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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PAL launches 3-day flash sale with up to 50% off fares

Philippine Airlines is running a limited "3-Day Flash Sale" from July 15 to 17, cutting fares on select domestic and international routes for travel starting August 1 this year. Travel until January 31, 2026 qualifies for up to 30 percent off, while trips from February 2027 onward get bigger discounts: up to 50 percent on domestic base fares and up to 40 percent on international base rates. The offer covers destinations across the Philippines, Asia, Australia, North America, and the Middle East, with passengers retaining access to full services including free meals and standard baggage allowances. Eligible domestic bookings worth at least P20,000 also come with zero-percent installment plans for up to three months via partner banks BPI, Metrobank, and HSBC.

Globe Business steps up support for HoReCa industry digital shift 

Globe Business is expanding its focus on the local hotel, restaurant and café sector as businesses strive to keep pace with the fast growing digital travel economy. Rising demand from medical and wellness tourists, MICE travelers, and digital nomads is pushing operators to deliver personalized service, while facing a 325 percent jump in industry cyber threats and ongoing labor pressures. The firm is promoting its "Intelligent Transformation" approach, which combines strong connectivity, cloud tools, cybersecurity and data analytics to streamline operations and tailor guest experiences. Industry data shows this level of personalization can lift guest lifetime value by 20 percent to 30 percent. Globe Business shared these strategies during the recent Hospitality and Food and Beverage Summits, aiming to help businesses build secure, efficient digital foundations for long term growth.

Japan urges compliance on 10th anniversary of South China Sea legal ruling

Japan has called on China to respect international law, marking exactly ten years since a landmark legal ruling rejected Beijing’s vast maritime claims in the South China Sea.

Megaworld raises P5.6 billion for MREIT expansion push

Property giant Megaworld Corp. has raised P5.6 billion through a series of MREIT Inc. block sales between April and July, providing fresh capital to bankroll the next wave of township developments while expanding the listed real estate investment trust's portfolio.

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