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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SM Prime revamps Susana Heights Estate with amenities

SM Prime Holdings Inc., the property development arm of the Sy Group, is stepping up its push into the premium residential segment with a phased transformation of Susana Heights Village, signaling continued confidence in demand for low-density, high-value suburban estates despite a softer macroeconomic backdrop.

DDMP REIT raises dividend on strong earnings

DDMP REIT Inc. has declared a higher cash dividend for its shareholders, backed by solid earnings growth and sustained leasing activity across its Bay Area office portfolio.

Unemployment eases, but labor market pressures persist

The Philippine labor market showed modest improvement in March, with unemployment easing slightly, though broader indicators suggest lingering pressures on job quality and workforce participation.

Farm output value slips 0.3% in Q1 as rice weakens

Agriculture and fisheries output in the first quarter of 2026 edged lower from a year earlier, as declines in crops and fisheries offset solid gains in livestock and poultry, underscoring uneven recovery across the sector.

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