Inside The Philippines

Melita Breen Press Releases

In this month’s inside look into the Philippines – Inflation in October soars to a nearly 14-year high; more interest rate hikes signaled. New measures implemented boost investments, allow 100% foreign ownership in renewable energy. Local conglomerates foray into the fast-emerging data center market. Retail tech startup Packworks to represent the Philippines at the 2023 Startup World Cup. Here are …

Philippine Economic Growth Slows to 7.4% as Inflation Bites

Melita Breen Uncategorized

⚫️ Consumer spending fell 2.7% in 2Q versus prior quarter ⚫️ Slower growth puts central bank’s tightening pace in spotlight (Photographer: Veejay Villafranca/Bloomberg) The Philippines’ economic expansion was slower-than-expected in the second quarter as the fastest inflation in almost four years hurt consumption, which is a key growth driver. Gross domestic product grew 7.4% in the three months through June …

PHILIPPINE DEVELOPMENT PLAN 2023-2028 TO PROVIDE ROADMAP TOWARDS SUSTAINED AND INCLUSIVE GROWTH — NEDA

Melita Breen Uncategorized

The Philippine Development Plan 2023-2028 (PDP 2023-2028) shall provide a roadmap toward unlocking sustained and inclusive growth for the Philippine economy despite the challenges brought by health, geopolitical, and other economic shocks. This is according to the National Economic and Development Authority (NEDA), which will spearhead the Plan’s formulation, oversee its implementation, and periodically report to the President and the …

Top 7 Fintech startups in Vietnam in 2022

Melita Breen Press Releases

Currently, Vietnam is one of the most dynamic start-up countries in Asia, an emerging digital ecosystem that is exploding with increasing funding from abroad… In 2021, Vietnamese startups raised a total of $1.5 billion, according to business consulting firm Nextrans Vietnam. In which, Fintech leads the way in venture capital (VC), accounting for 26.6% of total investment in startups in …

Filipino-Founded Startup Expedock Raises P747 Million in Series A Funding

Melita Breen Press Releases

The startup was co-founded by Filipinos in their early 20s. Now, they’re modernizing the supply chain industry. Filipino-founded supply chain startup Expedock has secured $13.5 million (P747 million) during its recent Series A funding. This brings the startup’s total funding amount to $17.5 million (P969 million) as of 2022. Expedock’s Series A round was led by Insight Partners, and participating …

E-Commerce: Packworks looks to power the pack of Philippine MSMEs

Melita Breen Press Releases

Join the pack. Meet Packworks! This Philippine startup’s here to build a super app to power every sari-sari store’s needs. Now, they’ve just raised a $2M seed. > “Sari-sari stores” are small roadside neighborhood shops, similar to “warungs” in Indonesia. Investor check. Logistics group Fast Group and CVC Capital Partners co-led the round. ADB Ventures, Arise, Techstars and Ideaspace Foundation …

PH to gain highest economic growth rate in ASEAN+3 in 2022, 2023

Melita Breen Press Releases

MANILA, Philippines — The Philippines is projected to record the highest economic growth rate in 2022 and 2023 among ASEAN Plus Three countries, according to Finance Secretary Benjamin Diokno on Wednesday. He said they have already submitted the DOF’s Medium-term Fiscal Consolidation Framework, which outlines targets during the term of President Ferdinand Marcos Jr. from 2023-2028. ADVERTISEMENT “We expect the …

The Philippines has the fastest growing e-commerce markets in SEA.

Melita Breen Press Releases

The Philippines has the fastest growing e-commerce markets in SEA. 80% of SEA mothers are household decision makers for purchases. However, there has been a lack of quality products and services in the SEA e-commerce industry. edamama has recognized this growing need of mothers and has provided them with quality baby care products through a seamless, personalized shopping experience. They …

Inside The Philippines: May 2022

Melita Breen Press Releases

In this month’s inside look into the Philippines – IMF expects the Philippines to be the fastest growing among the ASEAN-5 in 2022. ADB sees robust domestic demand fueling Philippine growth in 2022 and 2023. PLDT offloads 5,907 towers for USD 1.5 billion in largest Philippine asset sale to foreigners. Voyager raises USD 210 million, becomes the Philippines’ second unicorn. …

Vietnam on way to become new global manufacturing hub

Melita Breen Press Releases

Hanoi – Vietnam is now on its way to becoming a new global manufacturing centre. At a recent Investment Promotion Conference in Vinh Phuc province, K.C Chen, Deputy CEO of Compal Vietnam Co., Ltd (Taiwan) outlined the operation of its 500 million USD laptop factory in Vinh Phuc. According to him, the company is currently a manufacturer for Dell, Google …