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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Globe and Disney host movie screenings for student leaders

Corporate Bulletins 0
Student leaders from across the Philippines gathered recently for special simultaneous screenings of Toy Story 5 organized by Globe and Disney in Clark, Bonifacio Global City, Dasmariñas, and Cebu City.

Shakey’s closing more stores amid economic, political challenges

Corporate 0
Shakey’s Pizza Asia Ventures Inc. plans to close more outlets this year, following the closure of 15 to 20 stores so far, primarily under its Peri-Peri brand. At the start of 2026, the company operated around 3,000 locations across its brands.

BSP rule boosts digital banking, trashes SMS/email OTP for high-risk transactions

Banking & Insurance 0
Digital banking and e-wallet users now enjoy stronger protection against fraud and unauthorized access, as Bangko Sentral ng Pilipinas (BSP)-supervised financial institutions begin rolling out advanced authentication systems ahead of a key deadline.

Emperador reduces capital spending to P2.4 billion as major projects complete

Corporate 0
Liquor maker Emperador Inc. has lowered its capital expenditure budget for this year to P2.4 billion. This is a significant drop compared to previous years, as the company has finished most of its large-scale investment projects.

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