Disasters

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World Bank Rates Philippines’ New Sewerage Project Only “Moderately Satisfactory”

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.
Philippine's Largest Gold Miner Ordered to Pay Environmental Degradation Fine

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.
Uptick in Philippine Economy Paves Way for More Flood Control and Irrigation Projects

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.

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