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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Japan poultry imports resume as DA lifts disease ban

The Department of Agriculture (DA) has lifted the import ban on domestic and wild birds from Japan, including day-old chicks and hatching eggs, after confirming the country is free of highly pathogenic avian influenza.

DOE works with BARMM MENRE to boost regional energy sector 

The Department of Energy (DOE) is partnering closely with the BARMM Ministry of Environment, Natural Resources and Energy (MENRE) to strengthen energy security, expand access, and develop local resources.

DOE ramps up waste-to-energy push, expands auction target to 400 MW

The Department of Energy (DOE) is accelerating its waste-to-energy (WTE) programs following President Ferdinand Marcos Jr.’s renewed directive to turn leftover waste into useful resources, amid growing concerns that garbage building up in waterways is contributing to flooding.

Meralco, PNP boost ties in combat vs power thieves, system loss

Manila Electric Company (MERALCO), led by Manuel V. Pangilinan, and the Philippine National Police (PNP) have renewed their shared commitment to stop electricity theft and the illegal taking of power distribution facilities and materials.

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