The World Bank has cited some inroads in the long-delayed Metro Manila flood control project, which is being partly funded by a loan it approved eight years ago. "The progress is moderately satisfactory with 38 pumping station construction sites and solid waste reduction activities," the...
No Philippine budget cover from 2023 to 2025 The World Bank has once again flagged delays in a project it is funding to better equip Metro Manila against earthquakes, which may prove more costly when the Philippines ' capital region is shaken by the anticipated "Big One." "Despite significant...
Filipinos will repay another World Bank loan until 2053, after the Marcos administration's chief economic manager signed the agreement for the Philippines first energy transition and climate resilience development policy loan (DPL). On behalf of the Philippine government, Finance Secretary Ralph G....
The Marcos administration's chief economic manager has signed another loan agreement with the World Bank, committing to repay the concessional financing until 2053. A World Bank document showed that Finance Secretary Ralph G. Recto, on behalf of the Philippine government, signed the loan agreement...
Liberalized rice trade in the Philippines not only pulled prices down but also benefited farmers as well as the poor, according to the World Bank. The World Bank deems short-term subsidies—like the so-called "NFA rice" of the past—as ineffective in lifting the food-poor from their plight, as...
A United Launch Alliance Atlas V rocket with a payload of 27 of Amazon's Project Kuiper internet satellites lifts off from Launch Complex 41 at the Cape Canaveral Space Force Station, Monday, April 28, 2025, in Cape Canaveral, Fla. (AP Photo/John Raoux) CAPE CANAVERAL, Fla. (AP) — Amazon’s...
Mourners leaves flowers at a memorial site for the victims of an incident where a car drove through a crowd killing multiple people in Vancouver, British Columbia, Monday, April 28, 2025. (Rich Lam/The Canadian Press via AP) VANCOUVER, British Columbia (AP) — As members of the Le family headed...
This image taken from video provided by WCIA shows first responders working the scene after a car smashed through a building during an after-school program, killing multiple people Monday, April 28, 2025, in Chatham, Ill. (WCIA via AP) CHATHAM, Ill. (AP) — Four children were killed and several...
Japanese rock band My First Story will be making their debut performance in the Philippines in July. My First Story will hold their Asia Tour 2025 in Manila on July 24 at the New Frontier Theater, presented by Pulp Live World. Formed in Shibuya, Tokyo in 2011, My First Story quickly...
Amid escalating global trade uncertainty driven by tariffs, achieving upper-middle-income status may become more challenging for the Philippines in 2025 and 2026, delaying it further to later years, according to a World Bank economist. Gonzalo Varela, World Bank lead economist and program leader...
DUBAI, United Arab Emirates (AP) — Iran's president on Sunday visited those injured in a huge explosion that rocked one of the Islamic Republic's main ports, a facility purportedly linked to an earlier delivery of a chemical ingredient used to make missile propellant. Firefighters try to...
More than 100 immigrants suspected of being in the United States illegally were taken into custody early Sunday following a federal raid at an illegal after-hours nightclub in Colorado Springs, Colorado, authorities said. In this image taken from video released by the U.S. Drug Enforcement...
