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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Public, private sectors boost Central Visayas PPP readiness

Public and private sector leaders gathered July 28–29, 2026 at Cebu Parklane International Hotel for the PPP Ready seminar, uniting to strengthen collaboration and speed up infrastructure development across Central Visayas.

Clark woos Chinese tourists with experiences

Clark is making a play for more Chinese tourists by selling experiences, not just destinations.

Aesthetic medicine gets real about confidence

For a growing number of consumers, the goal of aesthetic medicine is no longer to look like someone else. It is to feel more like themselves.

Philippine crafts find new edge as AI reshapes demand

As artificial intelligence, automation, and mass production reshape consumer markets, demand for handmade and distinctive products is creating fresh opportunities for Philippine crafts and design exporters.

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