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World Bank urges gov’t to raise taxes

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AFP FILE PHOTO

Raising government revenues further to finance the state’s ambitious infrastructure program will be key to keeping economic growth above the 7-percent threshold for increasing jobs and reducing poverty, the World Bank said.

Posted: April 8th, 2014 in Editor's Pick,Headlines | Read More »

World Bank sticks to PH growth forecast of 6.6% in 2014

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Screengrab from www.worldbank.org

The Philippine economy’s growth is expected to slow down by six-tenths of a percent this year as damage to key provinces caused by super typhoon “Yolanda” (international name: Haiyan) late in 2013 weighs on business activity and consumer demand.

Posted: April 7th, 2014 in Latest Business Stories | Read More »

With peace, WB to pour more funds into Mindanao

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Screengrab from www.worldbank.org

The World Bank has committed to pour in more funds for initiatives geared at further fostering the peace in and the development of Mindanao, especially after the government and the Moro Islamic Liberation Front (MILF) signed the Comprehensive Agreement on the Bangsamoro (CAB) last Thursday.

Posted: April 1st, 2014 in Latest Business Stories | Read More »

PH slips in WB logistics rankings

The Philippines slipped yet again in the World Bank’s global ranking of countries with the most efficient logistics networks, which are seen as key to global competitiveness and economic development.

Posted: March 21st, 2014 in Headlines | Read More »

World Bank OKs $300M loan for PH education program

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Basic reading and mathematics skills of more than four million of the country’s poorest kids should improve as a result of a new World Bank-funded Department of Education project for grade school students.

Posted: March 20th, 2014 in Headlines | Read More »

World Bank sees 6.6% growth for PH this year

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Screengrab from www.worldbank.org

The World Bank continues to see the Philippine economy growing within the government’s targets for 2014 and 2015, despite the destruction caused by Super Typhoon “Yolanda” last year.

Posted: March 17th, 2014 in Latest Business Stories | Read More »

UAE delegation eyes PH for investment opportunities

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UAE

United Arab Emirates (UAE), one of the world’s wealthiest countries, is looking for investment opportunities in the Philippines and has also invited Filipino businessmen to come to UAE to look at opportunities there.

Posted: February 26th, 2014 in Latest Business Stories | Read More »

Social services project gets $479M from WB

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The World Bank has approved nearly half a billion dollars in fresh finance to bankroll a social services project that is expected to benefit millions of Filipinos, many of which were affected by Supertyhpoon “Yolanda” last year.

Posted: February 22nd, 2014 in Editor's Pick,Headlines | Read More »

World Bank, ADB to help set up ‘Yolanda’ trust fund

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The World Bank and the Asian Development Bank will help the Philippine set up a trust fund to efficiently gather and mobilize donations from all over the world for the country’s post-calamity recovery initiatives.

Posted: February 18th, 2014 in Headlines | Read More »

WB to help improve PH food quarantine processes

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The Philippine government has struck a partnership with the World Bank’s private investment arm for the improvement of inspections and quarantine procedures for various food products imported into the country every year.

Posted: February 7th, 2014 in Editor's Pick,Headlines | Read More »

PH banks to post healthy growth in ’14, says BSP

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The local banking sector is expected to keep growing at a healthy pace this year as the country’s growing economy fuels demand for loans for businesses and households.

Posted: February 2nd, 2014 in Editor's Pick,Headlines | Read More »

PH seen growing by 6-7% yearly in next 5 yrs

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The Philippine economy is expected to grow between 6 and 7 percent yearly over the next five years due to increased public and private sector investments in health, education and infrastructure.

Posted: January 19th, 2014 in Headlines | Read More »

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