Philippines, Dec. 9 -- The Asian Development Bank (ADB) has approved a $400 million policy-based loan to support government reforms to improve ease of doing business and help position the Philippines as a top investment destination in Asia and the Pacific.The Business Environment Strengthening with Technology Program (BEST) Subprogram 1 supports private sector development reforms to streamline and improve transparency of regulatory requirements and processes for businesses. It also seeks to facilitate investment in priority sectors with strong development impact and strengthen digital delivery of government services to businesses and investors. In 2024, the Philippines ranked 52nd out of 67 economies in the International Institute for Manag...