Tag: World Bank

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World Bank cuts Philippine growth forecast as global risks rise

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.

World Bank $1B financing targets Philippine farm transformation

At least five million Filipino farmers are poised to benefit from a USD1-billion World Bank financing package aimed at accelerating a nationwide shift toward higher productivity, diversification, and climate resilience—an overhaul long seen as critical to stabilizing food supply and rural incomes.

World Bank backs Philippines reform agenda with $800M loan

The World Bank has approved an USD800-million financing package for the Philippines aimed at strengthening fiscal resilience, improving the business climate and equipping Filipino workers with skills needed for higher-quality jobs.

Philippines climbs, reforms power business confidence

The Philippines landed at 53rd out of 101 economies in the World Bank Group’s 2025 Business-Ready (B-READY) Report, placing the country squarely at the midpoint of an expanded global ranking and signaling steady reform momentum.

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.

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Cebu sees surge in interest from Vietnamese summer travellers

Cebu has emerged as the fastest-growing destination for Vietnamese tourists ahead of the upcoming summer travel season, according to data from the digital travel platform Agoda.

Hino Philippines leverages global alliance for advanced, sustainable mobility solutions

Hino Motors Philippines (HMP) says strategic international collaboration is key to delivering modern mobility solutions as the country’s logistics, construction, and public transport sectors advance. This follows the official entry of ARCHION, the commercial vehicle group uniting Hino and Mitsubishi Fuso, into the Commercial Japan Partnership Technologies (CJPT), taking over Hino Motors Ltd.’s seat as part of the two brands’ business integration.

NQX Philippines named Top Employer Brand for third year in series 

NQX Philippines has been recognized as one of the country’s Best Employer Brands for 2026, marking its third consecutive win of the award. Endorsed by CHRO Asia, the honor acknowledges the firm’s strong human resources practices and people-focused workplace culture.

EastWest Horizons Club offers cash rebates for new members 

EastWest Bank is launching a special promotion to reward Filipinos growing their savings and building their wealth, making their next financial step even more beneficial. Running from June 1 to July 31, 2026, the Horizons Welcome Rewards Promo gives cash rebates to new customers who join the EastWest Horizons Club and place funds in qualified deposit accounts.

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