Tag: World Bank

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WB approves record $1.02B Philippine energy, water loan

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

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

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.

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Clark Aviation Capital builds out Central Luzon’s logistics backbone for industrial growth

Long before cargo aircraft begin landing in greater numbers, critical groundwork is already underway at Clark.

LRMC pulls LRT-1 train from service after leak, tightens maintenance for commuter safety

Light Rail Manila Corp. (LRMC), operator of LRT-1, immediately removed a fourth-generation train from service after detecting a water leak inside one carriage, acting swiftly to protect passenger comfort and reliability.

SEC mandates OARS for all new fundraising registration filings

The Securities and Exchange Commission (SEC) will require all companies raising capital in the equities and debt markets to file registration statements exclusively through its Online Application for Registration Statements (OARS) platform, under Memorandum Circular No. 24.

Lenovo rises 43 spots to #153 on Fortune Global 500, all-time high

Lenovo has climbed 43 places to rank 153rd on the latest Fortune Global 500 list, marking the highest position in the company’s history and one of its most notable advancements in recent years.

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