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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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HABI weaves stronger future for Philippine textiles 

Every handwoven Philippine textile tells a story. HABI: The Philippine Textile Council wants to make sure buyers know the difference between an authentic heirloom and an imitation dressed up in tradition.

North America flights lift Philippine tourism growth

Airlines are ramping up flights between North America and the Philippines as robust demand continues to buck a broader slowdown in outbound travel from the US and Canada, reinforcing confidence in one of the country's most valuable tourism markets.

Naomi Johnson sets 400-m record in heat, wins silver in final

Naomi Johnson arrived in Ordos, China, chasing a medal. She left carrying something even heavier, a shiny silver, and a brand-new Philippine record.

China narrative on Batanes sparks fresh alarm

Chinese scholars' assertions over Batanes are fueling fresh concerns that Beijing may be laying the groundwork for future territorial claims, even without making an official declaration. SeaLight director Ray Powell said the narrative coincides with China Coast Guard patrols that have pushed east of Taiwan and into the Philippine Sea since June 1, expanding operations beyond the disputed West Philippine Sea and the first island chain. He warned that Batanes and the Bashi Channel hold strategic value in any Taiwan contingency. Former Surigao del Norte representative Robert “Ace” Barbers described the development as a “creeping invasion” and urged Filipinos not to amplify Beijing’s messaging.

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