The Makati Business Club (MBC), one of the country’s most prominent business organizations, expressed confidence that the Philippines will reach upper-middle-income country status by next year and achieve high-income status in the long term through strategic reforms that would spur economic...
The board of executive directors of the Washington-based World Bank has approved the group ’ s new lending program, or so-called country partnership framework (CPF), for the Philippines covering the years 2026 to 2031, with a focus on boosting investment in education, health, job creation,...
Aboitiz InfraCapital (AIC), the infrastructure unit of the Aboitiz Group, is aiming to deliver long-term water security in Iloilo City after bagging the original proponent status (OTS) for its proposal to construct and operate the city’s bulk water facility. AIC said the OPS to develop the Iloilo...
President Ferdinand "Bongbong" Marcos Jr. (left), Navotas City lone district Rep. Toby Tiangco (Facebook) Navotas City lone district Rep. Toby Tiangco is upbeat with the prospect of the Philippines achieving middle incoming status as...
(File photo) Two weeks after winding up talks for a visiting forces agreement with New Zealand, the Philippines is again a step closer to signing a similar treaty with Canada, the Department of National Defense (DND) announced Friday, March 7. Negotiating panels from both countries concluded the...
(Photo: Department of National Defense) The Department of National Defense (DND) announced Thursday, Feb. 20, the conclusion of the negotiations for the Status of Visiting Forces Agreement (SOVFA) between the Philippines and New Zealand. The final negotiating round was hosted by the New...
The Philippines and Canada are in the final stages of negotiations for the Status of Visiting Forces Agreement (SoVFA), a pact that will allow them to send troops to each other’s soil, the Canadian Embassy in Manila said. Canadian Ambassador to the Philippines David Hartman (Photo from...
The Philippines and New Zealand have started negotiations for a possible Status of Visiting Forces Agreement (SOVFA), which will enhance the defense cooperation between the two armed forces, the New Zealand Embassy in Manila said. Members of the Philippine negotiating panel, composed of officials...
Japan will help the Philippines achieve its ambition to become an upper middle-income economy through sustained official development assistance (ODA), according to Japan International Cooperation Agency (JICA) president Akihiko Tanaka. At an online press briefing commemorating JICA's 70th...
The Commission on Higher Education (CHED) announced on Tuesday, Sept. 24, that 92 private higher education institutions (PHEIs) have been granted autonomous and deregulated status. CHED / MB VIsual Content Group In a list released by CHED, the following PHEIs were granted Autonomous Status: Region...
The World Bank is crafting its lending plan for the Philippines covering the years 2025 to 2028, the period during which the country will likely rise to upper middle-income status and gradually lose access to preferential borrowing rates. The World Bank Group Philippines Country Partnership...
The Department of Finance (DOF) said the decrease in the unemployment rate in May shows that the country is making progress towards its goal of becoming an upper-middle-income country by 2025. In a statement, Finance Secretary Ralph G. Recto said the year-on-year decrease in the number of...
