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 Philippine National Bank (PNB) announced Friday that its board of directors has approved the declaration of a special cash dividend of ₱1.10 per common share, representing approximately 7% percent of its 2025 net income.
The Bangko Sentral ng Pilipinas (BSP) has approved a new rule (Circular No. 1235) establishing the Positive Neutral Countercyclical Capital Buffer (PN-CCyB), a mechanism designed to support steady lending even during economic stress.
The Light Rail Transit Authority (LRTA) has introduced free parking services at LRT-2 Legarda Station starting May 25, Monday. This move comes as oil prices continue to rise, aiming to persuade private vehicle owners to shift to public transport, bringing clear economic benefits to commuters and the wider community.
Ferdinand Marcos Jr. has signed Executive Order No. 116, increasing the minimum access volume (MAV) for pork imports by 150,000 metric tons to help ease supply shortages and stabilize prices amid the lingering impact of African Swine Fever.