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ADB approves $500M loan for Philippine labor reforms

The Asian Development Bank (ADB) has approved a USD500 million policy-based loan to support the Philippine government in enhancing labor market programs aimed at improving the productivity and employability of Filipino workers. The loan will also assist in transforming the country’s investment environment to better support job creation and inclusive economic growth.

ADB approves $500M PH disaster resilience loan

The Asian Development Bank (ADB) has approved a $500 million policy-based loan to bolster the country’s disaster resilience and response capacity. The loan will support the Second Disaster Resilience Improvement Program, aimed at improving the country’s ability to manage natural hazards and health-related emergencies, ensuring quicker recovery and minimizing economic disruptions.

Agriculture struggles: Economic decline in Q4 2024 and full year performance

Agricultural production in the Philippines fell by 2.2 percent in the fourth quarter of 2024, marking a reversal from the 0.9 percent increase seen in the same period last year.

ADB invests $100M to power Ayala Corporation’s electric mobility vision in PH

The Asian Development Bank (ADB) has secured a financing package of up to USD100 million to support Ayala Corporation’s efforts to build a sustainable electric mobility ecosystem in the Philippines. The funding will be directed towards the procurement and installation of electric vehicle charging stations (EVCS) and the purchase of electric vehicles for commercial use, accelerating the country’s transition to cleaner transportation.

Monetary Board approves $3.21B public sector foreign borrowings in 4Q 2024

The Bangko Sentral ng Pilipinas (BSP) has approved USD3.21 billion in medium- to long-term foreign borrowings for the public sector in the fourth quarter of 2024.

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Converge steps up online child protection; blocked 12B harmful content requests in 2025

Fiber broadband provider Converge ICT Solutions Inc. has strengthened its efforts to create a safer online environment, particularly for children, denying nearly 12 billion requests to dangerous or inappropriate websites in 2025 and blacklisting more than 72,000 associated domains.

Marcos EO 122 sets unified critical minerals policy, links mining growth to shared national progress

President Ferdinand R. Marcos Jr. has issued Executive Order No. 122, establishing for the first time a single national policy framework to develop the country’s critical minerals sector—an action designed to position the country as a key player in the global clean-energy and technology supply chain while delivering broad economic and social benefits for Filipinos. Signed August 21, the order also restructures the Mining Industry Coordinating Council (MICC) to drive coordinated, strategic growth across the industry.

Maya puts users in control as it bolsters cybersecurity for digital financial services

Maya has stepped up its cybersecurity framework, placing greater control directly in users’ hands to help protect their accounts.

LG expands ‘fit & max’ appliance lineup: space-smart design without compromise on performance

For households navigating compact condos, apartments, or family homes, finding appliances that fit limited spaces without sacrificing capacity, performance, or convenience has long been a common challenge.

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