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.
The Energy Regulatory Commission (ERC) on Monday (24 August 2026) clarified that Negros Electric and Power Corp. (NEPC) was operating well within its allowable system losses cap after being wrongly identified as noncompliant with the cap for private distribution utilities (DUs).
Agriculture sector damage from the enhanced southwest monsoon and Tropical Cyclones Luis, Maymay and Neneng has risen to P1.91 billion, per the Department of Agriculture (DA) 12 noon advisory. This is up from the P1.79 billion reported August 22.
A Brown Co. Inc. is expanding its water business after securing authority to subscribe to an additional 20 million common shares in its subsidiary, AB Bulk Water Company Inc., as the group prepares to consolidate its water assets and pursue new projects.
The Securities and Exchange Commission (SEC) on Monday unveiled the next phase of its reform agenda, introducing targeted measures to cut red tape, speed up business formation, lower costs, and strengthen liquidity and competitiveness across the Philippine capital market. The announcement comes as SEC chairman Francis E. Lim marks his first year in office.