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Additionally, the Philippines and the World Bank have set goals for the Philippines by 2040. By that time, the Philippines wants to be free from poverty and sustain a prosperous middle class. [39] In order to do so, the World Bank estimates that income per capita must triple by way of having its economy grow at an average annual rate of 6.5%. [40]
January 4 – President Duterte signs Republic Act No. 11510, institutionalizing the alternative learning system (ALS). [2] [3]January 18 – The Department of National Defense announces its unilateral termination of its 1989 accord with the University of the Philippines which took effect three days earlier over claims that the New People's Army is recruiting members in the universities' campuses.
The World Bank Institute is the capacity development branch of the World Bank, providing learning and other capacity-building programs to member countries. The IBRD has 189 member governments, and the other institutions have between 153 and 184. [2] The institutions of the World Bank Group are all run by a board of governors meeting once a year ...
The major global rollout of COVID-19 vaccines, which began at the end of 2020, continued in 2021. Most major events scheduled for 2020 that were postponed due to the pandemic were hosted in 2021, including the 26th United Nations Climate Change Conference, Expo 2020, and sporting events such as UEFA Euro 2020, the 2020 Summer Olympics and ...
With the Philippines being the 39th largest economy in the world, the country continues to be a promising prospect for the BPO Industry. In August 2014, the Philippines hit an all-time high for employment in the BPO industry. From 101,000 workers in 2004, the labor force in the industry grew to over 930,000 in just the first quarter of 2014. [7]
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EFSP seeds agricultural inputs, watershed management and cash for work for farming communities. It sustains local farmers' associations and disburses $50 million worth of seeds for 300k farmers, reaching 2.1 million people. 20 micro irrigation scheme designs have been completed. 54 watershed sub-projects to create job opportunities through cash-for-work activities for more than 280,000 ...
Rank Bank name Assets (millions of PHP) Asset change Rank change 1 BDO Unibank, Inc. 4,508,065.88: 2 Land Bank of the Philippines (LBP) 3,325,085.09