Macro Developments: Upgrades in GDP growth forecasts and downtrend in unemployment
HSBC and Moody’s raise Philippine GDP growth projections
Unemployment eases to the lowest level since the pandemic
Industry Watch: Outsourcing outperforms targets; office leasing sees uptick in demand
Philippines’ business process outsourcing (BPO) industry exceeded growth targets in 2021
Demand for office space increases in the first half of 2022 driven by take-up from the BPO sector
Going Public: Capital raising activity and a new real estate investment trust (REIT)
Capital raising in the local stock market amounted to USD 1.1B in the first half of 2022
First Steps: New Philippine President takes the helm
President Ferdinand Marcos Jr. has been sworn in as the Philippines 17th president