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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DOT sharpens tourism strategy to boost visitor value

Travel & Tourism 0
The Department of Tourism is tightening its playbook, shifting from volume to value as it targets markets and segments that can deliver higher spending and longer stays.

Japan honors two Filipinos for strengthening bilateral ties

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The government of Japan has named two Filipino leaders among the recipients of its 2026 Spring Conferment of Decorations, recognizing their roles in deepening relations with the Philippines.

Visa, BPI launch real-time global money transfer service

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Global payments company Visa Inc. has partnered with Bank of the Philippine Islands (BPI) to introduce Visa Direct in the Philippines, a service that allows customers to send money abroad in real time.

ADB cuts Asia growth forecast, sees higher inflation amid Middle East crisis

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The Asian Development Bank (ADB) on Wednesday lowered its economic growth outlook for developing Asia and the Pacific, warning that ongoing conflict in the Middle East is causing deeper and longer-lasting disruptions than expected.

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