As widely expected, the Philippines remained classified as a lower-middle-income country (LMIC) after narrowly missing the lowered threshold to achieve upper-middle-income country (UMIC) status, based on the World Bank’s latest country income classification. The latest data released by the...
The Philippines is seeking a World Bank loan worth billions of pesos to enhance technical-vocational education and training (TVET) in the country. In a concept document dated June 24, the World Bank said the investment project financing (IPF) for the proposed $250.625-million (over ₱14-billion)...
The World Bank Group (WBG) will extend to the Philippines between $22 billion and $23 billion—or as much as over ₱1.2 trillion—in loan and other financing starting mid-2025 until 2031 to support both public and private initiatives aligned with the country 's climb to upper-middle-income...
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...
