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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Marcos to follow up $5.8B India investment pledges

President Ferdinand Marcos Jr. will seek updates on USD5.8 billion in Indian investment commitments and pursue broader trade and investment opportunities with major emerging economies when he attends the BRICS Summit in New Delhi on Sept. 12-13.

Vertis North turns stormwater system into urban amenity

Ayala Land Inc. is turning stormwater infrastructure at Vertis North into a public amenity, combining flood-mitigation capacity with a two-hectare green space designed for recreation and community use in Quezon City.

College students learn PH currency history, central bank role in BSP student tours

College students from key universities across Metro Manila gained valuable insights into the history of Philippine money and the work of the Bangko Sentral ng Pilipinas (BSP) through recent "Student Tours" held at the BSP Hub along Roxas Boulevard.

Robinsons Supermarket opens first branch in Panglao, Bohol, expanding Central Visayas footprint

Robinsons Retail Holdings Inc. has strengthened its presence in Central Visayas with the launch of its first Robinsons Supermarket here, marking a major expansion into one of the country’s top tourism and leisure hubs.

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