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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