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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...