Inside the Philippines: January 2023

Macro Developments: November unemployment at its lowest in 17-years while inflation is at a 14-year high

Unemployment comes down to 4.2% while underemployment rose to 14.4% for the month of November.

Inflation picks up in December to 8.1%.

Industry Spotlight: USTDA to open office in the Philippines

USTDA plans to strengthen its presence in the Philippines through a local office targeted to open by first quarter of 2023.

IPO Watch: PSE targeting 14 IPOs for 2023

PSE is optimistic that 2023’s economic reopening will boost confidence for business expansions.

Deal Spotlight: MPIC voluntary delisting, Arch Capital launches Digital Halo, and Converge ICT Singapore expansion

MPIC considers voluntary delisting

ARCH Capital announce launch of 70MW facility in Cainta

Converge can now start building infrastructure for providing connectivity in city-state of Singapore.

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