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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Globe teams up with Japan’s KDDI for next phase of growth

Globe Telecom Inc. has entered a strategic partnership with KDDI Corporation, one of Japan’s top telecommunications and digital services firms, to unlock new growth opportunities for mobile services and transform retail experiences across the Philippines.

Team Liquid PH stumbles as global MLBB rivals rise

For years, the Mobile Legends: Bang Bang Mid-Season Cup has felt like familiar territory for Philippine teams. The script was almost predictable. A Filipino team enters, the rest of the world chases.

FTI fast-tracks nationwide food hubs to cut food costs 

State-run Food Terminal Inc. (FTI) is ramping up the construction of mega food hubs and regional food terminals across the country, a major logistics push aimed at getting more food from farms to markets faster, cutting waste and bringing down prices for consumers.

ManageEngine launches Marketplace to expand ecosystem of partner-built tools and AI solutions

ManageEngine, part of Zoho Corporation and a top provider of enterprise IT management and security solutions, has introduced a new partner-developer ecosystem centered on its newly launched ManageEngine Marketplace.

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