Inside the Philippines: September 2022

Macro Movements: 2Q 2022 GDP growth meets gov’t target; Central Bank implements further interest rate hike

Philippines’ 2Q 2022 GDP grows by 7.4% year-on-year

Local Central Bank raises key interest rate to 3.75%

Spurring Investments: Foreign investment pledges more than double in 2Q 2022

Foreign commitments amount to USD 811M in 2Q 2022

Deal Spotlight: Globe forges USD 1.25B sale for its telco towers; Local startups raise Series A funding rounds

Globe Telecom to sell telco towers for USD 1.25B

Startups Edamama and Expedock bag Series A funding

Industry Watch: IT-BPO industry to continue steadfast growth

Local IT-BPO industry expects to grow revenues by 10% in 2022

Download the full report