The World Bank has released an initial $248 million, or over ₱15 billion, from its $1-billion financing for the Philippines to jumpstart the government’s ambitious agriculture modernization program aimed at boosting food production, strengthening climate resilience, and modernizing food supply...
More idle government assets valued at roughly ₱30 billion are expected to be disposed of through privatization as the government successfully completed the ₱1-billion sale of one floor of Atrium of Makati, bringing first-half revenues close to the full-year figure for 2025. On Thursday, July...
The Philippine government, through the Department of Finance (DOF), has secured a $6.8-million, about ₱417-million, technical assistance grant from the Green Climate Fund (GCF), boosting the country’s capacity to access and implement climate investments. The approval of the Third Readiness and...
International Finance Corp. (IFC), the World Bank Group’s (WBG) investment arm, is investing $100 million in Union Bank of the Philippines’ (UnionBank) first sustainability bond to help the Aboitiz-led bank expand its green and social asset portfolio. In a disclosure to the Philippine Stock...
Local government units (LGUs) showed a significant jump in the number of loan requests in May 2026 compared to a year ago, with the total financing amount increasing to ₱4 billion as borrowing efforts—which were put on hold during the 2025 midterm election period—surged back. The latest...
Multilateral development banks (MDBs), including the Manila-based Asian Development Bank (ADB) and the Washington-based World Bank Group (WBG), increased climate financing to a record $163 billion in 2025, reinforcing their role in supporting resilient and sustainable economies amid mounting...
The Philippine government and the Organisation for Economic Co-operation and Development (OECD) on Monday, July 13, launched a Peer Exchange Mission in Manila aimed at strengthening public finance resilience and advancing sustainable, resilient communities through evidence-based policymaking and...
The government is planning to simultaneously implement its two flagship incentive programs aimed at encouraging the local production of electric vehicles (EVs) and gas-powered cars, potentially within the year. Finance Secretary Frederick Go told reporters last week that the government intends to...
The development of the planned artificial intelligence (AI) industrial hub in New Clark City is expected to begin soon, with the project recognized as a top economic priority for the United States (US), according to the country’s investment czar. Finance Secretary Frederick Go said he recently...
The Philippines has topped the global rankings in investor relations and debt transparency among 57 emerging markets, overtaking last year’s leader, Indonesia, according to the Washington-based Institute of International Finance (IIF). In its July 2026 Investor Relations and Debt Transparency...
Cabinet-level interagency Development Budget Coordination Committee (DBCC) has lowered the revenue goal for the Bureau of Internal Revenue (BIR) for this year but raised the target for the Bureau of Customs (BOC), in tandem with the downgraded economic growth outlook. According to data disclosed by...
Eliminating delays in the country’s power-related projects will be the ultimate goal of the proposed $60-million Millennium Challenge Corp. (MCC) threshold program, according to the Department of Finance (DOF), as it will fund the Energy Development Governance Efficiency Project. DOF Secretary...
