The World Bank Group (WBG) has lowered its 2026 growth forecast for the Philippines to 3.7 percent, warning that the ongoing war in the Middle East is weighing heavily on energy-importing economies and threatening to push global growth to its weakest pace since the onset of the Covid-19 pandemic....
The World Bank has urged Philippine implementing agencies to focus on completing the long-delayed Metro Manila Flood Management Project amid signs of progress and with less than six months remaining before its financing expires. In a June 7 implementation status and results report, the...
The Philippines and the World Bank have signed an $18.85-million grant agreement to strengthen the country’s defenses against future pandemics, while the Washington-based multilateral lender also commended the satisfactory implementation of an ongoing agriculture modernization project. Documents...
The Philippine government has asked the World Bank to restructure and partially cancel over $2.34 million in unused proceeds from a Duterte-era loan supporting the country’s flagship Pantawid Pamilyang Pilipino Program (4Ps), even as the Washington-based multilateral lender cited the project’s...
Samarkand, UZBEKISTAN — Amid comparisons by some local firms claiming that the ongoing oil crisis triggered by the conflict in the Middle East is hurting their business operations more severely than the Covid-19 pandemic, economists from the Asian Development Bank (ADB) said the broader...
Tempered household consumption, still reeling from the pandemic-induced recession, is weighing on the Philippine growth outlook, according to the Economist Intelligence Unit (EIU). With private consumption—which accounts for more than 70 percent of the local economy—showing “weak momentum,”...
To promote holistic learner development, enhance physical fitness, and help reverse pandemic-driven learning loss, the Department of Education (DepEd) has ordered the institutionalization of School Sports Clubs (SSCs) in all public elementary and secondary schools nationwide. In a statement issued...
Mall vacancy is projected to return to pre-pandemic levels this year as foreign retail brands strive to capture the interest of a populace that still prefers shopping inside physical malls, according to a report by property advisory firm Colliers. In its first quarter Metro Manila retail report,...
Robust government spending ahead of the May 12 elections likely sped up economic growth in the first quarter, despite private consumption largely being in wait-and-see mode as Filipinos save up, according to the research arm of global financial giant Deutsche Bank. In a May 3 report received by...
Former Manila Mayor Franciso "Isko Moreno" Domagoso Supporters and incumbent officials of the City of Manila have called for the return of former Manila Mayor Francisco "Isko Moreno" Domagoso's strong and pioneering public healthcare system which received nationwide recognition, especially...
The ties between Philippines and Thailand in terms of pandemic recovery, economic policies, and diplomatic engagements have brought significant progress in various areas, President Marcos said. President Ferdinand 'Bongbong' Marcos Jr. meets outgoing Thailand Ambassador to the Philippines Tull...
The Philippines is ready to receive guidance from the World Health Organization (WHO) on how to move forward in the post-pandemic world, President Marcos assured on Friday, Dec. 6. President Ferdinand 'Bongbong' Marcos Jr. and WHO Regional Director for the Western Pacific Dr. Saia Ma’u...
