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.
First Gen Group, the Philippines’ leading renewable energy firm, has partnered with e-waste recycler HMR Envirocycle to roll out Drop IT for Good, a company-wide campaign for collecting and properly disposing of IT equipment and other electronic waste across the Lopez Group.
Globe AT HOME is rolling out community-based broadband centers across the Visayas region to make reliable home internet more accessible and easier to avail for local households. These new facilities are set up directly within barangays, solving a common challenge for families who previously had to travel far to get information, apply for services, or receive assistance with their internet connection needs.
The Environmental Management Bureau (EMB) has strongly denounced the dumping of trash in front of the Department of Environment and Natural Resources Region XI office, describing the act as illegal and an unhelpful distraction from urgent work following the May 20 trash‑slide at the Davao City Sanitary Landfill. That incident killed two people, injured two others, and left one person still being recovered.