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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Belen delivers as Alas Pilipinas ends Asiad campaign with sweep

ALAS Pilipinas Women went out with a bang—and Bella Belen had the final say.

NUVALI adds 10 retail, lifestyle openings Q4 

NUVALI is set to welcome 10 new retail, dining, wellness and service establishments in the fourth quarter, expanding the commercial mix at The Shops NUVALI at Central Bloc in Laguna.

NPC tightens scrutiny of digital platforms over children’s data 

The National Privacy Commission (NPC) is stepping up regulatory scrutiny of digital platforms operating in the Philippines, signaling potentially tighter compliance requirements for companies processing Filipinos’ personal data, particularly those serving children and young people.

Australia launches P2B program to boost Philippine investment

Australia is launching a P2-billion economic program in the Philippines to attract investment, advance business reforms and strengthen fiscal management over the next five years.

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