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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Japanese envoy marks 10th anniversary of South China Sea ruling

Japanese Ambassador Endo Kazuya joined diplomats, government officials, and maritime experts yesterday to mark a decade since a landmark legal ruling on the South China Sea. Ambassador Endo attended the special symposium on July 10, which was hosted by the Stratbase ADR Institute for Strategic and International Studies. The event allowed leaders and analysts to discuss the current state of regional waters exactly ten years after an international tribunal issued its decision in the case between the Philippines and China.

Hidilyn’s golden legacy lifts Philippine teenage weightlifting stars

When Hidilyn Diaz won the Philippines' first Olympic gold medal in Tokyo in 2021, most of the country's newest weightlifting sensations were still in grade school, some not even teenagers. Five years later, they are no longer just watching their hero. They are following her footsteps, one lift at a time.

Manila Water deploys contingency assets to boost East Zone water security

Manila Water is strengthening water supply reliability across its...

PLDT Enterprise’s Smart earns global GSMA certification for new anti-fraud roaming check tool

As digital fraud grows more complex, basic identity checks are no longer enough for businesses to secure transactions.

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