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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Michelin Guide expands tire brand’s Philippine reach

Michelin is best known for keeping vehicles moving, but in the Philippines, its famous name is now also helping put restaurants, destinations, and Filipino cuisine in the international spotlight.

SM lets demand, infrastructure guide mall growth

SM Supermalls is taking a demand-first approach to mall expansion, using tenant appetite, occupancy levels, local business activity and planned government infrastructure to decide where to deploy fresh capital.

Philippines becomes ASEAN model for next-generation 911

The Philippines is emerging as a regional template for modern emergency response, with Thailand, Indonesia, and Vietnam looking at the country’s next-generation 911 system as they explore upgrades to their own aging emergency communications infrastructure.

But First, Coffee grows through inclusive hiring

What began as a one-person coffee business during the pandemic has grown into a nationwide enterprise employing thousands of workers, proving that a small startup can build a bigger business by widening access to opportunity.

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