Inside the Philippines: December 2022

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

Download the full report