Macro Movements: PH GDP expected to grow over 7%; BBB+ rating affirmed by S&P Global
National Economic Development Authority (NEDA) announces forecast of over 7% for PH 2022 GDP
S&P Global affirms BBB+ PH investment grade rating
Trade Relations: Philippines could sign RCEP trade agreement by early 2023
Department of Trade and Industry (DTI) optimistic of Senate’s concurrence to RCEP
Deal Spotlight: MUFG acquires Home Credit PH; Tonik aims to enter new market through TendoPay acquisition
Japanese holding company MUFG acquires Home Credit Philippines for USD 473M
Tonik Financial acquires TendoPay
Industry Watch: E-Commerce drives growth of digital economy
PH digital economy expected to reach a GMV of USD 35B by 2025