Tag: World Bank

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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.

Philippines climbs, reforms power business confidence

Economy Context.ph Context.ph -
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.

DA eyes $1B World Bank loan for sustainable agriculture

Agriculture Context.ph Context.ph -
The World Bank and the Philippine government are moving forward with a landmark agreement that could reshape the country’s agriculture sector. At a recent meeting, agriculture secretary Francisco P. Tiu Laurel Jr. and World Bank country director Zafer Mustafaoglu reviewed the progress of the Philippine Sustainable Agricultural Transformation (PSAT) loan program, with the goal of finalizing the USD1 billion loan agreement in July.
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DA lifts FMD-related meat import ban on Hungary

Agriculture 0
The Department of Agriculture has lifted a temporary ban on imports of foot and mouth disease-susceptible animals and their products from Hungary, following approval through Department Circular No. 34 signed on July 8.

ERC vows action on billing complaints amid growing consumer outcry

Energy & Mining 0
The Energy Regulatory Commission (ERC) said it is working to better address public worries over electricity costs and concerns about inaccurate monthly bills, amid widespread complaints from consumers.

American marine biologist killed in Negros Oriental

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American marine biologist Kent Edward Carpenter was shot dead during a robbery at his home in Sibulan, Negros Oriental, police said. Three masked men allegedly broke into the 73-year-old's residence late Sunday, with one suspect fatally shooting Carpenter while the others assaulted his Filipina companion and stole valuables. No arrests have been made. Authorities have formed a special investigation task group and are pursuing robbery, professional and personal motives. Carpenter was a renowned marine biologist and an expert witness in the Philippines' South China Sea arbitration case. This is the 10th anniversary of the WPS ruling. (Marjohara Tucay)

Philippines powers ahead as AI adoption accelerates

Communications & Technology 0
The Philippines is quickly carving out a place as one of Southeast Asia's most enthusiastic adopters of artificial intelligence, with Filipinos increasingly using Google's Gemini for work, creativity and customer service rather than just casual online queries.

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