Tag: World Bank

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Philippines climbs, reforms power business confidence

Economy Context.ph Context.ph -
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.

DA eyes $1B World Bank loan for sustainable agriculture

Agriculture Context.ph Context.ph -
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.

New IFC regional chief calls for greater private investments in Asia-Pacific

Top News Context.ph Context.ph -
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. 

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Power, toll roads lift MPIC earning in first quarter

Corporate 0
Metro Pacific Investments Corp. reported a 5 percent increase in first-quarter income to P6.9 billion from P6.6 billion a year ago, despite higher energy prices and global market volatility.

SPC Power sets P3-B capex for battery, solar expansion

Energy & Mining 0
SPC Power Corp. has set aside P3 billion in capital expenditures for 2026 to support the development of battery energy storage system (BESS) and solar power projects.

AirAsia X orders150 Airbus A220 jets  in $19 billion deal

Transport & Logistics 0
AirAsia has signed a deal with Airbus to buy 150 A220-300 aircraft in an agreement valued at about $19 billion at list prices. The airline also has the option to increase the order to 300 aircraft in the future, making it the largest single firm order globally for the A220 model.

ASEAN to address Middle East crisis spillover

Trade & Investments 0
ASEAN leaders are expected to issue a unified statement on the Middle East at the 40th ASEAN Summit tomorrow, outlining both a regional position and a framework for addressing future crises, Foreign Affairs Secretary Ma. Theresa Lazaro said.

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