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One-stop shops, electronic courts to boost PHL’s ‘Doing Business’ ranking

THE PHILIPPINES can make doing business easier for entrepreneurs through one-stop shops as well as by establishing electronic courts to streamline dispute resolution among entrepreneurs, World Bank analysts said on Friday.

World Bank commits additional $280-million funding for PRDP

DAVAO CITY — The World Bank has committed to add another $280 million fund for the Philippine Rural Development Project (PRDP), Agriculture Secretary William D. Dar announced Saturday.

World Bank approves further $300-M funding for CCT program

THE World Bank said it approved a $300 million loan to help fund the Philippines’ conditional cash transfer program for two years.

Policies needed to boost ASEAN’s digital economy

DESPITE high participation in digitally-enhanced services trade among members of the Association of Southeast Asian Nations (ASEAN) between 2010 and 2016, policies to improve broadband penetration are needed to boost economic growth, especially in the Philippines and Indonesia, according to the World Bank.

WB pushes 4.5% of GDP infrastructure spending

DEVELOPING COUNTRIES like the Philippines should invest more to improve living conditions and contribute to global efforts against climate change, the World Bank said.

World Bank official flags impact of lack of competition on PHL...

LACK OF competition hinders the country from making significant progress in reducing poverty, according to an official from the World Bank.

From the Front Page: PHL to outpace China’s GDP growth

Your weekly recap of BusinessWorld news.

World Bank cuts Philippine growth forecasts on elevated inflation, budget reenactment,...

THE WORLD BANK cut its economic growth forecast for the Philippines as sustained high inflation, lower infrastructure disbursements next semester due to reenactment of the national budget and continued weakness of global trade offset the lift from spending related to the May 13, 2019 mid-term elections.

World Bank says demand for blockchain bond tops expectations

Washington -- The World Bank raised Aus$110 million ($80.9 million) in the first-ever blockchain bond offering following investor demand that exceeded expectations, the global...

WB pledges support for Bangsamoro region

THE World Bank (WB) said it will ramp up development support to the Bangsamoro region after President Rodrigo R. Duterte signed the Bangsamoro Organic Law (BOL) last week,

World Bank to scale up dev’t program for Bangsamoro

World Bank said it will ramp up development support to the Bangsamoro region after President Rodrigo R. Duterte signed the Bangsamoro Organic Law (BOL)...

World Bank cites ‘satisfactory’ progress of DA’s rural infra projects

THE WORLD Bank has cited the "satisfactory" progress of the Department of Agriculture's (DA) rural infrastructure projects funded by the Washington-based lender. In its Implementation...

WB maintains Philippine growth forecast

THE World Bank sees stronger growth during the second half of 2018 on the back of stronger public spending, with the Philippine economy expected to sustain its pace despite global headwinds.

WB-backed flood project construction due in Q4

THE bidding process for the Metro Manila Flood Management Project is set to begin next month, the World Bank (WB) said, with the construction period to start in the fourth quarter.

WB cites PHL growth promise, risks

THE WORLD BANK sees the Philippines sustaining relatively robust growth in the medium term -- though short of government target -- but flagged capacity constraints and price pressures that may weigh on prospects.

WB cites Philippines’ anti-poverty gains, deficiencies

THE PHILIPPINES’ robust economic growth has made a dent on poverty in recent years, such progress pales in comparison to those of neighbors due to low-quality jobs, inequitable access to basic services, and the country’s vulnerability to natural disasters, the World Bank said in a report.

Developing human capital for economic growth

To a layman, the relationship between education and economic growth is relatively straightforward. An educated population is a productive work force, and higher productivity...

World Bank cites need to address ‘poor quality of jobs’ to...

THE WORLD BANK has labelled the poor quality of jobs in the Philippines as the "missing link" to reducing poverty and inequality in the...

WB approves $170M funding for PHL rural projects

THE World Bank has approved $170 million in additional funding for programs that seek to develop provinces Philippines by building more roads, bridges, and...

WB holds PHL up as possible model for migrant worker policy

THE PHILIPPINE approach to migrant labor is viewed as a benchmark for other Association of Southeast Asian Nations (ASEAN)-member states, the World Bank said. “The...

ODA loan use better in first half

THE GOVERNMENT improved its use of official development assistance (ODA) loans last semester from a year ago, according to the National Economic and Development...

Percentage of population aged 65 or older in East Asian and...

>> Read the related story: Graying population time bomb ticks in East Asia

How does climate change make people poorer?

BARCELONA -- A new report from the World Bank finds that the poorest people are more exposed to climate-related shocks such as floods, droughts...