Tag: World Bank

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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.

New IFC regional chief calls for greater private investments in Asia-Pacific

Top News Context.ph Context.ph -
The International Finance Corp. (IFC), the private investment arm of the World Bank, has appointed Riccardo Puliti as its new Regional Vice President for Asia and the Pacific. 

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Toyota flags scale, flexibility concerns after RACE axed 

Transport & Logistics 0
The decision to scrap the Revitalizing the Automotive Industry for Competitiveness Enhancement (RACE) program has drawn a measured response from Toyota Motor Philippines Corp. (TMP), the country’s largest vehicle assembler, which had been preparing for the initiative’s rollout as early as last year.

Sugar group seeks urgent cloud seeding, opposes tax hike in Negros

Agriculture 0
The United Sugar Producers’ Federation of the Philippines (Unifed) has called on the government to immediately carry out cloud seeding operations as dry conditions linked to a possible El Niño begin to affect crops.

Levanta awards EPC contract for 166 MW Iloilo solar project

Energy & Mining 0
A foreign renewable energy developer, Levanta Renewables, has awarded an engineering, procurement, and construction (EPC) contract to China Energy Engineering Group for a solar power project in Iloilo.

Foreign investors show strong interest in mWell, Metro Pacific Health app

Corporate 0
Metro Pacific Health Tech Corp., owner of the health app mWell, is attracting attention from numerous investors, even separate from Metro Pacific Hospitals, its parent company.

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