Insights

Inside the Philippines: February 2025

Macro Movements: PH economy posts 5.6% GDP growth in 2024; UN projects faster PH GDP growth in 2025, 2026

Philippine GDP expands by 5.2% in 4Q24, bringing 2024 full-year growth to a steady 5.6% amid challenges

United Nations (UN) forecasts higher 6.1% and 6.2% GDP growths for the Philippines in 2025, 2026

Industry Insights: IT-BPM revenues reach $38 billion in 2024; DOE expects additional 6,841 MW of power in 2025

IT-BPM industry generates $38 billion in revenues and 1.84 million in headcount amid strong demand from global firms

Department of Energy (DOE) reports an additional 6,841 MW of power plant capacity to go live in 2025

Deals Spotlight: Maynilad hires banks for $500+ million IPO; KKR hires Goldman to sell over 20% stake in Maya

GoTyme Bank to benefit from US$250 million Series D capital raise

Growtheum Capital invests US$121M in Mets Logistics to support cold chain expansion

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Inside the Philippines: January 2025

Macro Movements: DOF reports all-time high non-tax revenue; PH Investments surpass 2024 target

DOF records all-time high collections for non-tax revenue

Philippine investment agencies surpass 2024 Targets

Industry Insights: Philippines extends foreign land leases to 99 years; BOI green lane projects reach PHP4.5T

Philippines extending foreign land lease to 99 years from 75 years

BOI projects for green lane processing amount to PHP4.5T

Deal Spotlight: GoTyme stakeholder raises U$250M; Growtheum Capital invests US$121M in Mets Logistics

GoTyme Bank to benefit from US$250 million Series D capital raise

Growtheum Capital invests US$121M in Mets Logistics to support cold chain expansion

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Inside the Philippines: December 2024

Macro Movements: BSP may hold rates at 6%; Philippine internet economy growth tops SEA

BSP may hold off further rate cuts if inflationary pressures persist

The Philippines leads Southeast Asia with fastest internet economy growth

Region in Focus: CREATE MORE signed into law

President Marcos signs the CREATE MORE Act, roadshow being planned for 2025

Industry Insights: World’s largest solar battery facility breaks ground in the Philippines

President Marcos leads ground breaking of Meralco Terra Solar Project

Deal Spotlight: Jollibee acquires Tim Ho Wan; GCash to weigh record Philippine IPO

Jollibee Foods Corporation takes full ownership of Tim Ho Wan

GCash to potentially raise $1.5 billion in 2025

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Inside the Philippines: November 2024

Macro Movements: Philippine economy ranks 2nd fastest in SE Asia, strengthening amid economic reforms

Amro expects the Philippines to be SEA’s second-fastest growing economy in 2024 and 2025 amid easing policy rates/strong>

Philippine economy continues to drive growth with strategic reforms and strong labor force

Startup Watch: Philippine fintech startups secure major funding to drive innovation in underserved markets

AI-powered fintech OneLot raises $4 million to support used car market growth

Salmon raises $30 million with plans to boost its lending products

Deals Spotlight: Mitsubishi boosts GCash IPO prospects; Phinma Education expands with KKR investment

Ayala Corporation’s stake sale to Mitsubishi boosts GCash IPO prospects and expands global reach

KKR leads Php2.52 billion investment to strengthen Phinma Education’s reach and system improvements

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Inside the Philippines: October 2024

Macro Movements: World Bank projects 5.9% GDP growth for PHL; US Federal Reserve cuts rates by 50 bps

World Bank expects an average 5.9% growth for the country as easing interest rates may boost domestic consumption

US Federal Reserve lowers benchmark interest rate by half a percentage point, the first cut in 4.5 years

Business Movements: Bicam approves CREATE MORE bill; Japanese firms keen on further expansion in PHL

Bicameral Conference Committee approves the CREATE MORE bill

Five Japanese firms express keen interest to enter new investments in the Philippines

Deals Spotlight: ALI raises P2.72 billion from block sale; KKR, GIC hire banks to sell 80% stake in Metro Pacific Health

Ayala Land Inc. (ALI) raises P2.72 billion after selling 75 million common shares of AREIT at P36.2 pesos per share

KKR & Co. and Singapore sovereign wealth fund GIC hire banks to sell majority stake in $3.2 billion Metro Pacific Health

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Inside the Philippines: September 2024

Macro Movements: Philippine economy to lead ASEAN in growth

Moody’s Rating affirms Baa2 investment grade rating for the Philippines

S&P Global Ratings maintains a 5.8% growth forecast for the Philippines' GDP in 2024

Industry Insights: Malampaya invests US$180M in expansion; SBMA plans five projects worth P41.4B

Malampaya consortium investing an additional US$180 million to extend production life

Subic Bay Metropolitan Authority aims for P41.4 billion investments across five projects by 2028

Deal Spotlight: Local startups on Forbes Asia’s “100 to Watch” list; KKR begins sale of stake in Metro Pacific Hospital Holdings

Philippine local startups Lista, Mober and Zed included in Forbes Asia’s “100 to Watch” list

KKR-led consortium reportedly starts the sale process of 42.5% stake in Metro Pacific Hospital Holdings

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