Inside the Philippines: December 2021

On the Upswing: Growth targets upgraded as GDP growth exceeds expectations

Philippine GDP expanded 7.1% year-over-year in 3Q 2021 led by strong household consumption

Goldman Sachs, Maybank, Fitch Ratings, and S&P Global Ratings raise 2021 and 2022 Philippine growth projections

Industry Insight: REITs bullish on the Philippine real estate market

REITs are looking to grow their portfolios and more REITs are expected to launch in the coming years

Logistics on the Move: Acquisitions, investments, and expansions in the logistics space

Ayala Corporation’s AC Logistics is acquiring a majority interest in Air21 and partnering with Glacier Megafridge

LBC Express Holdings is investing up to USD 40M in its wholly owned subsidiary, LBC Express, Inc.

SM Group-backed logistics firm Airspeed is opening three new warehouses as e-commerce demand continues to rise

Emerging Industry: Philippine play-to-earn gaming startup attracts Andreessen Horowitz

Andreessen Horowitz (a16z) led the USD 4.6M investment in the Philippines’ Yield Guild Games (YGG)

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