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...
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...
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...
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...
Dividends collected under President Ferdinand R. Marcos Jr.’s administration have already exceeded half a trillion pesos since mid-2022, 31.2 percent higher than those under the Duterte administration and dwarfing the collections of the two earlier administrations. A government document from...
While the Philippines’ graduation to upper-middle-income-country (UMIC) status is a nod to its economic progress, President Ferdinand R. Marcos Jr.’s chief economic manager said the milestone alone cannot do the heavy lifting needed for the country to achieve an ‘A’-level sovereign credit...
Japanese railway expert Sumitomo Corp. is seeking to expand its investments in the Philippines’ railway infrastructure through a potential collaboration to manage the country’s largest railway project, according to the Department of Finance (DOF). The DOF said in a statement on Tuesday, July 7,...
The Philippine government has fully spent the World Bank financing supporting its flagship Pantawid Pamilyang Pilipino Program (4Ps), marking the successful completion of a nearly six-year project that modernized the country’s social protection system while providing cash assistance to millions...
