Cash transfer programs deemed effective in protecting calamity-hit households

CASH TRANSFER programs were able to “effectively” protect typhoon-affected households from falling into extreme poverty, according to a study by the World Bank. “In the aftermath of Typhoon Yolanda (international name: Haiyan) in the Philippines, the country’s 4Ps program proved to be an effective protection against extreme poverty. It was also shown that it raised […]

Marcos plans Maharlika fund ‘soft launch’ at Davos meeting

PRESIDENT Ferdinand R. Marcos, Jr. will invite potential investors to provide capital to his proposed sovereign wealth fund at the World Economic Forum meeting next week, according to the Department of Foreign Affairs. The forum, gathering world leaders at the Swiss resort of Davos, is a “great venue” to introduce the administration’s sovereign wealth fund […]

Bangsamoro region gets World Bank, UNDP help on beefing up disaster management 

THE BANGSAMORO region in southern Philippines is getting support from the World Bank and the United Nations Development Programme (UNDP) as it beefs up its disaster management capacity following the impact of a tropical storm in October where 62 people died and thousands were displaced.    A program called PlanSmart Ready-to-Rebuild (R2R) kicked off last week, […]

PHL gov’t eyes WB loan for agriculture project ’scale-up’

THE PHILIPPINE government is looking to obtain a $550-million loan from the World Bank (WB) to boost its rural development program. A document uploaded on the World Bank website showed the Philippine government is seeking funding for the proposed Philippine Rural Development Project (PRDP) Scale-up. “The PRDP Scale-up aims to improve farmers’ and fisherfolk’s access […]

Cataraja faces Heno for OPBF belt

PROMISING unbeaten super flyweight KJ Cataraja faces one of his stiffest tests to date as he takes on former world title challenger Edward Heno in an Oriental and Pacific Boxing Federation (OPBF) super flyweight title fight on Feb. 11, 2023, in Gen. Santos City. “This fight will be a stepping stone for me and a […]

World Bank urges building broad consensus for ‘health tax’ measures

THE WORLD Bank said countries resorting to “health taxes” like those imposed on tobacco and alcoholic beverages must achieve broad-based partnerships that generate a strong consensus supporting such measures, and not just deploy straightforward arguments like raising revenue and improving public health. “Health taxes should not be viewed solely through the lenses of health or […]

PHL eyes $600-M World Bank loan

THE MARCOS administration is seeking a $600-million loan from the World Bank to help the Philippines bounce back from the pandemic, as well as improve climate resilience and fiscal management.    The Philippines’ first sustainable recovery development policy loan (DPL) is expected to be approved by the World Bank board on May 16, 2023, according […]

World Fintech Show features dynamic collaborations set to influence the direction of fintech in Saudi Arabia.

After two thrillingly eventful days, World Fintech Show, Powered by Revival Lab, Fintactics, and Arbah Capitalconcludes after leaving the Saudi fintech industry with a lot to look forward to. This event is widely considered a pivotal turning point for the Saudi Arabian fintech market. Riyadh, Saudi Arabia, Dec 22, 2022 – (ACN Newswire via […]

#WBSBangkok wraps up a successful two days and breaks new grounds for web3 in 2023

#WBSBangkok set the global web3 stage, as hundreds of industry trailblazers, thought leaders, high-net-worth investors, global media, and blockchain technologists converged together in Bangkok on 8-9 December 2022. BANGKOK, Thailand, Dec 19, 2022 – (ACN Newswire via – The 23rd edition of World Blockchain Summit – Bangkok 2022, hosted a diverse crowd of web3 […]