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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Tanduay: For Gen Z’s casual, creative drinking style

Gen Z prefers relaxed, authentic get-togethers over rigid plans—choosing home visits over fancy bars, and enjoying creative, unconventional drinks that feel true to their taste.

Globe named one of World’s Most Sustainable Companies for 2nd year

Globe is the only Philippine telco and one of just two local firms included in TIME and Statista’s 2026 World’s Most Sustainable Companies list. This marks its second straight year on the ranking.

First Balfour wins top PCAPI environmental award

First Balfour Inc., the construction and engineering unit of Lopez-led First Philippine Holdings Corporation, has received the prestigious Mother Nature Award from the Pollution Control Association of the Philippines, Inc. (PCAPI).

AIA, BPI AIA launch new health plans, support Kythe Foundation

AIA Philippines and BPI AIA have introduced two new health insurance products—AIA Critical Protect Plus and BPI AIA MultiCare Protect—while donating to the Kythe Foundation to help children with cancer.

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