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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PEZA investments double to P216.5B in eight months

Investment approvals by the Philippine Economic Zone Authority more than doubled in the first eight months of 2026, putting the agency within reach of its P300-billion full-year target with four months remaining.

KairoTech, Packworks launch sari-sari retail media network

KairoTech and Packworks are developing a retail media network built around the Philippines’ ubiquitous sari-sari stores, creating a potential new advertising channel that links digital campaigns with consumer activity in local communities.

Converge backs Cebu MSMEs in TikTok Shop expansion

Converge ICT Solutions Inc. is extending digital support to Cebu entrepreneurs as government and industry partners seek to help micro, small, and medium enterprises turn social commerce into a sustainable growth channel.

SEC warns public vs fake Facebook pages impersonating Just Smile Lending Corp.

The Securities and Exchange Commission (SEC) has issued a public advisory warning against fraudulent Facebook pages falsely claiming to represent Just Smile Lending Corp., highlighting heightened regulatory vigilance to protect consumers and legitimate businesses.

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