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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Gen Z pushes employers to rethink workplace priorities

Economy 0
Philippine employers may be managing one of Asia-Pacific's happiest workforces, but younger employees are sending a clear message that salary alone is no longer enough.

SEIPI seeks stronger power coordination to protect chipmakers

Communications & Technology 0
The country's largest electronics industry group is calling for closer coordination between government and the private sector to address recurring power disruptions in the Visayas, warning that unreliable electricity could erode the Philippines' competitiveness in the global semiconductor supply chain.

Black Sea drone attacks kill two Filipinos

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Two Filipino seafarers have been killed, 12 injured and one remains missing following separate drone attacks on commercial vessels in the northern Black Sea, prompting renewed calls for shipping companies to avoid the high-risk route. Department of Migrant Workers Secretary Hans Cacdac said one Filipino died in a July 6 attack and another on July 19, with efforts underway to recover the missing seafarer and repatriate the victims. Since the attacks began, nine ships carrying Filipino crew have been hit. Four injured seafarers have returned home, while eight remain under medical and psychological care. The other 124 Filipino crew members are safe. (Marjohara Tucay)

Philippines, Oman to hold air service talks later this year to boost flights, cooperation

Transport & Logistics 0
The Philippines and Oman are set to conduct bilateral air service negotiations before the end of 2026 to increase direct flights between the two nations, aiming to serve overseas Filipino workers, strengthen tourism, and expand trade ties. Department of Transportation Secretary Giovanni Lopez met with Oman’s Ambassador to the Philippines Nasser Said Abdullah Al Manwari on July 16 to kick off discussions on broader transport cooperation.

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