Inside the Philippines: July 2023

Macro Movements: GDP growth projections upgraded and new central bank chief named

World Bank raises its Philippine GDP growth forecast for 2023 to 6%

Philippine central bank signals rate pause until yearend, gets new chief

Industry Insight: Fresh asset infusions to boost local real estate investment trust (REIT) portfolios

AREIT to acquire five properties worth USD410M in swap deal

MREIT to acquire seven office buildings, banks on the sustained growth of the IT-BPM sector

Startup Scene: Value of Manila’s startup ecosystem surges to USD3.5B; Kaya Founders raises USD12M in fresh funds

Manila’s startup ecosystem valued at USD3.5B in 2022, ranks 10 th in affordable talent in Asia

Kaya Founders secures USD12M to invest in tech startups in Southeast Asia

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