A “huge gap” between demand and supply of vaccines is threatening the rebound across developing Asia, according to Asian Development Bank President Masatsugu Asakawa. “We need to invest more in vaccine manufacturing companies in the region to expand the production function,” Asakawa said in...
The Department of Budget and Management (DBM) assured that it will implement next year the Supreme Court ruling transferring more funds to local government units (LGUs), which the Asian Development (ADB) warned could disrupt public spending. Budget Secretary Wendel E. Avisado said they already...
The Asian Development Bank has raised its growth forecast for developing Asia this year on the rollout of Covid-19 vaccines and the strength of global export demand, but warned that resurgent virus outbreaks threatened the recovery. China and India are expected to lead the rebound across the vast...
The Asian Development Bank (ADB) has substantially slashed its economic growth forecast for the Philippines due to “considerable uncertainty” over the coronavirus pandemic. In the latest Asian Development Outlook 2021 released on Wednesday, April 28, the Manila-based multilateral institution...
The recovery of the Philippines from the pandemic hinges on the pace of coronavirus vaccinations as efforts to reopen the economy have been undermined by the surge in new infections, the Asian Development Bank (ADB) said. Kelly Bird, ADB country director for the Philippines said on Wednesday, April...
The trilateral cooperation in support of the Philippines’ COVID-19 vaccination program is a testament of the closer coordination among the World Bank, Asian Development Bank (ADB) and the Asian Infrastructure Investment Bank (AIIB). Ahmed Saeed, ADB vice president said the...
The Technical Education and Skills Development Authority (TESDA) needs to adopt nontraditional, innovative, and flexible approaches as school disruptions and closures due to the pandemic continue, an Asian Development Bank’s (ADB) study revealed, Based on the “Technical and Vocation Education...
The Green Climate Fund (GCF) has created a financing window to help Southeast Asia shape a climate-resilient, environmentally sustainable economic recovery from the coronavirus disease (COVID-19) pandemic. In a statement, the Asian Development Bank (ADB) said on Monday, March 22, that GCF has...
The anticipated commercial launch of DITO Telecommunity this year is not expected to close the digital gap between rich and poor cities in the Philippines, after the company confirmed in a Senate hearing it would be unable to immediately cover underserved areas with their telco services. ...
The Department of Finance (DOF) said it will tap loan financing from multilateral lenders to ensure that the government has more than enough vaccine doses to inoculate adult Filipinos against the coronavirus. Finance Secretary Carlos G. Dominguez III said they are targeting about $1.3 billion loan...
The Asian Development Bank (ADB) is preparing additional funding support for the government’s purchase of coronavirus vaccines following the initial loan allotment for this year. In a statement, the Manila-based multilateral financial institution said a follow-on support is being considered by...
The study undertaken by the Asian Development Bank (ADB) on the proposed mode of privatization for the 150-megawatt Casecnan and 728MW Caliraya-Botocan-Kalayaan (CBK) hydropower plants will be out by the end of this month, according to state-run Power Sector Assets and Liabilities Management...
