To increase government revenues, tax authorities such as the bureaus of Internal Revenue (BIR) and of Customs (BOC) in the Philippines should set their sights on bigger enterprises and other entities that are difficult to tax, according to an Asian Development Bank (ADB) report. “Focus on larger...
The Asian Development Bank (ADB) has approved a $500 million policy-based loan to support the Philippine government's efforts in enhancing labor market programs and promoting job creation. In a statement on Thursday, Jan. 30, ADB said the program aims to improve the productivity and employability...
The Asian Development Bank (ADB) has approved a $500 million policy-based loan to provide the Philippines with immediate access to financing in the event of disasters triggered by natural hazards or health-related emergencies. In a statement, the Manila-based lender said the funding will support...
Economies across the Asia-Pacific region can withstand headwinds from the policies of the Trump 2.0 administration that are deemed detrimental to global free trade and climate financing, according to a top Asian Development Bank (ADB) official. Once the United States imposes tariffs, "China, of...
Ayala Corporation has secured a $100-million (about P5.841 billion) financing deal with the Asian Development Bank (ADB) to accelerate the development of an electric mobility ecosystem in the Philippines. “This funding will be used to procure and install electric vehicle charging stations...
Countries in Asia and the Pacific (APAC), including the Philippines, could suffer sluggish economic growth, with more people jobless and less productive if governments do not prepare for the mega changes in workforces. This warning came after Alex Ivaschenko and Helen Osborne, authors of an Asian...
The Philippine government is leveraging support from foreign lenders this year to drive its development objectives, securing billions in loans for projects aimed at transforming the country. Online documents reviewed by the Manila Bulletin revealed that the Marcos administration will borrow a total...
The Philippine bamboo industry has an "enormous" potential for bigger and higher-value exports to the global market, according to the Asian Development Bank (ADB). "The Philippines' major bamboo species, Dendrocalamus asper , is known as the giant bamboo because of its massive culms and towering...
The Asian Development Bank's (ADB) newest loan to its host country, the Philippines, which will finance reforms in managing public funds, is scheduled to be repaid until 2039. Documents showed that the loan agreement for the $500-million Public Financial Management (PFM) Reform Program (Subprogram...
The Philippines will repay the Asian Development Bank (ADB) until 2039 for the new $500-million policy-based loan it secured to intensify climate change adaptation and mitigation efforts. Documents showed that Department of Finance (DOF) Secretary Ralph G. Recto, on behalf the Philippine...
Due to project implementation delays, the Philippines is seeking the extension of two loans obtained by the previous Duterte administration from the Asian Development Bank (ADB) and the World Bank. Documents showed that the Department of Finance (DOF), on behalf of the Philippine government, asked...
The Asian Development Bank (ADB) has approved a $30 million loan to support the government’s public-private partnership (PPP) projects, aiming to bolster infrastructure development, advance climate action, and enhance economic competitiveness. In a statement on Friday, Dec. 13, the Manila-based...
