Inside the Philippines: May 2023

Macro Movements: Philippine growth forecast & new ecozones

IMF increases Philippines growth forecast from 5% to 6%

Approved ecozones in Bacolod and Batangas to spread growth outside the National Capital Region

Industry Insights: IT-BPM talent crisis; Philippine office market post-pandemic comeback

IT-BPM stakeholders call for talent development initiatives to address the talent crisis

Accelerating demand for office spaces driven by the IT-BPM sector and traditional offices

Deal Highlights: Local coffee startup backed by foreign investors; Philippines as hotbed for edtech services

Local grab-and-go coffee startup Pickup Coffee secures USD 40M in funding

Two edtech companies partner with Philippine BPO companies for front- and back-office requirements

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