Tag: World Bank

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World Bank backs Philippines reform agenda with $800M loan

The World Bank has approved an USD800-million financing package for the Philippines aimed at strengthening fiscal resilience, improving the business climate and equipping Filipino workers with skills needed for higher-quality jobs.

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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Philippines pitches flagship mines to capture minerals investments

The Philippines is stepping up efforts to attract global mining investors by showcasing its flagship copper and gold projects, positioning the country to capitalize on soaring demand for critical minerals driven by the energy transition and the realignment of global supply chains.

McDonald’s, Megawide expand partnership for early learning programs

As the new school year approaches, McDonald's Philippines, Ronald McDonald House Charities (RMHC) Philippines and Megawide Foundation have renewed their commitment to early childhood education with the reopening of the refurbished Ronald McDonald Bahay Bulilit Learning Center in Barangay Mambog IV, Bacoor City.

Mixed fuel price adjustments expected this week – DOE

The Department of Energy (DOE) announced Monday the various fuel companies may implement varying price adjustments for the week starting June 29, 2026.

RENTAPASADA lowers entry barriers to ride-hailing drivers

As ride-hailing demand continues to expand across the Philippines, the biggest obstacle for many aspiring drivers remains the steep upfront cost of acquiring a vehicle. 

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