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World Bank clears $287-million loan  for new PHL broadband connectivity project

Business Mirror LogoBusiness Mirror12h ago

World Bank clears $287-million loan  for new PHL broadband connectivity project - Business Mirror

Quick Summary:

THE World Bank Board of Executive Directors has approved a new broadband internet connectivity project for the Philippines that seeks to make the country more resilient in the face of climate change and other potentially disruptive events.

Earlier, the Word Bank said the Philippine economy is now expected to perform better until 2026 amid “turbulent times” faced by the East Asia and the Pacific region.

This project, the Washington-based lender said, will complete the remaining parts of the national fiber backbone, connecting the two main international landing stations in Baler (Luzon) and Davao City (Mindanao).


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Article Details

Author / Journalist: Cai U. Ordinario

Category: BusinessStartups

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-11 @ 16:03:00 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 651 words

Reading Time: 4 minutes read

Sentences: 23 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 22999338

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About Business Mirror

Business Mirror Logo

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 48 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 12 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #37

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The story "World Bank clears $287-million loan  for new PHL broadband connectivity project" was covered 12 hours ago by Business Mirror, a news publisher based in Philippines.

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  • URL: https://beamstart.com/news/world-bank-clears-287-million-17286644368517

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