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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AboitizPower sets P62B capex for 2026, focuses on renewables and battery storage

Corporate 0
Aboitiz Power Corporation (AboitizPower) and its partners have earmarked P62 billion in capital spending for 2026, with most of the funds going to renewable energy projects and battery energy storage systems (BESS).

AEV keeps guarded optimism for challenging 2026 

Corporate 0
Aboitiz Equity Ventures is heading into 2026 with what it calls cautiously optimistic expectations, even as storm clouds gather over the broader economy.

Aboitiz Equity Ventures outlines 2026 investment plan, growth strategy

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Aboitiz Equity Ventures (AEV), the Aboitiz Group’s main investment arm, said it is continuing its long-term expansion and value-building plans for 2026, supported by a more diversified portfolio and a strong financial position.

Diesel, kerosene prices drop further; fuel supply improves — DOE

Energy & Mining 0
The Department of Energy on Monday (DOE) announced mixed fuel price changes this week, with gasoline prices rising slightly while diesel and kerosene will see significant cuts.

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