Macro Movements: BSP to hold policy rates steady; Philippine credit given investment-grade rating
BSP retains hawkish stance as rice inflation and El Nino risks drag CPIJapan Credit Rating Authority maintains stable outlook on Philippine Economy
Insights
Inside the Philippines: April 2024
Japan Credit Rating Authority maintains stable outlook on Philippine Economy
Inside the Philippines: March 2024
Macro Movements: Moody’s Analytics increases Philippines growth forecasts; World Bank predicts stable inflation
Moody’s Analytics raises Philippines’ 2024 growth forecasts amidst strong export demand for electronicsWorld Bank expects Philippine inflation rate to remain within central bank’s 2-4% target range throughout 2024
Industry Insights: STT GDC Philippines expands data center capacity to 150 MW, a strategic milestone for the sector
Joint venture involving Globe, Ayala Corp, and ST Telemedia expands data center capacityInvestment Updates: IFC targets $400 to $500 investment in Philippines’ opportunity-rich landscape
IFC commits climate-smart investments between $400 and $500 in the PhilippinesDeal Spotlight: AEV and CCEP acquire CCBPI; SMC wins bid for NAIA
AEV and CCEP completes $1.8 billion acquisition of CCBPI, the bottling arm of Coca-Cola San Miguel Corp (SMC) wins P170.6-billion to upgrade Ninoy Aquino International Airport (NAIA)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 peersPhilippine 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 ClarkIndustry 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 2024Inside 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 countriesNovember 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 levelsDeal 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 2024Inside 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 mixMarket 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 PhilippinesInside 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 peersPhilippine central bank likely to keep rates unchanged in November meeting