The Philippines landed at 53rd out of 101 economies in the World Bank Group’s 2025 Business-Ready (B-READY) Report, placing the country squarely at the midpoint of an expanded global ranking and signaling steady reform momentum.
The World Bank and the Philippine government are moving forward with a landmark agreement that could reshape the country’s agriculture sector. At a recent meeting, agriculture secretary Francisco P. Tiu Laurel Jr. and World Bank country director Zafer Mustafaoglu reviewed the progress of the Philippine Sustainable Agricultural Transformation (PSAT) loan program, with the goal of finalizing the USD1 billion loan agreement in July.
The International Finance Corp. (IFC), the private investment arm of the World Bank, has appointed Riccardo Puliti as its new Regional Vice President for Asia and the Pacific.
The Department of Agriculture has lifted its temporary ban on poultry imports from Belgium after Philippine veterinary authorities concluded that the European nation had established sufficient safeguards against High Pathogenicity Avian Influenza (HPAI).
The Filinvest Group inaugurated its first large-scale solar power project, a 20.774-megawatt peak (MWp) facility located in the PHIVIDEC Industrial Estate, Tagoloan, Misamis Oriental.
Isuzu Philippines Corporation (IPC) reinforced its commitment to aftersales excellence with the conclusion of the 21st Isuzu Service Skills Olympics (ISSO), a nationwide program designed to sharpen the technical and customer service capabilities of dealership personnel.
The Aboitiz Foundation is expanding its digital workforce development efforts with AIDA Plus, a new skills-to-employment platform designed to prepare more Filipinos for opportunities in the growing digital economy.