Inside the Philippines: July 2024

Macro Movements: S&P Global ranks PHL as second-fastest growing economy in Asia; IMF expects easing inflation

S&P Global expects the Philippines to post the second-fastest growth in Asia-Pacific region this year with 5.8% growth
IMF predicts inflation to decline to 3.4% in 2024 and predicts stronger growth in 2025

Region in Focus: CIAC to develop national food hub; BCDA announces plans for the Clark Integrated Public Transport

CIAC taps global food tech companies, Food Starter and World Food Chain, to develop Clark National Food Hub
BCDA plans to bid out concession for the Clark Integrated Public Transport System by end of 2024

Deals Spotlight: DALI secures $8.4mn investment commitment from DEG; CREC successfully completes IPO

DEG to invest $8.4m in Philippine discount grocery chain DALI Stores
Citicore Renewable Energy Corp. (CREC) completes IPO, securing US$12.5 million from UK Fund Mobilist

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