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Philippines News

Investments & Funding

ADB offers up to $1.75 billion additional financing to Philippines for Middle East crisis impact

ADB President Masato Kanda has offered up to $1.75 billion in additional financing to the Philippines to manage economic fallout from the Middle East conflict, on top of around $2 billion in policy-based loans being prepared for 2026. The support includes policy-based lending, countercyclical financing, and trade finance to address oil price shocks and protect vulnerable communities.

Philippines | 2 weeks ago

Renewable Energy

SteelAsia and Buskowitz Energy partner for landmark 8 MWp industrial solar project in Cebu

SteelAsia Manufacturing Corp. has commissioned Buskowitz Energy to install an 8 MWp solar rooftop system at its Cebu facility. Set for completion in late 2026, the project represents the largest single-roof solar installation in the Philippine heavy industry sector, providing 25% of the plant's power.

1 month ago • Philippines

Education

World Bank approves $600 million for Philippines basic education learning reform

The World Bank has approved $600 million for the Philippines' Project for Learning Upgrade Support and Decentralization to improve literacy and numeracy outcomes for 21 million K-10 students. The programme targets learning poverty, where 91% of 10-year-olds cannot read age-appropriate texts, through teacher training, materials, and decentralised school grants.

2 months ago • Philippines

Railways & Metro

Taisei-D.M. Consunji JV wins ₱ 16.06 billion Naia Underground Station contract under New Philippine right-of-way law

A joint venture of Japan's Taisei Corp. and D.M. Consunji Inc. has secured a ₱16.06 billion contract to build an underground station at NAIA Terminal 3 and connecting tunnels. The award falls under the $488 billion Manila Subway project, accelerated by the ARROW Act addressing right-of-way delays.

2 months ago • Philippines

Mergers & Acquisitions

TotalEnergies and Masdar consolidate Asia renewables pipeline through USD 2.2 billion JV platform

TotalEnergies and Masdar have agreed to combine their onshore renewable assets across Asia into a USD 2.2 billion joint venture, creating a scaled platform to capture rising electricity demand and accelerate project deployment across multiple high-growth markets.

2 months ago • Azerbaijan;Indonesia;Japan;Kazakhstan;Korea (South);Malaysia;Philippines;Singapore;Uzbekistan

Climate & ESG

DBP approves P2 billion flood control financing for Kabankalan City

The Development Bank of the Philippines has signed a P2 billion loan agreement with Kabankalan City to fund flood mitigation infrastructure under its ASENSO financing program. The package includes three term loans with tenors of five, ten, and fifteen years, covering climate adaptation and disaster resiliency projects.

2 months ago • Philippines

Renewable Energy

Repower Energy brings 18.2 MW Pulangi plant online under Philippines FIT-4 regime

Repower Energy Development Corp. has commissioned its first Mindanao-based run-of-river hydropower facility, qualifying under the Philippines’ fourth feed-in tariff round. The PHP 4 billion project strengthens renewable capacity in Bukidnon and secures long-term tariff support at a preliminary rate of PHP 6.38 per kWh.

3 months ago • Philippines

Latest News

Defence | 2 days ago

Elbit Systems secures $350 million international main battle tank modernization contract

Israel-based defense electronics company Elbit Systems has clinched a $350 million international contract to upgrade main battle tanks over a four-year period, integrating advanced situational awareness, AI-driven targeting, and modern communication suites.

Business & Corporate | 2 days ago

UPS commits USD 50 million to industrial logistics and launches time-definite Mexico air freight

UPS is investing nearly $50 million in specialized automotive and industrial network enhancements. The expansion introduces time-definite heavy air freight services between the U.S. and Mexico, streamlining cross-border production cycles and integrating brokerage and warehousing into a single-carrier solution.

Energy & Power | 2 days ago

NLC India selects Ohmium and InSolare for 4 MW green hydrogen project in Tamil Nadu

Ohmium International and InSolare Energy have partnered to deploy a 4 MW green hydrogen facility for NLC India Limited. Utilizing advanced Proton Exchange Membrane technology, the plant in Neyveli aims to produce 700 metric tons of hydrogen annually for industrial and mobility applications.

Business & Corporate | 2 days ago

Rashmi Group commits INR 350 billion to expand industrial footprint in West Bengal

Diversified industrial major Rashmi Group has announced a massive 35,000 million INR investment to scale its steel, power, and mining operations in West Bengal. The plan includes adding 7 million tonnes of annual steel capacity and operationalizing newly acquired coal blocks across several districts.