ADB to fund PH irrigation, logistics in $1.5B rice drive
The Asian Development Bank (ADB) is allocating up to USD500 million for the Philippines under a new USD1.5 billion regional program aimed at transforming rice farming practices across the Asia-Pacific, with a strong policy focus on sustainability, climate adaptation, and food security.
Fuel cost surge continues: up to P0.95/L increase Tuesday
Motorists will face higher fuel costs starting Tuesday as major and independent retailers implement across-the-board price hikes. Gasoline prices will increase by P0.60 per liter, diesel by P0.95, and kerosene by P0.30, marking the fourth straight week of increases for gasoline.
Creit eyes major solar deal with CREC by year-end
Citicore Energy REIT Corp. (Creit) announced plans to acquire 250 megawatts (MW) of solar assets from its sponsor, Citicore Renewable Energy Corp. (CREC), by year-end, reinforcing its strategy to grow its sustainable energy footprint.
Atome secures $75M to boost PH expansion
Atome, Southeast Asia’s largest buy now, pay later (BNPL) platform and a key business under the Advance Intelligence Group, has secured a USD75 million asset-backed financing from Lending Ark, part of the Lending Ark Asia Secured Private Debt Fund advised by CITIC Securities CLSA Capital Partners (HK) Limited.
DICT targets 8M new digital jobs by 2028
The Department of Information and Communications Technology (DICT) on Monday, in response to President Ferdinand Marcos Jr.'s directive to drive inclusive digital growth, announced plans to create eight million new jobs in the digital sector by 2028. This initiative is part of the administration’s broader vision of a “Digital-First Economy,” aiming to make digital opportunities accessible to all Filipinos, including those in remote and underserved communities.
