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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CAAP opens OFW lounge at Zamboanga Airport

Transport & Logistics 0
The Civil Aviation Authority of the Philippines (CAAP) has opened a dedicated lounge for overseas Filipino workers (OFWs) at Zamboanga International Airport to provide comfort and essential services for travelers.

Globe Business strengthens AI push with AAP alliance

Corporate Bulletins 0
Globe Business has signed a two-year strategic partnership with the Analytics and Artificial Intelligence Association of the Philippines (AAP) to help organizations in the Philippines adopt artificial intelligence (AI) more effectively in daily operations.

MinDA accelerates Mindanao Rail, connectivity via PPPs

Trade & Investments 0
The Mindanao Development Authority (MinDA) is fast-tracking key infrastructure initiatives in Mindanao, including the 428-kilometer Mindanao Transport Connectivity Improvement Project and the long-delayed Mindanao Railway Project, through public-private partnerships (PPP).

BSP warns public vs unauthorized crypto service providers

Banking & Insurance 0
The Bangko Sentral ng Pilipinas (BSP) has renewed its warning to the public against using unauthorized virtual asset service providers (VASPs), which handle cryptocurrency activities such as trading, transfers, exchanges, safekeeping, and payments.

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