The Philippines News Magazine
Manila, Philippines – The World Bank warned that the Philippines’ persistent high inflation can slow down progress on poverty reduction. In a briefing for the latest Philippines Economic Update (PEU) on Thursday, October 4, World Bank Senior Economist Rong Quan said that Read More …
Manila, Philippines — The World Bank has kept its growth forecast for the Philippine economy that, if realized, will fall below the government’s target for the next few years. In its latest outlook report published Tuesday, the Bank said that Read More …
World Bank: More well-paying jobs and opportunities needed Manila, Philippines — The Philippines’ bullish economic fundamentals helped bring down the poverty rate, according to the World Bank, although poverty reduction in the country has been sluggish due to a wide wealth Read More …
Manila, Philippines – The Philippines is among the top recipients of remittances worldwide, driven by growth in Europe, Russia and the US, the World Bank said in a report. The World Bank said that aside from the Philippines, which received Read More …
Manila, Philippines — Although the Philippine economy is one of the top three growth performers in the region, it faces several domestic risks such as overheating, higher inflation and climbing fiscal deficits, the World Bank warned on Monday. In its Read More …
Manila, Philippines — The World Bank on Friday announced it has approved $170 million worth of additional financing for the Philippine Rural Development Project to boost incomes in the countryside and reduce poverty in the country. In a statement, the Read More …