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.
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.
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.
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.
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.
The Department of Agriculture is fast-tracking the Clark National Food Hub with the full backing of President Ferdinand R. Marcos Jr., moving the project from planning to construction.
Metro Pacific Tollways Corp. and San Miguel Corp. are fast-tracking negotiations to consolidate their tollway operations into a single giant infrastructure platform, targeting to finalize the landmark deal within the year.
Aboitiz InfraCapital Bohol Airport Corporation (ABAC) will invest P4.53 billion to modernize and expand the Bohol-Panglao International Airport (BPIA) under a 30-year public-private partnership (PPP) concession agreement, aimed at boosting capacity and supporting the province’s fast-growing tourism sector.
Globe Telecom is supporting national and local government efforts to create a single, unified policy for underground conduit infrastructure, aiming to curb rampant fiber cable theft that frequently disrupts internet and mobile services across the country.