PH investor relations practices get top score

The Philippines continued to have one of the best investor relations (IR) programs in the world, although there are still some areas that the country can improve to support stable capital flows, Washington-based Institute of International Finance (IIF) said.

IIF said in its latest IR and debt transparency report that while no country received the maximum score of 50 in the 2024 IR survey, a number of economies came close, including the Philippines. This headline score evaluates overall IR practices across 23 criteria.Among the countries assessed, the Philippines (48.8), Indonesia (48.7), Turkiye (48.3), Brazil (47.5) and Hungary (47.2) achieved the highest scores. The IIF said the Philippines met 83 percent of all IR criteria.The Philippines was bestowed the best number this year, but in 2023 trailed behind Indonesia (48.4) and Turkiye (48.3) with a score of 47.8 points.

Notably, the Philippines, Indonesia and Turkiye also received the highest points in the 2023 IR assessment.

The 2024 report covered 50 countries while the 2023 edition included 41 jurisdictions.

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The IR program of the Bangko Sentral ng Pilipinas (BSP) entails reaching out to stakeholders to disseminate continuously updated information on the Philippine economy and to solicit feedback from the investment community. Apart from the IR score, the highest debt transparency scores were obtained by the Philippines and Indonesia (12.5), as well as Turkiye (12.3), Uruguay (12) and Brazil (11.8). This metric aims to assess sovereign borrowers’ data and policy dissemination practices, with a maximum score of 13. INQ