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PH jumps 7 notches in WEF rankings

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wef global ranking 2014-2015

The Philippines continued to improve its competitiveness on the global stage amid reforms that have allowed the country to gain some ground against its better-placed neighbors.

Posted: September 3rd, 2014 in Editor's Pick,Featured Gallery,Headlines,Latest Business Stories,Photos & Videos | Read More »

World Bank grants PH $500-M loan

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world bank

World Bank has granted the Philippines a $508.25-million loan and grant package, which will finance the implementation of rural infrastructure and livelihood projects for farmers and fisherfolk in the country.

Posted: August 31st, 2014 in Latest Business Stories | Read More »

World Bank cuts PH growth forecasts

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INQUIRER FILE PHOTO

The administration has a chance to put the Philippine economy on an “irreversible” growth path that would see millions lifted out of poverty if the last two years of President Aquino’s term is used pursuing meaningful reforms.

Posted: August 7th, 2014 in Editor's Pick,Headlines,Latest Business Stories | Read More »

World Bank, IFC commit $4.2 billion to Philippines

Philippine President Benigno Aquino III, right, talks to World Bank President Dr. Jim Yong Kim, second from right, and other guests during a forum called the Daylight Dialogue: The Good Governance Challenge at the Malacanang Presidential Palace in suburban Manila, Philippines on Tuesday, July 15, 2014. AP

The World Bank said Tuesday that it and its private sector arm have committed concessional loans of up to $4.2 billion to the Philippines to help the country reduce poverty, create jobs and sustain growth as it recovers from the impact of a devastating typhoon and separatist rebellion.

Posted: July 15th, 2014 in Featured Gallery,Latest Business Stories,Photos & Videos | Read More »

Emerging nations plan their own World Bank, IMF

In this Sept. 5, 2013 file photo, from left, Brazil's President Dilma Rousseff gestures to then Indian Prime Minister Manmohan Singh, Russia's President Vladimir Putin, China's President Xi Jinping and South African President Jacob Zuma, as they gather for a group photo after a BRICS leaders' meeting at the G-20 Summit in St. Petersburg, Russia. AP

Fed up with U.S. dominance of the global financial system, five emerging market powers this week will launch their own versions of the World Bank and the International Monetary Fund.

Posted: July 15th, 2014 in Latest Business Stories | Read More »

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