Tag: World Bank

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Business groups hail upgrade, press for deeper reforms

Economy Context.ph Context.ph -
Foreign business groups welcomed the Philippines' elevation to upper middle-income economy status as a strong endorsement of the country's economic progress, while urging the government to accelerate reforms needed to convert the milestone into sustained investment and long-term growth.

Philippines’ income upgrade boosts growth, investment prospects

Economy Context.ph Context.ph -
The Philippines' elevation to upper-middle-income status by the World Bank is expected to strengthen investor confidence and bolster the country's appeal as an investment destination, marking a new phase of economic development while raising expectations for broader, more inclusive growth.

WB approves record $1.02B Philippine energy, water loan

Banking & Insurance Context.ph Context.ph -
The World Bank Group has approved a record USD1.02-billion financing package for the Philippines, backing reforms aimed at lowering electricity costs, strengthening water security and accelerating the country's transition to cleaner energy.

Philippines targets 3 sectors for jobs boom

Trade & Investments Context.ph Context.ph -
The Philippine government is pinning its next employment surge on three high-growth industries—business process outsourcing (BPO), semiconductors, and renewable energy, said Finance Secretary Frederick Go.

World Bank cuts Philippine growth forecast as global risks rise

Economy Context.ph Context.ph -
The World Bank expects Philippine economic growth to slow to 3.7 percent in 2026, down from 4.4 percent in 2025, according to its East Asia and Pacific (EAP) outlook released on April 8.
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DHSUD spotlights housing opportunities during Shelter Month

Property 0
The Department of Human Settlements and Urban Development (DHSUD) is putting homeownership, private-sector participation and housing regulation in the spotlight as the country marks National Shelter Month 2026, amid efforts to accelerate housing delivery under the government’s Expanded Pambansang Pabahay para sa Pilipino (4PH) program.

Probe launched into Philippine Eagle death in Misamis Oriental

Environment 0
Authorities are investigating the death of a critically endangered Philippine Eagle found near a power line in Salay, Misamis Oriental, following a discovery by a local farmer on October 1.

Conquer Kuala Lumpur in 24 hours flat

Travel & Tourism 0
They said it couldn’t be done. Kuala Lumpur is a sprawling, sensory-overload metropolis where ancient heritage trades punches with ultra-modern skyline ambitions—a city built for leisurely exploration, slow-steeped kopitiam mornings, and tropical pacing. But where others see an impossible itinerary, a true traveler sees a challenge.

Forestry policies in place for credible carbon market

Environment 0
The Philippines has laid the regulatory groundwork for a credible forest carbon market, with the Department of Environment and Natural Resources (DENR) releasing two key policies designed to meet private sector demands for clear rules, strong safeguards, and transparent project pathways.

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