Tag: World Bank

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Business groups hail upgrade, press for deeper reforms

Economy Context.ph Context.ph -
Foreign business groups welcomed the Philippines' elevation to upper middle-income economy status as a strong endorsement of the country's economic progress, while urging the government to accelerate reforms needed to convert the milestone into sustained investment and long-term growth.

Philippines’ income upgrade boosts growth, investment prospects

Economy Context.ph Context.ph -
The Philippines' elevation to upper-middle-income status by the World Bank is expected to strengthen investor confidence and bolster the country's appeal as an investment destination, marking a new phase of economic development while raising expectations for broader, more inclusive growth.

WB approves record $1.02B Philippine energy, water loan

Banking & Insurance Context.ph Context.ph -
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

Trade & Investments Context.ph Context.ph -
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

Economy Context.ph Context.ph -
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.
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Manila Water calls on customers to join October desludging drive to protect waterways, public health

Environment 0
Manila Water is calling on customers to join its October desludging schedule, advancing responsible wastewater management, community health, and cleaner local waterways.

EastWest widens EasyMobility, donates vehicles to boost community impact

Social Responsibility & Sustainability 0
EastWest has expanded its EasyMobility for Community Program, turning over vehicles to Our Lady of Guadalupe Minor Seminary and Jubilee Christian Academy to help both institutions reach more people and extend their vital work. This latest milestone follows earlier donations to groups in Cebu, Negros Occidental, and Davao.

BSP projects inflation higher in  September

Banking & Insurance 0
The Bangko Sentral ng Pilipinas expects headline inflation to settle between 6.4 percent and 7.4 percent for September 2026, pointing to persistent cost pressures that will continue to stretch consumer budgets and squeeze corporate margins.

PEZA targets robotics boom with new export cluster

Communications & Technology 0
The Philippines is positioning itself for a bigger role in the global robotics industry as the Philippine Economic Zone Authority (PEZA) assembles an export ecosystem spanning robot components, finished machines and the data powering physical artificial intelligence.

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