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.
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.
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 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).