The Philippines is scheduled to borrow a total of $7.85 billion, or over ₱437 billion, from the Washington-based World Bank in the next two years under their new six-year lending program aimed at supporting the climb to upper-middle-income country (UMIC) status. The country partnership framework...
The Philippines’ first free trade agreement (FTA) with a Middle Eastern country is expected to be signed next month with the United Arab Emirates (UAE), which will likely set the stage for more substantial investments from sovereign wealth funds. In a business forum hosted by the Dubai Chamber of...
The board of executive directors of the Washington-based World Bank has approved the group ’ s new lending program, or so-called country partnership framework (CPF), for the Philippines covering the years 2026 to 2031, with a focus on boosting investment in education, health, job creation,...
Aboitiz InfraCapital (AIC), the infrastructure unit of the Aboitiz Group, is aiming to deliver long-term water security in Iloilo City after bagging the original proponent status (OTS) for its proposal to construct and operate the city’s bulk water facility. AIC said the OPS to develop the Iloilo...
President Marcos called on all government units and agencies and international partners to be part of the global commitment to open governance. President Ferdinand 'Bongbong' Marcos Jr. delivers a speech at the 2025 Open Government Partnership (OGP) Asia and the Pacific Regional Meeting (APRM) held...
Department of Trade and Industry (DTI) Secretary Cristina Roque affirmed that the government is committed to enhancing its partnership with the private sector, pointing out its significance in driving economic growth. In a keynote address before a crowd of business leaders, Roque said the synergy...
The Philippines’ hosting of the upcoming Open Government Partnership (OGP) Asia and the Pacific Regional Meeting (APRM) serves as a strong demonstration of the country’s commitment to transparency and accountability. Department of Budget and Management (DBM) Amenah Pangandaman issued this...
Executive Secretary Lucas Bersamin has encouraged all government officials, civil society leaders, and policymakers to participate in advocating a transparent and accountable governance. Executive Secretary Lucas Bersamin speaks during the media launch of the Open Government Partnership (OGP)-Asia...
While stating that the Philippines has yet to achieve zero hunger, President Marcos reiterated that no Filipino will be overlooked in the government's fight against hunger and poverty. President Ferdinand 'Bongbong' Marcos Jr. (Noel Pabalate) Marcos said this during the presentation of the signed...
Senator Raffy Tulfo strongly opposed the proposal to privatize, in any capacity, the operations of the Philippines’ Communications, Navigation, and Surveillance/Air Traffic Management system (CNS/ATM) through a Public-Private Partnership (PPP). Tulfo, who chairs the Senate Committee on Public...
"Nowhere to go but up." The Philippines and the Republic of Korea (South Korea) officially elevated their 75-year diplomatic relationship to a strategic partnership, citing common values and robust partnerships in various fields. ELEVATING TIES — President Ferdinand 'Bongbong' Marcos Jr. meets...
A whopping scale of capital mobilization that will reach as much as $500 billion (roughly P27.5 trillion) will have to be concretized so the country’s energy systems will be substantially decarbonized, according to the Department of Energy. As cited by the energy department, “the Philippines is...
