Tag: World Bank

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Cheaper power could unlock 161,000 jobs, World Bank says

Accelerating power sector reforms could slash electricity prices, create more than 161,000 jobs and lift about 730,000 Filipinos out of poverty by 2030, with the World Bank arguing that lower energy costs may be one of the country's biggest catalysts for faster and more inclusive economic growth.

World Bank approves P15.6B Philippine water security project

The World Bank Group has approved a USD268.6-million, or about P15.6-billion, water and sanitation project for the Philippines that is expected to create up to 46,500 jobs over the next 25 years while improving climate resilience in three island provinces.

Business groups hail upgrade, press for deeper reforms

Foreign business groups welcomed the Philippines' elevation to upper middle-income economy status as a strong endorsement of the country's economic progress, while urging the government to accelerate reforms needed to convert the milestone into sustained investment and long-term growth.

Philippines’ income upgrade boosts growth, investment prospects

The Philippines' elevation to upper-middle-income status by the World Bank is expected to strengthen investor confidence and bolster the country's appeal as an investment destination, marking a new phase of economic development while raising expectations for broader, more inclusive growth.

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.

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LG opens new HVAC Academy and Innovation Center in Pasig, bringing advanced building solutions closer to Filipino users

LG Electronics Philippines has officially launched its new HVAC Academy and Business Innovation Center (BIC) in Pasig City, creating a dedicated space to boost knowledge and showcase the brand’s latest technologies. The facility serves as a hub for engineers, contractors, architects, and business partners to sharpen their skills and experience LG’s commercial solutions directly. It combines hands-on technical training with live demonstrations covering smart building systems, information displays, IT tools, and commercial laundry technologies.

PRSP returns to Cebu, appoints first Visayas chair to strengthen regional voice 

PRSP returns to Cebu, appoints first Visayas chair to strengthen regional voice Corporate bulletin After years of keeping its main activities centered in Metro Manila, the Public Relations Society of the Philippines (PRSP) is making history this October 14 as it returns to Cebu and names its first-ever Visayas Regional Chair in its 69-year existence. Titled “STEWARDING PRSP: Amplifying Voices, Building Trust,” the one-day event will gather PR and communications professionals, government and corporate leaders, educators, and students to push for stronger regional representation, better professional standards, and truthful, responsible communication across the country. Doris Isubal-Mongaya, founder and chief executive officer of PRWorks Inc., will officially take on the role of PRSP Visayas Regional Chair — a milestone meant to give Visayas-based practitioners a clearer, louder voice within the national PR community. New members from the region will also be formally inducted into the society during the gathering. “PR cannot be Manila-centric if we want to build a stronger profession,” said PRSP President Ana Pista, APR. “The stories, challenges and expertise of our regions must be part of the national conversation. This is what it means to steward PRSP.” The event will run across two venues. The morning session, from 8:30 a.m. to noon at Event Screen 2 on the third floor of SM City Cebu, focuses on advancing professional practice through the PRSP Professional Development Program. Topics will cover measuring communications effectiveness, handling crises, and communicating responsibly — including the ethical use of artificial intelligence — led by industry experts Jeremiah Rodrigues of CARMA, Paul Michael de Quiros of Full Circle Communications, and Pista herself. This session is open to government and corporate professionals with a registration fee of ₱2,000. In the afternoon, the program shifts to the THINKaMuna: Media and Truth Forum, held from 1 p.m. to 5 p.m. at the Cube Wing Atrium of SM Seaside City Cebu in partnership with MediaQuest Holdings Inc. and THINKaMuna Pilipinas. The free public forum will tackle the spread of misinformation and disinformation and their impact on public trust. Speakers include Mon Isberto of MediaQuest and THINKaMuna Pilipinas, Bea Coronel of TikTok Philippines, and closing remarks from Pista. It is open to all students, educators, and industry practitioners. This Cebu gathering marks a key step in PRSP’s broader push to expand its regional footprint — bringing professional training, leadership opportunities, and advocacy closer to those working outside Metro Manila. The event is made possible through the support of sponsors PMFTC Inc., Meralco, and CARMA.

Analyst flags P1M card charges in Duterte impeachment trial

A forensic financial analyst on Friday identified more than P1 million in credit-card transactions involving retail stores and a restaurant in Japan, Malaysia, and the Philippines during proceedings in Vice President Sara Duterte’s impeachment trial, as House prosecutors scrutinized the financial records of Duterte and her husband, lawyer Manases Carpio.

Forensic accounting connects the dots

Forensic accounting is where spreadsheets lose their innocence, receipts acquire personalities, and money is asked to explain where it has been hiding.

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