Metro Manila West Zone concessionaire Maynilad Water Services Inc. began its capital-raising exercise Thuesday, Oct. 23, with its ₱34.33 billion initial public offering (IPO) open for subscription until Oct. 29, 2025. Maynilad fixed its IPO share price at ₱15 on Oct. 20. The water...
Ayala Corp.’s $100-million blended finance deal for electric mobility was named the Philippines’ Transport Deal of the Year in The Asset Triple A Sustainable Infrastructure Awards 2025. The financing for Ayala subsidiary ACMObility came from the Asian Development Bank (ADB) and Canadian...
Aside from lead cornerstone investors International Finance Corp. and Asian Development Bank (ADB), Maynilad Water Services, Inc. has signed cornerstone investment agreements with 10 more international and domestic institutions led by the UK’s Foreign, Commonwealth and Development Office, acting...
Maynilad Water Services Inc. may have to woo more cornerstone investors for its ₱45.8-billion initial public offering (IPO) as the prospective $245 million from the World Bank Group ’s (WBG) International Finance Corp. (IFC) and the Manila-based Asian Development Bank (ADB) is a strong vote...
Despite ongoing corruption scandals, the Asian Development Bank (ADB) expressed continued confidence in the Philippines and reaffirmed its commitment to actively assist the government in resolving issues. Speaking on the sidelines of the Arangkada Philippines investment forum on Thursday, Sept. 25,...
The Philippines will repay until 2053 its latest $400-million (nearly ₱23-billion) loan from the Manila-based Asian Development Bank (ADB) that supports the Marcos Jr. administration’s “Walang Gutom” Food Stamp Program. Documents showed that Finance Secretary Ralph G. Recto, on behalf of...
Economic growth in Asia-Pacific stands to benefit from increased artificial intelligence (AI) and cloud computing adoption across the region, according to the Asian Development Bank (ADB). In a brief titled “Leveraging Artificial Intelligence and Cloud Computing to Accelerate Growth in Asia and...
The Manila-based Asian Development Bank (ADB) has officially designated Andrew Jeffries as its new country director for the Philippines effective Monday, Aug. 18, 2025. Jeffries will lead the ADB’s operations in its host country, which currently holds an active portfolio valued at approximately...
The Department of Agriculture (DA) is seeking ₱3.5 trillion in total investments—including support from the private sector—to transform the country’s agriculture sector into a more robust, economically viable contributor to national food and economic security. During the launch of the...
The Philippines has secured a $400-million, or over ₱22-billion, loan from the Manila-based Asian Development Bank (ADB) to support its host country in addressing hunger, food insecurity, and malnutrition, particularly in the face of growing climate and disaster-related threats. Undernutrition in...
As air travel continues to soar in Southeast Asia, public-private partnerships (PPPs) are expected to bolster the region’s aviation sector to meet the growing demand sustainably, according to the Tokyo-based think tank Asian Development Bank Institute (ADBI). In a policy brief, ADBI said that the...
The Tokyo-based think tank Asian Development Bank Institute (ADBI) has flagged rising post-pandemic debt repayments in developing economies across the region, including the Philippines, which are depriving governments of more funding for public goods and services. “Between 2008 and 2019, annual...
