On the Upswing: Philippine GDP growth to outpace regional peers
The Asian Development Bank (ADB) raises its Philippine GDP growth projection for 2022 to 6%
Industry Insight: IT-BPM sector to sustain growth trajectory & drive office space demand
The Department of Trade and Industry (DTI) expects the outsourcing sector to lead the diversification of exports
Outsourcing firms are seen to drive office demand over the medium term
Typhoon Rai (Odette) disrupts Cebu’s IT-BPM sector
Emerging Industry: e-Commerce sector to post 17% annual revenue growth until 2025, attracts foreign funding
Philippine e-commerce sales are projected to hit USD 10.3 billion by 2025
IFC mulls USD 10 million investment in Philippine-based B2B e-commerce platform GrowSari
Investor Interest: PSE named as best bourse in SEA for record deals in 2021
Philippine Stock Exchange (PSE) raised a record PHP 234.5 billion (USD 4.7 billion) last year
Download the full report
On the Upswing: Growth targets upgraded as GDP growth exceeds expectations
Philippine GDP expanded 7.1% year-over-year in 3Q 2021 led by strong household consumption
Goldman Sachs, Maybank, Fitch Ratings, and S&P Global Ratings raise 2021 and 2022 Philippine growth projections
Industry Insight: REITs bullish on the Philippine real estate market
REITs are looking to grow their portfolios and more REITs are expected to launch in the coming years
Logistics on the Move: Acquisitions, investments, and expansions in the logistics space
Ayala Corporation’s AC Logistics is acquiring a majority interest in Air21 and partnering with Glacier Megafridge
LBC Express Holdings is investing up to USD 40M in its wholly owned subsidiary, LBC Express, Inc.
SM Group-backed logistics firm Airspeed is opening three new warehouses as e-commerce demand continues to rise
Emerging Industry: Philippine play-to-earn gaming startup attracts Andreessen Horowitz
Andreessen Horowitz (a16z) led the USD 4.6M investment in the Philippines’ Yield Guild Games (YGG)
Download the full report
COVID-19 Status: Philippines expands COVID-19 vaccination to children
Philippine government allows COVID-19 vaccination of children aged 12 - 17
Investor Insight: Warburg Pincus’ views on Philippine Market; Mynt achieves double unicorn status
Warburg Pincus views the Philippines as a priority market
Mynt achieves “double unicorn” status after securing USD 300M in its latest funding round
Deal Spotlight: Investments in energy & technology
JERA invests USD 1.5B in Aboitiz Power while KKR increases its stake in Philippine energy firm First Gen
Philippines social entertainment platform Kumu closes its series C round led by General Atlantic
Cloudeats secures USD 5M in its series A round led by Vulpes Investment Management and Gobi Partners
Industry Insight: Philippine e-commerce and office market
Facebook and Bain & Company’s Southeast Asia digital economy study shows promising prospects for the Philippines
Philippine office market seeing signs of recovery
Download the full report
Containing COVID: PH Government expands vaccination program scope and implements new lockdown systems
Over 45 million vaccine doses have been administered as of 30 September 2021
Metro Manila pilots alert level systems and granular lockdowns
Local contact center/BPO sector to grow revenues by 9% in 2021, expand employees by 8-9%
ADB retains its growth outlook for the Philippines
Deal Spotlight: Robinsons Land set to IPO largest REIT; Local cryptocurrency exchange PDAX raises capital
Robinsons Land’s RL Commercial REIT and Megaworld’s MREIT debut the market
Foreign VC firms back more local startup deals
Industry Watch: Banking sector’s NPL ratio to settle at 5-6% for 2021; Online grocery market shows growth prospects
Moody’s downgrades PNB’s credit rating to Baa3
Local online grocery market set to reach USD 1B value by 2025
Download the full report
Containing COVID: Vaccination drive continues
Over 33 million vaccine doses have been administered as of August 31
Key Philippine companies reach critical mass in their vaccination drives
Recovery and Resilience: Infrastructure spending and foreign direct investments drive the economic recovery
USD 24B earmarked for infrastructure projects in 2022
Foreign investments approved by PEZA in 1H 2021 post year-on-year growth
Deal Spotlight: Robinsons Land set to IPO largest REIT; Local cryptocurrency exchange PDAX raises capital
Robinsons Land REIT’s USD 1.3B IPO set for 14 September 2021
PDAX raises USD 12.5M from foreign and local investors
Gaining Ground: Local startup ecosystem continues to capture interest
Four Philippine-based startups land in Forbes Asia 100 to Watch list
Download the full report
Containing COVID: On vaccinations and quarantine measures
Over 21 million vaccine doses have been administered as of August 3
Metro Manila to be placed under strict two-week lockdown in mid-August to curb the transmission of the Delta variant
Build, Build, Build: Infrastructure projects see completion and continued progress throughout the pandemic
Big-ticket aviation projects and bridges have recently been completed
Construction is ongoing on several rail, road, and aviation projects
Deal Spotlight: Filinvest REIT set to IPO and local fintech start-up NextPay raises capital
Filinvest Land REIT IPO slated for up to USD 250M debut on 12 August 2021
NextPay raises USD 1.6M from foreign and local venture capital firms
Investor Interest: Local conglomerates launch venture capital funds
Media company GMA Network joins several local corporations in forming funds focused on early-stage investing
Download the full report
