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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NMIA showcased in Paris as model for sustainable infrastructure

The New Manila International Airport (NMIA) project in Bulacan was presented in Paris as an example of how large infrastructure projects can meet global environmental and social standards.

Middle East tensions, El Niño cloud Philippine growth outlook

Rising geopolitical tensions in the Middle East and the looming effects of El Niño are emerging as twin headwinds to Philippine growth, with remittances and inflation pressures forming a potentially volatile mix.

PickUp Coffee brews a cross-Pacific play, establishes network in Mexico

In a country that treats coffee as both ritual and right, Philippine upstart PickUp Coffee is making a surprisingly smooth entrance. Its secret is not a rare bean or barista theatrics. It is speed, price discipline, and an instinct for where the line will form next.

PAL opens new route to Palau, resumes Saipan flights

The Philippine Airlines (PAL) has launched a new route connecting Manila to Palau, expanding its reach in the Pacific region. Palau, particularly its main hub Koror, is known for its rich marine life and popular diving spots.

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