Philippines

MSMEs in Asia and the Pacific face significant financing challenges, with nearly half either unserved or underserved—resulting in a credit gap estimated at $2.5 trillion.

Active support and participation of districts, states, and provinces covered by BIMP-EAGA has spurred growth in the subregion.

Ministers also tout growth in tourism, trade, investment, and project rollout.

Viet Nam and the Philippines will drive the region's growth with each expected to exceed 6%, while Indonesia comes close at 5.7%

Passengers of cruise ships may stay in the country for up to 14 days without a visa.

More than a hundred athletes and sports officials will gather in the city of Puerto Princesa for the 11th BIMP-EAGA Friendship Games on 1 to 5 December 2024.

Areas of collaboration include promotion of Muslim-friendly and halal tourism, investments, airline cooperation, and knowledge sharing.

The power plants will provide 24-7 electrification in the island municipalities of Sibutu and Sitangkai.

The loan will support the construction and operation of 800 shared telecommunication towers to help expand digital connectivity for underserved communities.