Tag: World Bank

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Philippines climbs, reforms power business confidence

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

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

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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Federal Land sees steady demand despite incertainty

Federal Land NRE Global Inc. (FNG) said demand for its projects remains strong despite economic uncertainties, particularly in its 600-hectare River Park development in Cavite.

Flexible funding push as risks mount globally

Flexible financing, capital mobilization, and stronger international support are urgently needed to safeguard growth as geopolitical tensions and climate shocks strain developing economies such as the Philippines.

BSP likely to raise rates as inflation risks rise

The Bangko Sentral ng Pilipinas (BSP) is expected to increase its policy rate by 25 basis points on April 23, as inflation risks become more persistent and widespread.

Subic regatta wraps up national yacht racing series

The BPI Subic Regatta 2026 closed the third season of the BPI Private Wealth Signature Yacht Race Series, drawing sailors from across the country for a final round of racing focused on precision and teamwork.

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