Tag: World Bank

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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.

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.

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EV incentives boost local auto parts, export push

The Philippines’ P60-billion Electric Vehicle Incentive Strategy (EVIS) is opening new opportunities for local automotive parts makers as the industry eyes a bigger role in electric vehicle production and commercial EV exports.

Visaya bets on AI to become frontier firm

For nearly two decades, Visaya has built its business the traditional way, by mastering processes, developing specialized talent, and earning the trust of global clients one contract at a time.

Markets await key data amid cautious investor outlook

Philippine financial markets are entering a pivotal week as investors weigh a heavy lineup of economic data, corporate earnings, and global developments that could shape sentiment and expectations for monetary policy.

Holcim exits Philippines in $807M deal with China’s Huaxin

Holcim is selling its Philippine operations to China-based Huaxin Building Materials in a transaction valued at USD807 million, marking a major shift in the ownership landscape of one of the country’s biggest cement producers.

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