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.
Globe has launched a combined mobile and home internet package to make daily digital life smoother and more rewarding for users across the Philippines. The service brings together reliable mobile connectivity and high-speed fiber internet to support work, study, streaming, gaming and family communication both at home and on the go.
The Philippine government has endorsed an Asian Development Bank (ADB)-supported roadmap to overhaul how public funds are planned, spent, and monitored, marking a major step toward improving service delivery and strengthening accountability across government.
Bounty Fresh is investing about P800 million in a new food manufacturing facility in Tarlac as it accelerates its push into the fast-growing convenience food segment, betting that changing consumer habits will drive demand for ready-to-cook and ready-to-eat products.