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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PH calls for regional support for its rail transit program

At the ASEAN RailCon 2026 held Thursday at the Asian Development Bank (ADB) headquarters, the Philippines appealed to ASEAN member states, investors, and development institutions to back its large-scale railway expansion program.

EastWest launches PERA products making retirement planning accessible to more Filipinos

East West Banking Corporation (EastWest) has introduced its EastWest PERA products to help more Filipinos prepare for long-term financial security.

BSP extends maximum repayment term for salary-based consumption loans to 7 years

The Bangko Sentral ng Pilipinas (BSP) has adjusted rules raising the maximum repayment period for salary-based general purpose consumption loans (SBGPCLs) from the standard three years — extendable only to five years in special cases — to seven years.

Security Bank forum guides businesses on energy efficiency, incentives and sustainable investments

Security Bank recently held Sustainability Talks 2026: Energy Savings and Tax Incentives for a Greener Tomorrow, a forum for commercial clients to address rising energy costs and changing regulations. The event gathered regulators, industry experts and business leaders to discuss strategies for better energy management, cost reduction and compliance with the Energy Efficiency and Conservation Act (EECA).

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