World Bank - CNN Philippines

about 2 weeks ago

The Philippines ranks 124th out of 190 countries when it comes to ease of doing business, according to the latest report by the World Bank.

about 1 month ago

The World Bank flagged as growth risks high inflation, low agriculture output, weak exports and growing trade tensions between the U.S. and China.

about 1 month ago

The loan is meant for the rehabilitation of regions that were devastated by Typhoon Ompong.

about 2 months ago

It doesn't help that the agricultural labor force has been on a drastic decline, losing over 1.5 million workers in the past five years alone. This means lower production as more farmers, fishermen, and workers look for other jobs.

about 3 months ago

This falls short of the government target of 7 to 8 percent GDP for the year.

about 5 months ago

The richest 1 percent of Filipinos own more than 50 percent of the country's wealth, a rate of inequality only topped by Hong Kong, Turkey and Russia, according to the World Bank.

about 6 months ago

The country's remittances grew 5.3 percent in 2017.

about 1 year ago

The World Bank predicted the Philippines' economy will expand at 6.8 percent in 2017.

about 1 year ago

The World Bank sees a rosy picture for the Philippine economy in the coming years, but it also sees some challenges to inclusive growth.

about 2 years ago

The International Monetary Fund and the Asian Development Bank both recently gave rosy outlooks for the Philippine economy. The World Bank is just as optimistic, despite the transition to a new administration.