Inside the Philippines: March 2024

Macro Movements: Moody’s Analytics increases Philippines growth forecasts; World Bank predicts stable inflation

Moody’s Analytics raises Philippines’ 2024 growth forecasts amidst strong export demand for electronics
World Bank expects Philippine inflation rate to remain within central bank’s 2-4% target range throughout 2024

Industry Insights: STT GDC Philippines expands data center capacity to 150 MW, a strategic milestone for the sector

Joint venture involving Globe, Ayala Corp, and ST Telemedia expands data center capacity

Investment Updates: IFC targets $400 to $500 investment in Philippines’ opportunity-rich landscape

IFC commits climate-smart investments between $400 and $500 in the Philippines

Deal Spotlight: AEV and CCEP acquire CCBPI; SMC wins bid for NAIA

AEV and CCEP completes $1.8 billion acquisition of CCBPI, the bottling arm of Coca-Cola
San Miguel Corp (SMC) wins P170.6-billion to upgrade Ninoy Aquino International Airport (NAIA)

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