Insights

Inside the Philippines: October 2026

Macro Movements: September inflation jumps to 7.2%; growth forecasts cut as investment weakens

Inflation jumps to 7.2% in September, reversing four-month decline

ADB and S&P cut Philippine 2026 growth forecasts

Industry Insights: EU trade deal and AI infrastructure buildout widen investment opportunities

Philippines and EU reach substantial agreement on free trade deal

Philippines launches $34.4B AI infrastructure roadmap

Deals Spotlight: Mitsubishi expands Ayala stake; SteelAsia advances ₱19.8B Batangas plant

Mitsubishi invests ₱44.5B to raise Ayala stake to 15%

SteelAsia advances ₱19.8B Batangas steel manufacturing project

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Inside the Philippines: September 2026

Macro Movements: August inflation eases to 6.1%; peso breaches ₱62 as BSP hikes to 5%

Inflation eases to 6.1% in August, extending four-month downtrend

Peso breaches ₱62 per dollar to hit new record low

Industry Insights: Investment momentum and stable credit ratings support investment outlook

Four economic zone proclamations expected to attract ₱9.7B in investments

Moody's and R&I affirm Philippines' investment-grade ratings with stable outlooks

Deals Spotlight: Maynilad-K-Water advances ₱14.8B New Clark City PPP; ICTSI expands African footprint

Maynilad-K-Water consortium advances ₱14.8B New Clark City water PPP

ICTSI expands African footprint with acquisition of TLG

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Inside the Philippines: August 2026

Macro Movements: Inflation eases for a third straight month; Q2 growth slows to a post-2009 low

Inflation eases to 6.2% in July, its slowest pace since March

GDP growth slows sharply to 2.3% in Q2, weakest since 2009

Industry Spotlight: Marcos moves to cut power bills; EO 121 backs local EV manufacturing; developers brace for a property slowdown

Marcos urges Congress to strip system loss charges from power bills

Developers shed noncore assets as property slowdown seen lasting up to three years

Foreign Investment: Huaxin buys Holcim's Philippine cement business; Kansai Electric pumped-storage bet in the Philippines

Holcim to exit the Philippines in $807-million cement sale to China's Huaxin

Japan's Kansai Electric joins Razon and Lopez in 600-MW Wawa hydropower project

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Inside the Philippines: July 2026

Macro Movements: BSP turns more hawkish as inflation stays elevated above target

BSP hikes policy rate to 4.75% in June, the second increase this year

Inflation eases to 6.8% in May but stays well above BSP's target band

Industry Insights: Clark cements its place as the Philippines' next metropolis, anchored by global capital

Industry voices make the case for decentralization beyond Metro Manila

Lufthansa Technik to build second Clark aircraft maintenance hub, backed by Marcos-Steinmeier state visit

Capital Markets Watch: GCash anchors a revival in PSE capital raising

GCash parent Mynt files for record P92.3 billion ($1.5B) IPO, the largest in Philippine history

Deals Spotlight: DENR, aDryada seal landmark Samar rainforest restoration deal

DENR and aDryada ink landmark deal to restore 120,000 hectares of Samar rainforest

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Inside the Philippines: June 2026

Macro Movements: Economy Posts Weakest Growth in 5 Years; BSP Braces for Aggressive Tightening

Philippine economy posts weakest quarterly growth in five years at 2.8% in Q1 2026

Deutsche Bank warns of unanchored inflation risk; BSP may deliver 50 bps hike next

Industry Movements: El Niño Threatens Rice Output; Exports Sustain 16-Month Growth Streak

El Niño threatens to cut Philippine rice output by 700,000 MT, raising food security concerns

Philippine exports extend 16-month growth streak, reaching $29.93 billion in the first four months of 2026

Investment Insights: Philippines Draws $3.4 billion from Japan; AU and NZ Firms Eye Local Expansion

Philippines secures $3.4 billion in investment pledges from Japanese firms during Marcos state visit

Australian and New Zealand firms signal expansion plans following PEZA-led business mission

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Inside the Philippines: May 2026

Macro Movements: Fitch Revises PH Outlook; BSP Delivers First Rate Hike in 2 Years

Fitch Affirms Philippines’ BBB Rating; Outlook Revised to Negative

BSP Raises Policy Rate by 25 bps; First Hike in Two Years

Industry Insight: PH Government Releases 13th FINL; PH & US launches 4,000 Acre Economic Security Zone

Philippine Government Releases 13th Foreign Investment Negative List (FINL)

US and Philippines Launch 4,000-Acre Strategic Economic Zone (SEZ)

Deals Spotlight: Salmon Raises $100M; SG Firm Eyes 250 MW Solar Plant

Salmon Group Raises $100 Million to Scale Digital Banking Platform in the Philippines

Singapore Firm Eyes 250 MW Solar Project in Bataan

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