Inside the Philippines: June 2023

Macro Movements: Upgrades in GDP growth projections and improving employment figures

The World Bank raises its Philippine growth forecast and Fitch upgrades its outlook

Unemployment drops to 4.5% in April amid increased hiring

Industry Insight: Office market updates and pipeline real estate investment trust (REIT) listing

Office leasing sees upswing despite projected rise in vacancies

SM Prime eyes rollout of the country’s largest REIT listing in the second half of 2023

Bank Sector Snapshot: Asset growth acceleration and reductions in reserve requirements

Philippine banks witness the quickest asset growth in three quarters

Bank reserve requirements to be reduced beginning June 30, 2023

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