Inside the Philippines: April 2024

Macro Movements: BSP to hold policy rates steady; Philippine credit given investment-grade rating

BSP retains hawkish stance as rice inflation and El Nino risks drag CPI
Japan Credit Rating Authority maintains stable outlook on Philippine Economy

Region in Focus: President urged to declare a state of calamity in Metro Manila

Traffic within the Metro costing the Philippine economy as much as P3.5 billion daily

Industry Insights: IT-BPM industry expected to deliver strong growth in the coming years

IT-BPM revenues outperformed IBPAP expectations in 2023, expected to grow to a $59 billion industry by 2028

Deal Spotlight: Power generation incumbents form a joint venture; Ayala Corporation looking to divest from LRT-1

Power Incumbents jointly invest in San Miguel Global Power’s Batangas assets
Ayala Corporation looking to close a deal for the sale of their stake in LRT-1

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