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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Aboitiz Renewables named ASEAN’s top clean energy producer

Aboitiz Renewables Inc., the clean energy arm of Aboitiz Power Corp., has been voted Independent Power Producer of the Year at the Enlit Asia Power & Energy Awards 2026.

Alas Pilipinas men’s team battled South Korea broke

The Alas Pilipinas national men’s volleyball team put up a gallant stand before dropping a tight contest in straight sets, 16–25, 25–27, 22–25, to South Korea in their opening match of the 20th Asian Games Aichi-Nagoya on Sunday.

₱310.9M Nueva Vizcaya farm road breaks ground

The Department of Agriculture (DA) broke ground Sunday on the P310.9-million Pangawan–Banao farm-to-market road project in Nueva Vizcaya.

El Niño farm damage hits P6.87B; food costs set to rise

The Department of Agriculture (DA) reports initial damage from the ongoing El Niño has reached P6.87 billion, hitting crops and livelihoods across the country and raising concerns over food supply and consumer prices.

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