Macro Movements: Forecast-beating economic growth in 2022 and projections for 2023
The Philippines’ GDP growth accelerated to 7.6% in 2022, the fastest growth in over four decades
Philippine 2023 GDP growth forecasted among the top range of Southeast Asian economies
Industry Insight: Strong office space demand and outsourcing industry growth
Office space net take-up is expected to double in 2023 from the 2022 level
Outsourcing industry to see robust growth in local jobs and revenue generation
Deal Spotlight: Philippine rum and grocery investments, and logistics startup and VC capital raising
Diageo to buy Don Papa Rum, a super-premium, dark rum from the Philippines
Creador and Navegar invest USD 55 million in DALI Stores, a chain of discount grocery stores in the Philippines
Locad raises USD 11 million in Series A funding and Foxmont Capital secures USD 21.3 million for its second fund