Inside the Philippines: June 2021

Containing COVID: Vaccination drive continues and additional stimulus nears legislative approval

Over 1 million people have been fully vaccinated as of the end of May

The third stimulus package seeks to allot USD 8.4B in pandemic-related subsidies

Recovery and Resilience: S&P affirms its BBB+ rating on the Philippines and assigns a ‘stable’ economic outlook

S&P Global Ratings expects a healthy economic recovery alongside strengthening fiscal performance in the PH

Deal Spotlight: Largest IPO in the Philippines, thriving REIT pipeline, and recent fundraising

Food manufacturer Monde Nissin Corp. debuted on the stock market raising USD 1B in the country’s largest IPO

Property developers Robinsons Land Corp. and Megaworld Corp. are eyeing REIT listings in the 2nd half of 2021

Great Deals E-commerce Corp. raised USD 30M in its Series B round

Investing in Artificial Intelligence (AI): National AI roadmap launched

Philippines aims to become an ‘AI Center of Excellence’ serving as a big data processing hub

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