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 Bangko Sentral ng Pilipinas (BSP) has issued an advisory reminding the public that bank accounts and e-wallets are strictly personal and must only be used by their registered owners.
The Department of Tourism (DOT) is moving to revive arrivals from South Korea after the country’s longtime top source market slipped this year, even as overall foreign visitor numbers continued to grow and the United States emerged as the Philippines’ largest inbound tourism market.
The payment app of Mynt is set to launch a dedicated digital marketplace for returning overseas Filipinos, creating new livelihood opportunities and helping migrant workers