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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USTDA backs Subic ship repair, nationwide AI Wi-Fi projects

The U.S. Trade and Development Agency (USTDA) is two Philippine infrastructure projects that could expand ship repair capacity in Subic Bay and bring AI-enhanced public Wi-Fi to thousands of sites nationwide.

Scam Ready ASEAN program expands to Philippines 

As online scams grow more sophisticated, including fraud schemes powered by artificial intelligence, Scam Watch Pilipinas is bringing a regional scam-prevention program to Filipino communities through a new partnership with the ASEAN Foundation.

Maharlika deploys P25.4B, builds port logistics platform

Maharlika Investment Corp. (MIC) has deployed about P25.4 billion since it began investing, with its acquisition of listed port operator Asian Terminals Inc. (ATI) forming the foundation of a broader port and logistics platform for the Philippines.

Philcement Mindanao plant starts commissioning, targets November launch

Philcement Mindanao Corp. is commissioning its P2-billion cement plant in Davao del Norte this month, with full operations targeted in October and a formal launch in November, adding up to two million metric tons of annual capacity to Mindanao’s construction materials market.

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