Tag: World Bank

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World Bank backs Philippines reform agenda with $800M loan

Economy Context.ph Context.ph -
The World Bank has approved an USD800-million financing package for the Philippines aimed at strengthening fiscal resilience, improving the business climate and equipping Filipino workers with skills needed for higher-quality jobs.

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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Manila Water urges preventive desludging this July amid El Niño risks

Environment 0
Manila Water has released its July desludging schedule, encouraging qualified customers to take part in this regular maintenance to keep septic systems safe and reliable. Desludging clears accumulated sludge from septic tanks to prevent blockages, foul odors, and overflows, while also helping households avoid costly repairs and supporting proper wastewater treatment and environmental protection.

Digital loans become everyday money tool for Filipinos 

Communications & Technology 0
Digital borrowing is becoming a regular part of household money management in the Philippines, with more Filipinos turning to mobile lending apps not just for emergencies but also to cover everyday expenses and short-term cash needs, according to a new industry study.

SAFC appoints new CEO to  drive next growth phase

Corporate Bulletins 0
South Asialink Finance Corp. (SAFC) has named Maricel D. Dejongoy as its new President and Chief Executive Officer, betting on an experienced insider to lead the lender's next phase of growth and deepen its financial inclusion efforts.

PEZA clears path for Hann Reserve tourism project

Travel & Tourism 0
The Philippine Economic Zone Authority (PEZA) has registered Hann Philippines Inc. as a Tourism Ecozone Domestic Market Enterprise, clearing the way for the continued development of its multibillion-peso Hann Reserve project in New Clark City.

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