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 (DA) has imposed a temporary ban on the importation of live animals and select animal products from seven countries in the Middle East and Europe following confirmed cases of foot-and-mouth disease (FMD).
Eighty individuals and organizations were recognized for helping turn tourism into a vehicle for diplomacy, cultural exchange and local economic opportunity at the 3rd Ambassador of the Year Awards of the Global Tourism Business Association (GTBA).
About 98,000 Meralco customers remained without electricity as of 10 a.m. Sunday as the enhanced southwest monsoon triggered flooding and damaged power facilities in several areas.
Globe Telecom is increasing its investment in data center infrastructure to meet growing demand for cloud services, artificial intelligence, streaming, gaming, and business applications.