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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Cebu Pacific opens one-stop service center for OFWs at MCIA Terminal 2

Travel & Tourism 0
Cebu Pacific (CEB) has launched the new OFW Facilitation Center at Mactan-Cebu International Airport (MCIA) Terminal 2, aimed at making essential travel and government services easier to access for overseas Filipino workers before departure and upon arrival.

MORE’s modernized power grid saves Iloilo from massive outages

Energy & Mining 0
Iloilo's modernized power grid may have spared the city the worst of a two-month wave of Visayas outages, a new economic report suggests. 

ERC reforms seek to spur next investment wave

Energy & Mining 0
The Energy Regulatory Commission (ERC) is rolling out regulatory reforms aimed at unlocking fresh investments in the power sector, easing grid bottlenecks, and accelerating the Philippines' shift toward renewable energy as electricity demand continues to climb.

NKTI expansion targets regional lead in dialysis care

Education, Health & Science 0
The National Kidney and Transplant Institute (NKTI) is on track to become Southeast Asia's largest dialysis center after President Ferdinand R. Marcos Jr. ordered the accelerated completion of its new 13-story Hemodialysis Building, a project aimed at expanding access to specialized kidney care amid the country's growing burden of chronic kidney disease (CKD).

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