Two development partners of the Philippines and a US-based think tank have recommended the establishment of a sovereign wealth fund (SWF), the Department of Budget and Management (DBM) said. Budget Secretary Amenah F. Pangandaman said the Asian Development Bank (ADB), the International Monetary...
Citizen Watch, an independent network of advocates seeking to raise the interests of the public, said in order to “embrace digitalization,” the country needs to boost its digital infrastructure and at the same time upgrade the digital skills of Filipinos. (Unsplash) For Citizen Watch...
The Department of Agriculture (DA) has welcomed the suggestions of the World Bank’s Philippines Economic Update (PEU) December 2022 Edition that centers in increasing the efficiency and effectiveness of government spending in the sector of agriculture. FARMERS in Western Visayas region are urged...
The Philippines should strengthen some fundamental concerns and address key constraints to arrest the country’s inability to capture trade and investment opportunities and compete with the rest of the ASEAN region, according to a senior World Bank economist. Jaime Frias, World Bank senior...
The World Bank raised its gross domestic product (GDP) outlook for the Philippines to 7.2 percent this year from an earlier projection of 6.5 percent in September. The Washington-based multilateral institution said Tuesday, Dec. 6, that the upward revision was driven by “robust domestic...
Income inequality in the Philippines remained one of the highest rates in East Asia despite important gains in poverty reduction following recent strong economic performance and improving access to employment, the World Bank reported. In a World Bank report titled “Overcoming Poverty and...
The Department of Environment and Natural Resources (DENR) is set to start the accounting and mapping of the Philippine's natural resources as part of the efforts to come up with a reliable and accessible localized data in the country's fight against climate change. DENR Secretary Maria Antonia...
Climate change in the Philippines will continue and accelerate, which poses major risks for the nation’s long-term development, the World Bank warned. Based on the World Bank’s report on Wednesday, Nov. 9, climate change could hamper the country’s ambition of becoming a high-income country by...
The World Bank is eager on supporting the government’s bid to digitalize services and modernize the bureaucracy, the Department of Finance (DOF) said. In a statement Thursday, Aug. 11, Finance Secretary Benjamin E. Diokno said the Washington-based multilateral institution was willing to extend...
In a day, how many times does an average consumer use a product that comes from a sachet or a plastic wrapper? Food, beverage, cookies, cooking ingredients, shampoo, liquid soap come in sachets. Numerous personal items are packaged in plastic –razor, hair brush, cosmetics, hygiene care products,...
The World Bank has expressed interest to fund various infrastructure projects in Sulu that include roads and a major source of potable water for the residents, an official of the Department of Public Works and Highways (DPWH) has disclosed. Emil K. Sadain, DPWH undersecretary for Unified...
When was the last time you read a book? Do you click a title that says ‘five-minute read’ – and finish reading the whole article? Reading is one of the most important skills because it leads to knowledge, self-improvement, and better comprehension of the world around us. Even though that is...
