PRecious Philippines marks First Anniversary, forecasts over 40% growth in 2023

PRecious Communications, an award-winning multi-market integrated communications agency, celebrates the first anniversary of PRecious Philippines. Its local team posted incredible growth over the past year, driven by successful partnerships in the Philippine startup and tech spaces alongside major players in the B2B and corporate sectors.

“With its continued economic growth pegged at 6% this 2023, a digital economy that has recently passed the P2 trillion mark, and thriving business ecosystem, the Philippines is one of the most important markets for PRecious as it remains an attractive destination for companies seeking business opportunities, investment potential, and market expansion,” said Lars Voedisch, PRecious Communications’ Managing Director. “As PRecious Philippines celebrates its first anniversary, we are happy to grow along–and be a part of–the continued growth story of the country’s dynamic economy.” 

Lars Voedisch Managing Director PRecious Communications

Since its entry in 2022, PRecious Philippines has built a strong client base across various industries, including venture builders, insurtechs, digital lenders, and more. The growing client list includes the Philippines’ largest venture builder 917Ventures, the world’s largest visa outsourcing and technology services specialist for governments and diplomatic missions, VFS Global, regional insurtech Igloo, and the digital banking arm of Union Bank of the Philippines, UnionDigital Bank.

Prayaank Gupta Vice President for Growth and Innovation PRecious Communications

“PRecious Philippines has achieved remarkable growth in just one year, which proves just how its success is a testament to the talent and dedication of the team to consistently go above and beyond to deliver outstanding results for our partners,” said Prayaank Gupta, PRecious Communications’ Vice President for Growth and Innovation. “The Philippines was one of the fastest-growing market entries we’ve had. Its growth greatly contributed to the agency’s 40% growth year-on-year in 2022, particularly in tech, startups, and fincomms. We are optimistic that this will continue as we build stronger relationships with local and international brands.”

Looking Forward to More Success Stories

From a one-person team in June 2022 to now a team of close to ten consultants, PRecious Philippines was able to prove its mastery of the local and regional media landscape and provide strategic counseling that has helped local brands and players get regional traction and establish them as thought leaders not only within the country but across Southeast Asia.

Paolo Alba Philippine Country Lead and Regional Business Director PRecious Communications

“We established PRecious Communications in the Philippines a year ago to be a catalyst and help sustain the growth of the Philippine economy. Seeing the positive impact we’ve had on the success of our partners, we’re proud to say that we’ve been able to fulfill this mission. As the team embedded itself in our country’s thriving startup ecosystem, we were able to support the growth of the Philippines’ emerging sectors,” said Paolo Alba, PRecious Communications’ Philippine Country Lead and Regional Business Director. “This year, we expect to continue growing the business by more than 40% and expand our team by another 50%.”

Bringing Solutions and Services Tailored to Evolving Brand Needs

As companies continue to grow and expand, so do their brand needs and communication requirements. This is why PRecious Philippines is also building its capabilities to extend the agency’s Content, Strategy, and Insights (CSI) services alongside its marketing solutions into the market. These data-driven content and marketing services will help partners strengthen their thought leadership and increase brand visibility through bylines, white papers, and case studies amplified on owned platforms, among others.

“As we continue to leverage the team’s expertise and capabilities, we aim to replicate our in-market successes and best practices across the region to better serve our partners and offer services that align with their evolving needs and achieve their strategic objectives,” Paolo explained.

As PRecious Philippines celebrates its first anniversary, it continues to deliver outstanding results, drive growth, and forge stronger partnerships. The team looks forward to achieving even greater milestones and providing impactful integrated communications solutions for its clients in the Philippines and across the region.

ADVT