Tag: World Bank

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WB approves record $1.02B Philippine energy, water loan

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

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

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.

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PH compounded pharmacy market set to hit P212 billion amid rising demand for personalized care

The compounded pharmacy market in the Philippines is seen growing 1.8 percent higher this year to around P212 billion from its level in 2025, personalities at the PRIMA ASEAN Congress in Taguig City said.

NFA boosts rice stocks, advances modernization at 54

The National Food Authority is ramping up rice procurement, distribution, and facility upgrades as it marks 54 years, with Agriculture Secretary Francisco P. Tiu Laurel Jr. affirming the agency’s vital role in steady, affordable rice supply for Filipinos.

NTC fines 3 Telcos over poor Metro Manila broadband service 

The National Telecommunications Commission (NTC) has launched enforcement proceedings against the country’s three major mobile network operators, imposing daily fines of P100,000 each over persistently poor mobile broadband performance in parts of Metro Manila.

UK Trade Minister visits Jollibee in BGC

UK Trade Minister Anas Sarwar visited Jollibee’s BGC Triangle Drive store in Taguig City this week, as part of his official trip to the Philippines.

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