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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Clean labels, real ingredients drive dessert choices

Ice cream is no longer just about satisfying a sweet tooth. For a growing number of consumers, what's written on the label now matters almost as much as what's inside the cup.

Tokai Electronics expands Batangas hub for supply chain

Tokai Electronics Philippines Inc. is expanding its warehousing operations in Batangas after signing a supplemental agreement with the Philippine Economic Zone Authority (PEZA), reinforcing its logistics network as demand from the country's electronics and semiconductor manufacturers continues to grow.

InLife targets Gen Z  with affordable digital insurance 

Insurance provider InLife is ramping up efforts to boost insurance adoption among young Filipinos by rolling out a low-cost digital product designed to remove cost and accessibility barriers that have long discouraged first-time buyers.

Toyota Land Cruiser FJ debuts across Philippine market

Toyota Motor Philippines (TMP) has officially launched retail sales of the all-new Land Cruiser FJ, bringing a smaller and more accessible version of its legendary sport utility vehicle to the local market as it looks to attract a broader range of Filipino buyers.

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