Melita Breen Vantage Point Articles
As we often note, it is important to ask: what is your quarrel with price? While markets are not efficient, it is a heroic assumption to say that they are collectively “wrong”. However, what you might suggest is that investors are complacent given some of the information we know about the probable path of interest rates, the dollar, and the …
Melita Breen Vantage Point Articles
Ferres cautions that US rates may climb to as high as 6% Hedge fund sells out of Alibaba, Tencent, Samsung, TSMC By Richard Henderson (Bloomberg) — Asian technology stocks will remain unattractive as the dollar rallies in tandem with investors capitulating on bets for interest rate cuts from the Federal Reserve, according to Vantage Point Asset Management’s Nicholas Ferres. “Everything that …
Melita Breen Press Releases
Here are the country’s latest market and industry highlights. Macro Movements: Forecast-beating economic growth in 2022 and projections for 2023 The Philippines’ GDP growth accelerated to 7.6% in 2022, the fastest growth in over four decades Fourth quarter GDP growth of 7.2% beat forecasts and brought full-year GDP expansion to 7.6%, above the government’s target of 6.5 to 7.5% and …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
