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 the country’s latest market and industry highlights.

Source: SofCap Partners