Tag: World Bank

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Business groups hail upgrade, press for deeper reforms

Economy Context.ph Context.ph -
Foreign business groups welcomed the Philippines' elevation to upper middle-income economy status as a strong endorsement of the country's economic progress, while urging the government to accelerate reforms needed to convert the milestone into sustained investment and long-term growth.

Philippines’ income upgrade boosts growth, investment prospects

Economy Context.ph Context.ph -
The Philippines' elevation to upper-middle-income status by the World Bank is expected to strengthen investor confidence and bolster the country's appeal as an investment destination, marking a new phase of economic development while raising expectations for broader, more inclusive growth.

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.
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PAL resumes non-stop Manila–Saipan flights Oct 25

Transport & Logistics 0
The Philippine Airlines (PAL) confirmed Thursday it will resume nonstop flights between Manila and Saipan starting October 25, 2026. Bringing back this route strengthens tourism, family connections, and business links between the Philippines and the Northern Mariana Islands, making it easier for communities across the Pacific to reconnect.

First Balfour keeps triple ISO certification for 24th straight year

Corporate Bulletins 0
First Balfour Inc., the Lopez Group’s engineering and construction arm, has retained its triple ISO certification for the 24th consecutive year after passing rigorous audits by TÜV SÜD Philippines.

Converge brings award-winning Project PIGLET to Cebu, expands child online safety drive to Visayas

Communications & Technology 0
Converge ICT Solutions Inc. has expanded its nationwide child online safety and data privacy campaign, launching its award-winning Project PIGLET in Cebu and bringing critical cyber-literacy education to the Visayas region.

BDO Life’s ‘Plan B’ wins big at 2026 Quill Awards

Corporate Bulletins 0
BDO Life has clinched multiple Excellence Awards at the 2026 Quill Awards, the country’s top honor for business communication, earning recognition in Marketing, Advertising & Brand Communication and Audio/Visual categories. Its “Plan B” campaign broke through usual insurance talk, turning rarely discussed topics of financial security and protection into relatable, even lighthearted conversations for Filipinos. Instead of positioning insurance as an investment, the effort centered on its real value: being ready for whatever life brings.

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