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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Aznar Shipping charts expansion with new vessels

Transport & Logistics 0
Cebu-based Aznar Shipping Corp. is preparing for a major growth phase, with plans to acquire three new vessels from China over the next three years as it seeks to meet rising cargo demand and expand its footprint across the Visayas.

TPB Philippines secures P63.4 million sales leads at ITB China 2026

Trade & Investments 0
The Tourism Promotions Board (TPB) Philippines generated a total of P63.4 million in potential sales leads during its participation in ITB China 2026, held in Shanghai, China from May 26 to 28.

Remittances rise in April 2026: OF inflows stay strong amid global economic challenges

Economy 0
Cash remittances from overseas  Filipinos (OFs) kept growing in April 2026, showing remarkable resilience even as global economic conditions remain difficult.

BIR collections surge in May on extended filing

Banking & Insurance 0
The Bureau of Internal Revenue (BIR) posted stronger-than-expected revenue collections in May, buoyed by the extended tax filing season and continued taxpayer compliance despite disruptions caused by the recent energy crisis.

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