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...
The 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...
Southeast Asia’s green recovery from the pandemic has the potential to create more investment opportunities and add millions of jobs in the next eight years, a new Asian Development Bank (ADB) report said. Based on ADB’s “Implementing a Green Recovery in Southeast Asia” report on Wednesday,...
Less than two weeks before President Rodrigo Duterte’s term ends, the government sealed the Asian Development Bank’s (ADB) biggest infrastructure loan package that would connect Metro Manila and Calamba in Laguna through a railway system. At a signing ceremony witnessed by President Duterte...
The Asian Development Bank has vowed to support President-elect Ferdinand “Bongbong” Marcos Jr. and his administration’s initiatives after ADB President Masatsugu Asakawa met with him on Monday, June 13. (Screenshot from Facebook live) “The Philippines is a key partner for ADB. We have...
More diplomats are scheduled to pay courtesy visits on President-elect Ferdinand “Bongbong” Marcos Jr. on Monday, June 13. President-elect Bongbong Marcos (BBM Media Bureau) Among those who are scheduled to visit Marcos, Jr. are Ambassador Marat Pavlov of Russia, Ambassador Hmed Shehabeldin...
The Asian Development Bank (ADB) has approved up to $4.3 billion loan to help finance the construction of nearly 55 kilometers of modern suburban railway line connecting Metro Manila with the city of Calamba in Laguna. In a statement, the Manila-based multilateral institution said on Thursday, June...
The Covid-19 crisis has exacerbated the tourism industry’s pre-pandemic structural challenges, the latest report by the Asian Development Bank (ADB) revealed on Friday, May 13. In an ADB report entitled “Supporting Post Covid-19 Economic Recovery in Southeast Asia,” the Manila-based lender...
