Containing COVID: PH Government expands vaccination program scope and implements new lockdown systems
Over 45 million vaccine doses have been administered as of 30 September 2021
Metro Manila pilots alert level systems and granular lockdowns
Growth Outlook: Local contact centers/BPOs expect to outpace global growth while ADB retains PH GDP outlook
Local contact center/BPO sector to grow revenues by 9% in 2021, expand employees by 8-9%
ADB retains its growth outlook for the Philippines
Deal Spotlight: Robinsons Land set to IPO largest REIT; Local cryptocurrency exchange PDAX raises capital
Robinsons Land’s RL Commercial REIT and Megaworld’s MREIT debut the market
Foreign VC firms back more local startup deals
Industry Watch: Banking sector’s NPL ratio to settle at 5-6% for 2021; Online grocery market shows growth prospects
Moody’s downgrades PNB’s credit rating to Baa3
Local online grocery market set to reach USD 1B value by 2025