Insights

Inside the Philippines: February 2024

Macro Movements: Sustained Philippine economic growth and potential interest rate reduction in 2024

World Bank and S&P forecast accelerated growth for the Philippines, surpassing regional peers
Philippine central bank maintains its hawkish stance but indicates the possibility of a rate cut

Region in Focus: Clark as an emerging hub in Asia for global logistics companies

Three global logistics firms to invest USD 1 billion and set up regional hub in Clark

Industry Insight: Growing attractiveness of the Philippines for renewable energy investments

Philippines named as a top destination for renewable energy investments Citicore gets the green light for its PHP 12.9 billion initial public offering (IPO)

Deal Spotlight: Six IPOs seen in the PSE for 2024

PSE expects to double the number of IPOs in 2024

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Inside the Philippines: January 2024

Macro Movements: Banks uphold positive GDP growth outlook, November Inflation print reaches 14-month low at 4.1%

IMF, ADB, and BSP upholds positive GDP growth outlook for PH amid downturn predictions in other SEA countries
November Inflation print reaches 14-month low, BSP signals higher-for-longer monetary policy on interest rates

Investment Updates: BOI and PEZA reach 2023 investment targets

Board of Investments reached a record high on approved investments in 2024, driven by the Renewable Energy sector Export-oriented Philippine Economic Zone Authority (PEZA) anticipates investment rebound to PHP 250B to 300B levels

Deal Spotlight: Cosco Capital to enter RE sector, Dagupan Electric Co and Citicore Renewables to expand through IPO

Cosco Capital to acquire 60% stake in Catuiran Hydropower Corp, marks its entry in the RE sector Dagupan Electric Corporation scheduled to IPO on January 2024 Citicore Renewable Energy Corporation, the second largest solar producer, gears up for a PHP 12.9B IPO in March 2024

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Inside the Philippines: December 2023

Macro Movements: Philippines maintains BBB+ rating; World Bank anticipates 5.8% growth rate in 2024

S&P Global Ratings reaffirms Philippines’ investment grade rating of BBB+
World Bank expects Philippines to grow by 5.6% this year and up to 5.8% in 2024

Industry Insights: Philippines ranks 4th for power sector investments; Manila Electric Co. explores nuclear power

The Philippines ranks as the 4th most attractive emerging market for power sector investments Manila Electric Co. explores integrating nuclear power into Philippines’ energy mix

Market Movers: Edamama secures USD35M Series A+ funding; Paywatch expands to the Philippines

Edamama raises over USD35M in Series A+ funding Paywatch earned-wage access provider set to enter the Philippines

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Inside the Philippines: November 2023

Macro Movements: Philippines seen to lead regional growth, signals pause in monetary tightening

International Monetary Fund (IMF) expects the Philippine economy to outperform regional peers
Philippine central bank likely to keep rates unchanged in November meeting

Industry Insight: Growing local office market activity to be driven by the outsourcing sector

Colliers sees continued growth in Philippine office market transactions in 2024

Deal Spotlight: Warburg Pincus to acquire stake in healthcare BPO firm Everise

Warburg Pincus set to acquire stake in Everise, plans expansion through mergers and acquisitions (M&As)

Startup Scene: Local startups eye USD1B in funding this year; local digital economy seen to reach USD150B by 2030

Philippine startups expect to raise over USD1B in fresh capital for third straight year Philippine digital economy projected to reach up to USD150B by 2030 amid continued e-commerce boom

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Inside the Philippines: October 2023

Macro Movements: Philippines remains fastest-growing economy in the region; Economic rebound expected in H2 2023

Philippines continues to be the region's fastest-growing economy despite foreign banks' downgraded GDP forecasts
Philippines optimistic on an economic rebound in H2 2023

Industry Insights: PH REITs as catalysts for economic recovery; Filinvest REIT fostering sustainable development

Philippine REITs positioned to propel the economy
Filinvest REIT Corp driving sustainable development forward

Market Movers: Philippine companies among TIME’s World’s Best Companies; PSE Index Constituents revamped

Six Philippine corporations make it to Time Magazine’s World’s Best Companies
PSE Index to be revamped removing Aboitiz Power, Union Bank, and Metro Pacific Investments Corp

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Inside the Philippines: September 2023

Macro Movements: Philippine Q2 GDP growth at 4.3%; August inflation rises to 5.3%

Philippine GDP target growth rate remains attainable despite economic slowdown
Philippine headline inflation rose to 5.3% in August

Industry Insights: DITO receives new capital; PLDT expands data center business

DITO Holdings Corp. welcomes three new investors
PLDT targeting 25% growth in its data centers

Market Movers: Philippine companies part of Forbes Asia watch list; Maynilad planning for 2025 listing

9 Philippine companies included in the annual watch list of Forbes Asia
Maynilad considering $1B IPO

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