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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Manila Water approves P105M share buyback

Manila Water Co., Inc. has approved a share buyback program of up to 3 million common shares, potentially spending up to P105 million to repurchase its own stock in the open market.

SSI Group Q2 revenue, profit surge as retail demand holds

The SSI Group delivered stronger sales and profitability in the second quarter of 2026 as resilient consumer demand, better margins, and tighter operations gave the specialty retailer a healthy lift.

ABS-CBN loss deepens as revenue falls further

The net loss of ABS-CBN Corp. more than doubled in the first half of 2026, as lower advertising and weaker group-wide revenue outweighed modest improvements in its core content business.

BYD expands Philippine push as EV demand grows

BYD is strengthening its presence in the Philippines as the country becomes an increasingly important market for electric vehicles and new energy vehicles.

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