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.
DMCI Mining Corp., a leading Philippine nickel producer operating through Zambales Diversified Metals Corp. (ZDMC) and Berong Nickel Corp., welcomed the recent surge in nickel prices, but company leadership emphasized that market performance is not driving its expansion plans.
The Bank of the Philippine Islands (BPI) is strengthening its digital banking services for businesses through the Express Check Deposit feature on the BPI BizLink platform.
The Philippine Chamber of Commerce and Industry (PCCI) on Tuesday urged the government to adopt a bold national energy strategy anchored on three key pillars to ensure reliable, affordable, and sustainable power for the country.