary market volume, auction participation, bid efficiency, secondary market performance, and support to the BTr’s capital market development initiatives.
First Metro likewise received its fourth consecutive Best Fixed Income House award from the FMAP’s 2023 Bankers and Brokers Poll. Additionally, three of its officers earned individual awards, voted by their clients and peers in the industry. Peter Bautista, SVP and head of Sales & Distribution Group, secured the top spot as the Best Equities Sales Person; Krisha Cerin, sales officer from Institutional & Corporate Sales Division, was recognized as the third Best Fixed Income Sales Person; and Cristina Ulang, FVP and head of Research Department, was voted as the third Best Fixed Income Strategist.
FMAP also awarded the Sales and Dealing team of First Metro Securities Brokerage Corporation as the third Best Sales Team. The team is composed of Altair Grace Aguillon, Peter Anthony Bautista, Jervis Tinimbang, Daryll Menta and Maria Ysabel Basilla.
First Metro was honored as well by The Asset Benchmark Research, recognizing excellence in Asia’s fixed income industry. This prestigious recognition comes not only from The Asset, a respected Hong Kong-based publication, but also from clients and peers in the industry.
FAMI releases Php15 million in dividends to CEAP
In photo, top, from left to right: FAMI relationship manager Belle Pajarillo, FAMI Training Unit head Edwin Valleroso and CEAP executive director Allan Arellano; bottom, from left to right: FAMI president Karen Liza Roa and CEAP president Fr. Albert Delvo
First Metro Asset Management, Inc. (FAMI) released Php15 million in dividends to the Catholic Educational Association of the Philippines (CEAP) in December last year. These dividends represent profits from CEAP’s investment in FAMI, as a result of a partnership formed in 2005 together with the Marist Development Foundation. READ MORE
ICYMI: FAMI Webinar
Invest Early, Retire Comfortably: Your Quick Guide to a Happy Retirement
FAMI, through financial guru, Salve Duplito, guided middle-aged individuals and parents in proper retirement planning by presenting various sources of pension and income-generating investments. The process involves estimating their future expenses and determining the required retirement fund.
FirstMetroSec updates
First Metro welcomes new controller
First Metro recently welcomed Ganine C. Olmedo as the new head of the Controllership Group.
Ganine brings over a decade of solid experience in accounting and auditing, demonstrating extensive knowledge of banking products, operations, systems and processes, financial reporting, and compliance.
Before joining First Metro, she served as treasurer and Finance head of Union Bank of the Philippines Trust and Investment Services Group. Prior to assuming this role, she held the position of Operations head. In addition, she completed the one-year course on Trust Operations and Investment Management offered by the Trust Institute of the Philippines.
She holds a Bachelor of Science degree in Accountancy from the University of Santo Tomas and is a Certified Public Accountant.
FIRST METRO IN ACTION
CAPITAL NOTES is the official newsletter of First Metro Investment Corporation published quarterly.
|
|
|
45th Floor, GT Tower International, Ayala Ave. cor. H.V. dela Costa St., Makati City
Tel: (02) 8858 7900 | Fax: (02) 8840 3706
Email: corpcom@firstmetro.com.ph
We want to hear from you. Please let us know your comments or concerns.
Tel: (02) 8511 0795 | Mobile: (0998) 846 8599
Email: customercare@firstmetro.com.ph
You may also contact BSP Financial Consumer Protection Department.
Tel: (02) 8708 7087
Email: consumeraffairs@bsp.gov.ph