Inside the Philippines: February 2022

On the Upswing: Philippine economy expands by 5.6% in 2021, exceeding government’s target

Philippines’ 4Q 2021 GDP increases by 7.7%, raises full-year growth to 5.6%

Containing COVID: Government eases border controls, extends scope of vaccination program

Government eases border control measures as Omicron wave subsides

National vaccination program to begin inoculating kids aged 5 to 11

Spurring Investments: Foreign retailers face lower entry requirements; BoI targets approval of USD 20B in investments

Amendments to the Retail Trade Liberalization Act (RTLA) lower barriers to entry for foreign retailers

Board of Investments targets to approve USD 20B in investment pledges this 2022

Deal Spotlight: Local startups raise various funding rounds

GrowSari, BillEase, and BreederDAO raise various funding rounds in January

Industry Watch: IT-BPM industry is projected to grow by 7.1% in 2021

Everest Group projects the Philippine IT-BPM industry to grow by 7.1% in 2021

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