Tag: World Bank

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WB approves record $1.02B Philippine energy, water loan

The World Bank Group has approved a record USD1.02-billion financing package for the Philippines, backing reforms aimed at lowering electricity costs, strengthening water security and accelerating the country's transition to cleaner energy.

Philippines targets 3 sectors for jobs boom

The Philippine government is pinning its next employment surge on three high-growth industries—business process outsourcing (BPO), semiconductors, and renewable energy, said Finance Secretary Frederick Go.

World Bank cuts Philippine growth forecast as global risks rise

The World Bank expects Philippine economic growth to slow to 3.7 percent in 2026, down from 4.4 percent in 2025, according to its East Asia and Pacific (EAP) outlook released on April 8.

World Bank $1B financing targets Philippine farm transformation

At least five million Filipino farmers are poised to benefit from a USD1-billion World Bank financing package aimed at accelerating a nationwide shift toward higher productivity, diversification, and climate resilience—an overhaul long seen as critical to stabilizing food supply and rural incomes.

World Bank backs Philippines reform agenda with $800M loan

The World Bank has approved an USD800-million financing package for the Philippines aimed at strengthening fiscal resilience, improving the business climate and equipping Filipino workers with skills needed for higher-quality jobs.

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SBMA port revenues up 8% as Subic bolsters supply security

The Subic Bay Metropolitan Authority (SBMA) is strengthening Subic Bay’s role as a logistics and supply chain hub, with its Port Operations Group posting an 8 percent increase in consolidated gross revenue to P874 million in the first half of 2026 despite global economic pressures.

PH-Türkiye air pact opens new travel opportunities 

The Philippines is set to expand air connectivity with Türkiye, doubling Manila-Istanbul flight capacity and creating more opportunities for tourism, trade, and business.

SM Hotels turns training into second chances

SM Hotels & Conventions Corp. (SMHCC) is using hospitality training to help Persons Deprived of Liberty (PDLs) build skills, find jobs, and prepare for reintegration into society.

Eala gets Ruse redemption, advances in Cincinnati Open

Alex Eala finally got her shot at Elena-Gabriela Ruse, but the redemption came with an asterisk.

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