Tag: World Bank

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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.

Philippines climbs, reforms power business confidence

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

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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Gilas U21 beats Japan, secures 3×3 World Cup berth

A corner shot in overtime can change everything. For Gilas Pilipinas Under-21, it changed the ending, the medal count, and the road to the world stage.

NGCP to complete P31 billion in power projects in second half of 2026

The National Grid Corporation of the Philippines (NGCP) is set to complete ten major infrastructure projects worth a combined P30.89 billion during the second half of 2026. Details shared by the firm include key undertakings such as the relocation of steel poles along the Hermosa-Duhat 230 kilovolt transmission line, the Nabas-Caticlan-Boracay transmission line, and the Luzon Voltage Improvement Project 3.

Parklinks Mall opening to boost eastern Metro Manila growth

The opening of Parklinks Mall in 2027 is set to accelerate the next phase of growth for Parklinks, the 35-hectare mixed-use estate jointly developed by Ayala Land Inc. and Eton Properties that spans Pasig and Quezon City.

Hidden Makati listening bar where music truly shines

Speakeasies and slow bars are everywhere in Makati City, but 78-45-33 is one of the few places that practically dares you to gatekeep it.

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