Connect with us


Philippine Stock Market Aims for Growth: Gaming and Tourism Boost Expected



Get ready for a promising journey through the landscape of the Philippines stock market in 2024, where optimism shines bright.

First Metro Investment, the financial powerhouse of the Metrobank Group, unveils a compelling outlook that anticipates significant growth. In this insightful exploration, we dive into the factors that fuel this optimism, with the gaming and tourism sectors poised to lead the way.

Positive Projections by First Metro Investment

First Metro Investment sets a buoyant tone for the Philippines stock market’s prospects in 2024. The stage is set for potential growth, with forecasts suggesting a robust performance in the Philippine Stock Exchange Index (PSEi), targeting a range between 7,000 and 7,500.

Factors Driving the Optimism

Cristina Ulang, First Metro’s research head, elucidates the rationale behind this bullish outlook. Improved investor sentiments and a decline in interest rates emerge as pivotal drivers, with expectations of an impressive 11 percent surge in corporate earnings during the year.

Gaming Sector’s Ascendancy

Ulang’s optimism extends to the gaming sector, where automation is propelling remarkable advancements. She spotlights the exceptional performance of non-index entities like Pacific Online Systems and DigiPlus Interactive in the past year. Major players such as Bloomberry Resorts and Megaworld, investing in gaming and hotels, are positioned as potential catalysts for market growth.


Tourism as a Key Player

In the mosaic of economic drivers, Ulang underscores the vital role of tourism. As she projects a revival in hotel occupancy and air travel, optimism swells for a resurgence in Chinese tourism, a pivotal contributor to the broader Philippine economic panorama.

A Glance Back at Tourism Success

Reflecting on 2023, the Philippines exceeded expectations by welcoming 5.4 million international visitors, surpassing the administration’s projection. South Korea emerged as the primary source, followed by the United States and Japan. The tourism receipts also witnessed an impressive surge, marking a 124.87 percent increase compared to 2022.

The Philippines stock market in 2024 stands on the threshold of a dynamic year, underpinned by bullish projections and an array of economic drivers. Gaming innovations, tourism resurgence, and a resurgence in investor confidence fuel the anticipation of robust growth. Stay tuned as the year unfolds, revealing the true potential of this thriving market.


Jerome, a valuable addition to the Gamingo.News team, brings with him extensive journalistic experience in the iGaming sector. His interest in the industry was sparked during his college years when he participated in local poker tournaments, eventually leading to his exposure to the burgeoning world of online poker and casino rooms. Jerome now utilizes his accumulated knowledge to fuel his passion for journalism, providing the team with the latest online scoops.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *


Gamingo.News stands as a premier digital destination dedicated to delivering top-tier news and insights in the gaming and gambling industry. This specialized media outlet garners the attention of over 120,000 readers each month, providing them with engaging content, current news, and in-depth analyses.
The platform offers extensive coverage of various facets of the gaming world, including both online and brick-and-mortar gaming, wagering, esports, updates on regulations and compliance, as well as technological innovations. Regular content includes daily news stories, press releases, unique interviews, and comprehensive reports on events.
Moreover, Gamingo.News organizes webinars pertinent to the industry and offers detailed reports, establishing itself as a comprehensive information source for those interested in learning about gaming market operators, suppliers, regulators, and professional services. The portal's main objective is to keep its large audience informed about the latest news, trends, and developments in the gaming and gambling sectors. It focuses particularly on the European igaming market but also covers significant global news, proving to be an invaluable tool for gaming professionals, operators, and enthusiasts.

For inquiries, reach out at:

For editorial or PR submissions, contact:

Copyright © 2024 Gamingo.News.