Tag: World Bank

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DA eyes $1B World Bank loan for sustainable agriculture

The World Bank and the Philippine government are moving forward with a landmark agreement that could reshape the country’s agriculture sector. At a recent meeting, agriculture secretary Francisco P. Tiu Laurel Jr. and World Bank country director Zafer Mustafaoglu reviewed the progress of the Philippine Sustainable Agricultural Transformation (PSAT) loan program, with the goal of finalizing the USD1 billion loan agreement in July.

New IFC regional chief calls for greater private investments in Asia-Pacific

The International Finance Corp. (IFC), the private investment arm of the World Bank, has appointed Riccardo Puliti as its new Regional Vice President for Asia and the Pacific. 

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Sweeping fuel excise tax suspension risks P43.6B in revenue loss

The government could forgo up to P43.6 billion in revenues if it suspends excise taxes on all fuel products for three months, a senior Finance official said, highlighting the fiscal trade-offs as authorities move to cushion consumers from elevated oil prices.

DA: Rice supply stable despite rising costs

The Department of Agriculture (DA) on Tuesday said rice supply in the Philippines remains stable even as global fuel and fertilizer prices rise.

Vacancies rise as office, condo markets cool—Colliers

Metro Manila’s property market is turning cautious, with office leasing decisions slowing and condominium developers dialing back new launches as vacancies climb, according to Colliers Philippines.

DA launches P20/kg rice program in Makati

The Department of Agriculture (DA) on Tuesday rolled out its P20 per kilo rice program in Makati City, serving about 750 beneficiaries during the launch attended by Mayor Nancy Binay and other local officials.

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