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.
Bloomberry Resorts Corp. is leaning harder into digital gaming and cost discipline as weak demand from VIP and premium mass players keeps pressure on its traditional gaming business.
Rockwell Land Corp. delivered a stronger first half in 2026 as robust residential sales and an expanding commercial business pushed revenue and profit sharply higher, while also allowing the property developer to raise its dividend to a record level.
Economic growth has lifted millions of Filipinos out of poverty over the past 15 years, but many remain close enough to the poverty line to be pushed back by the next serious flood, conflict, or economic shock.
Fair pay, it turns out, is not quite the same thing as happy pay. Filipino employees may believe they are being paid fairly, but a much smaller share say they are happy with their salaries, highlighting a growing challenge for employers trying to retain talent without simply throwing bigger raises at the problem.