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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Takeda model boosts access, wins dual awards

Corporate Bulletins 0
Takeda Healthcare Philippines, Inc. has secured two top honors at the Healthcare Asia Pharma Awards 2026, earning Most Differentiated Service of the Year – Philippines and Patient Advocacy Program of the Year – Philippines. The recognition highlights a patient access model that is helping more Filipinos complete treatment despite persistent cost and system barriers.

Marcos moves to repatriate Zaldy Co

Context Dispatch 0
President Ferdinand Marcos Jr. on Monday said the government is taking all legal steps to secure the return of former Ako-Bicol partylist congressman Zaldy Co, who was apprehended in Prague last week and remains under Czech custody. Marcos said he has directed the Departments of Justice and Foreign Affairs to coordinate with Czech authorities and deploy a high-level team to oversee proceedings, stressing that extradition follows strict legal processes. “We will bring Zaldy Co home and we will do so in accordance with the law,” he said, adding the former lawmaker will answer to the Filipino people.

Loan growth drives BPI Q1 profit, margin gains

Banking & Insurance 0
Bank of the Philippine Islands (BPI) posted a solid start to 2026, with first-quarter net income rising to P16.9 billion, up 1.7 percent year-on-year and 4.9 percent quarter-on-quarter, supported by stronger lending, wider margins, and resilient fee income.

Lopez feud sparks fight over costly poison pill

Corporate 0
A widening family rift inside Lopez Inc. is escalating into a high-stakes corporate battle over provisions that could force listed power generation firm First Gen Corp. to sell key energy assets at a steep discount, potentially wiping out nearly P24 billion in value.

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