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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Doris Magsaysay-Ho first woman to win 2026 RVR Nation Building Award

Doris Magsaysay-Ho, president and CEO of A. Magsaysay Inc., is the 2026 Ramon V. del Rosario Nation Building Award recipient — the first woman to earn the honor.

Tighten gun laws after school shootings

The livestreamed shooting at a school affiliated with Ateneo de Zamboanga University should end the country’s familiar cycle of outrage, condolences, and calls for tighter security. It should instead trigger a harder look at how firearms are acquired, stored, and kept out of the hands of those who should never have them.

Epson robotics expansion signals Philippines’ manufacturing shift

Epson Precision Philippines Inc. (EPPI) is expanding beyond its established precision printing operations into industrial robotics manufacturing, adding to the Philippines’ push to attract higher-value, technology-driven investments.

VinFast electric motorcycles target Philippine road conditions

VinFast is positioning its new electric motorcycles as Philippine-ready two-wheelers, with engineering designed to handle the country’s heat, humidity, heavy rains, and flood-prone roads.

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