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.
Toyota Motor Philippines Corp. (TMP) is navigating supply disruptions and changing consumer behavior while sticking to a multi-path strategy that spans hybrids, electric vehicles, and internal combustion engines, its president Masando Hashimoto said.
The Aurora Pacific Economic Zone and Freeport Authority (APECO) is positioning itself as a future hub for defense, fisheries, clean energy, and logistics, as it seeks investors to help develop key infrastructure in northern Aurora.