President Ferdinand "Bongbong" Marcos Jr. expressed hopes that the Asian Development Bank (ADB) would continue to support the Philippines in realizing its high-impact projects. President Ferdinand 'Bongbong' Marcos Jr. and Asian Development Bank President Masatsugu Asakawa (Noel B. Pabalate)...
After halting the world for at least two years, President Ferdinand "Bongbong" Marcos Jr. believes that the threat of Covid-19 is now over as he credited the different scientific breakthroughs that allowed governments to respond to the pandemic. *President Ferdinand 'Bongbong' Marcos Jr. (Noel...
After more than two years of grappling with the effects of a deadly virus, President Ferdinand "Bongbong" Marcos Jr. said the Philippines can now shift its focus from fighting Covid-19 to developing the economy and improving the lives of Filipinos. *President Ferdinand 'Bongbong' Marcos Jr. (Noel...
Ayala-led ACEN Corporation and its partner-firms have signed financial agreement with Asian Development Bank (ADB) and other lenders for their 600-megawatt Monsoon wind farm project estimated to cost over $1 billion in Sekong and Attapeu provinces in Laos. According to ACEN, ADB is the lead arranger...
Delegates from the Sri Lanka Ministry of Health and Asian Development Bank paid a courtesy visit to Para ñaque Mayor Eric Olivarez and 1 st District Rep. Edwin Olivarez on March 23. The delegates were accompanied by Para ñaque City Health Office (CHO) officer Dr. Olga Virtusio and Dr....
The Asian Development Bank (ADB) has approved a loan that aims to help the government expand economic opportunities in agriculture. In a statement on Friday, Jan. 27, the Manila-based multilateral institution said the bank approved a $500 million policy-based loan to the Philippines that seeks to...
The Asian Development Bank (ADB) raised this year’s growth forecast for the Philippines on stronger-than-expected domestic demand, but it expects the expansion to move at a much slower pace next year due to financial tightening and global headwinds. Based on the latest supplement to the Asian...
Two development partners of the Philippines and a US-based think tank have recommended the establishment of a sovereign wealth fund (SWF), the Department of Budget and Management (DBM) said. Budget Secretary Amenah F. Pangandaman said the Asian Development Bank (ADB), the International Monetary...
The Asian Development Bank (ADB) said it will fund the upgrade and modernize the Philippines’ technical and vocational education and training (TVET) system to make it more responsive to new labor demands. In a statement, the Manila-based multilateral institution said the ADB approved a $100...
The prolonged pandemic has set back the fight against poverty in Asia and the Pacific by at least two years, saying the region will likely find it harder than before to escape poverty, a report by the Asian Development Bank (ADB) revealed. According to ADB’s Key Indicators for Asia and the...
The Asian Development Bank (ADB) would focus its support to the Philippines on climate action, climate smart transport and communication, and investing in Filipinos’ welfare for the next six-year, the Department of Finance (DOF) said. In a statement on Wednesday, Aug. 10, Finance Secretary...
Asian Development Bank (ADB) expects the Philippine economy to grow at a much faster pace this year despite accelerating consumer prices. In the Asian Development Outlook 2022 Supplement report released on Thursday, July 21, the Manila-based multilateral institution raised its gross domestic...
