A loan scheduled to be greenlit by the World Bank in October is aiming to improve water supply and sanitation in three Philippine islands. In a June 5 project information document, the Washington-based multilateral lender said its upcoming $275.38-million—or over ₱15-billion—financing for the...
A $600-million (over ₱33-billion) loan scheduled to be greenlit by the Washington-based World Bank in December is aiming to not only help sustain robust economic expansion in the Philippines but also ensure that Filipino workers are ready to reap growth-induced employment. In a June 2 program...
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 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,...
After years of delays and half-powered commitments, the Philippine energy service company (ESCO) market is finally into high gear—helping energy-intensive businesses cut waste, boost efficiency, and usher them into the fast lane of green tech. And while at it, these energy efficiency frontrunners...
The Department of Education (DepEd) on Thursday, Nov. 21, announced that its partner agencies had convened stakeholders from the education, training, and labor sectors to discuss future interventions for implementing the Philippine Qualifications Framework (PQF). (Photo from DepEd) Aligned...
Senators hailed on Thursday, November 7, the signing into law of Republic Act (RA) No. 12063, the Enterprise-Based Education and Training (EBET) Framework Act, which is considered a significant milestone in the country's effort to address the perennial problem of job-skills mismatch. (Screenshot...
The Department of Energy (DOE) is eyeing to bridge ‘prospective business partnerships’ for targeted rollout of nuclear power projects in the Philippines during the country’s hosting of the International Nuclear Supply Chain Forum to be held in Manila this November. The event will bring...
The US government is amenable to firming up an agreement on taking back ‘spent fuel’ that had already been irradiated once fissioned or burnt in reactor for nuclear technologies that American suppliers will be deploying to the Philippines. In a roundtable discussion with the Philippine media,...
By Keith Sigfred Ancheta In 2009, during the 15th Conference of Parties to the United Nations Framework Convention on Climate Change (COP15), developed countries announced an ambitious climate finance goal—that developed countries would mobilize $100 billion annually by 2020 to developing...
The Marcos administration's efforts toward fiscal consolidation may proceed at a slower pace, as economic managers are considering revising down their growth forecasts for the medium term, the Department of Budget and Management (DBM) said. Budget Secretary Amenah F. Pangandaman said the...
The approved national budget of nearly P6 trillion for next year will accelerate the country’s economic growth amid looming drought and high inflation, the country’s economic team stressed. President Ferdinand R. Marcos Jr. has signed into law the General Appropriations Act of 2024 which will...
