Tag: World Bank

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WB approves record $1.02B Philippine energy, water loan

Banking & Insurance Context.ph Context.ph -
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

Trade & Investments Context.ph Context.ph -
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

Economy Context.ph Context.ph -
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

Top News Context.ph Context.ph -
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

Economy Context.ph Context.ph -
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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Gov’t pushes to strip systems loss charges from power bills, balancing consumer relief and utility risks 

Energy & Mining 0
Energy policy craftsmen are actively working to fulfill President Ferdinand Marcos Jr.’s directive to eliminate system loss charges from monthly electricity bills, pursuing a sustained policy push aimed at lowering energy costs across the country. The initiative targets both technical losses inherent in power distribution and non-technical losses caused by electricity theft, alongside the value-added tax (VAT) currently applied to these unconsumed kilowatt-hours.

ACEN net income surges 411% to P3.9B in H1 2026

Corporate 0
ACEN Corp. posted a 411 percent jump in consolidated net income to P3.9 billion in the first half of 2026, from P763 million a year earlier, the Ayala Group energy firm said Tuesday.

Special safeguard duty imposed to protect local producers from import surges 

Agriculture 0
To shield domestic livestock producers from market disruption caused by foreign supply spikes, the Department of Agriculture has activated special safeguard duties on select imported meat products. Issued under Department Order No. 24, series of 2026, by Agriculture Secretary Francisco Tiu Laurel Jr., the directive establishes temporary protective tariffs after government monitoring confirmed that incoming import volumes crossed official safety thresholds.

Jollibee first-half net income drops 17% despite strong 2Q rebound

Corporate 0
Jollibee Foods Corp. reported a 17 percent decline in first-semester net income this year, falling to P4.92 billion from P5.91 billion in the same period last year, even as a solid second-quarter performance could not offset earlier pressures.

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