Inside the Philippines: October 2022

Macro Developments: Inflation hits 4-year high and interest rate hikes expected

Philippine inflation rose to 6.9% in September from 6.3% in August

Central bank expected to raise interest rates

Acquisition Activity: Ayala and Gokongwei groups to merge banks; San Miguel to acquire major cement maker

Bank of the Philippine Islands (BPI) and Robinsons Bank Corp. (RBC) announce merger

San Miguel Corp. to acquire Eagle Cement for USD 1.6B

Startup Scene: Cloud kitchen CloudEats and online shipping platform Shipmates raise capital

Startups CloudEats and Shipmates raise USD 7M and USD 2.2M, respectively

Industry Spotlight: Blockchain and cryptocurrency in the Philippines

Binance looks to secure Philippine regulatory licenses through a company acquisition

First PH Blockchain Week to be held from 28 November to 4 December 2022 in Newport World Resorts in Pasay City

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