-
The World Bank’s evaluation group gave a rating of only “moderately satisfactory” to a sewerage project completed last year in Metro Manila, the Philippine capital, which the lender funded with a $64-million loan approved in 2005.
-
The Philippine government this week rejected a petition to waive the record $25.2 million USD fine for Philex Mining, the Philippines largest gold miner.
-
Economists said the Philippine economy is expected to further expand by 7.5 to 8 percent this year on the back of heavy election spending, increased infrastructure projects, robust consumer and service sectors, stronger tourism and the gaming industry. This comes after last year’s GDP growth in the country of 6.2 percent.