Inside the Philippines: June 2022

Macro Movements: 1Q 2022 GDP growth sees upswing; Central Bank raises key policy interest rate

Philippines’ 1Q 2022 GDP grows by 8.3% year-on-year

Local Central Bank raises key interest rate to 2.25%

New Administration: Marcos officially proclaimed next Philippine president

Ferdinand Marcos Jr. proclaimed president-elect of the Philippines

Deal Spotlight: Foreign investment manager acquires Clark office complex; Startups raise various funding rounds

CarVal Investors-backed Aeropark Development Philippines Inc. (ADPI) invests in West Aeropark and Xendit PH raise various funding rounds in May

Industry Watch: Telco sector sees opportunities for satellite internet, benefits from inclusion as gov’t priority

Starlink gets approval from National Telecommunications Commission (NTC)

Converge ICT secures approval for tax incentives

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