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.
Filinvest Land Inc. (FLI) has joined a growing roster of major property developers supporting the government’s Expanded Pambansang Pabahay para sa Pilipino (4PH), widening the housing inventory and financing options available to qualified homebuyers.
International visitor arrivals to the Philippines edged up to 4.42 million in the first eight months of 2026, as the Department of Tourism (DOT) rolled out a public data dashboard aimed at improving transparency and giving industry stakeholders better information for planning and investment decisions.
Federal Land Inc. Chairman Alfred Ty remains optimistic about the Philippine property market, saying developers are positioned to weather the current downturn as the sector works through elevated inventory and prepares for a gradual recovery.
Palay and corn production may decline sharply in the third quarter, with the latest estimates from the Philippine Statistics Authority pointing to smaller harvest areas for both crops and weaker corn yields.