More than a decade after the World Bank approved financing for the Cebu Bus Rapid Transit (BRT) Project, the flagship urban transport initiative remains far from achieving its original objectives, with only a short section of the corridor substantially completed before the loan expires in...
The World Bank has canceled part of the loans for the Cebu Bus Rapid Transit (BRT) while as project scope was pared down with only five months left before its financing closes. A May 8 restructuring paper seen by Manila Bulletin showed that the Washington-based multilateral lender, effective Jan....
The World Bank has given its go-ahead to the $24.5-million Technical Assistance for Sustainable Agricultural Transformation (TASAT) program, which will complement the Philippines’ largest-ever single loan from the Washington-based multilateral lender aimed at diversifying the sector and moving...
The World Bank has extended a $1.7-million, or over ₱98-million, grant to the Philippines to help prepare for a potential project loan that would support early childhood education in the country. In a Sept. 20 letter to Finance Secretary Ralph G. Recto, the World Bank said this financing was...
The Marcos Jr. administration will borrow $650 million, or over ₱37 billion, from the World Bank next year to sustain the conditional cash transfers for the Pantawid Pamilyang Pilipino Program (4Ps) and ensure that its youth beneficiaries land jobs. According to a Sept. 20 project information...
The Department of Agriculture (DA) is set to receive a loan financing from the Washington-based multilateral lender World Bank next year for a project aimed at supporting small agri-businesses. A June 26 document published on Thursday, July 3, showed that the DA is seeking an investment project...
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...
(Noel Pabalate/ MANILA BULLETIN) House Deputy Speaker and Batangas 6th district Rep. Ralph Recto has called for a reconstruction of the razed Manila Central Post Office building even as its embers have hardly cooled down. "Government should rebuild the National Post Office Building. Fast, and not...
The rehabilitation and reconstruction of the schools damaged by the 7.0-magnitude earthquake will cost P1.706 billion, said the Department of Education (DepEd). (Photo courtesy of Dugong Elementary School) DepEd’s data as of Aug. 1 showed that there were 495 schools affected by the destructive...
The Department of Education’s (DepEd) immediate solution for the urgent need to provide a "safe space for teachers and students" following the destructive magnitude 7.0 northwestern Luzon quake is by building and looking for temporary learning spaces. Aftermath of the magnitude 7.0 earthquake...
At least 8,027 schools were affected while 35 were damaged following the destructive magnitude 7.0 earthquake that struck northwestern Luzon on July 27, the Department of Education (DepEd) reported on Thursday morning, July 28. Aftermath of the magnitude 7.0 earthquake (Photo courtesy of Dugong...
Four and a half years after the end of the five-month long Marawi siege in May to October 2017, Congress has passed Republic Act No. 11696, the Marawi Siege Victims Compensation Act. The law provides compensation to those whose kin were killed, as well as those whose properties were destroyed in...
