At least five million Filipino farmers are poised to benefit from a USD1-billion World Bank financing package aimed at accelerating a nationwide shift toward higher productivity, diversification, and climate resilience—an overhaul long seen as critical to stabilizing food supply and rural incomes.
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.
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.
The Department of Transportation (DOTr) aims to partially open the Metro Rail Transit Line 7 (MRT-7) by the second quarter of 2027, with its first 12 stations set to begin service.
The Department of Trade and Industry (DTI) is stepping up efforts to expand market access for Philippine exporters as merchandise shipments sustained double-digit growth in the first five months of 2026, signaling resilient external demand despite global trade uncertainties.
The fast-growing fintech company Salmon has launched a new campaign aimed at reshaping how Filipinos view borrowing, shifting the perception of debt from a source of stress to a positive financial tool.
More than 25 US business executives and investors will visit the Philippines next week to explore opportunities in high-growth industries, signaling sustained American interest in one of Southeast Asia's fastest-growing economies.