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Category: economy

Eastern Samar grew fastest in 2024–PSA

MANILA, Philippines – Eastern Samar posted the fastest economic growth among Philippine provinces and highly urbanized cities, lifted by a postpandemic tourism surge and government investments to improve connectivity across the archipelago. Latest data from the Philippine Statistics Authority (PSA) showed Eastern Samar—popular for its beaches, eco parks and historical sites—grew by 10.2 percent year-on-year

Philippines gets $400-M ADB loan for insurance sector

MANILA, Philippines – The Asian Development Bank (ADB) on Tuesday announced a $400-million policy-based loan to help boost the Philippines’ insurance sector by creating an enabling environment for broader participation in the industry. The Insurance Reform Program, Subprogram 1, would support broader financial sector development reforms in regulation and supervision, including greater intermediation of long-term

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