President Duterte’s chief economic manager suggested that the next administration should continue in subsidizing people’s subsequent booster doses of the coronavirus vaccine to ensure the country’s economic recovery. With more COVID-19 booster shots on the horizon, Finance Secretary Carlos G....
The value of all ongoing foreign-assisted projects of the government increased by almost half last year after President Duterte augmented the country’s coronavirus response, the National Economic and Development Authority (NEDA) reported. In a statement, Socioeconomic Planning Secretary Karl...
The Asian Development Bank (ADB) maintained the economic growth forecasts for the Philippines driven by the government’s infrastructure projects, renewed consumer spending and vaccination program. ADB Logo In the September update of the ADB’s flagship economic publication, the Manila-based...
The construction of the North-South Commuter Railway (NSCR) Extension, the Philippines’ first airport-bound highspeed railway, will create 10,000 jobs and cut down travel time between Metro Manila and Clark to only about an hour, Japanese Ambassador to Manila Koshikawa Kazuhiko said over the...
Asian Development Bank (ADB) President Masatsugu Asakawa was reelected for a new five-year term in office at the helm of the Manila-based multilateral institution. In a statement, ADB said Tuesday, Aug. 31, that Asakawa, 63, received unanimous support from the bank’s board of governors for a...
The Asian Development Bank (ADB) will help local governments in improving their capacity to provide high-quality public services, especially during the coronavirus disease (COVID-19) pandemic. ADB HQ In a statement, the Manila-based multilateral institution said Friday, Aug.27, that it has approved...
Strengthening the agricultural sector, a robust disaster management plan and continuous skills training for farmworkers are just some of the key strategies in ensuring food security in the Philippines amid the COVID-19 pandemic, Asian Development Bank (ADB) Country Director Kelly Bird said Tuesday....
The Asian Development Bank (ADB) will provide a fresh funding support to the Philippine government that aims to help young Filipinos find quality jobs after the pandemic. In a statement, the Manila-based multilateral institution said that the ADB approved a $400 million policy-based loan to support...
The Asian Development Bank (ADB) is preparing its funding support for the P345-billion Philippine National Railways’ (PNR) Calamba project. In a statement, the Manila-based multilateral financial institution said that funding for the 40.5 kilometer viaduct structures of PNR Calamba, also called...
The Asian Development Bank (ADB) maintained its growth forecasts for the Philippines despite the resurgence of coronavirus infections in Southeast Asia that also posed a threat in the local economy. ADB HQ In its Asian Development Outlook Supplement released Tuesday, July 20, the ADB said it is...
The Asian Development Bank (ADB) has launched a guide that aims to help developing countries tap into global debt markets to support a green, resilient, and inclusive recovery from the pandemic and meet the sustainable development goals (SDGs). On Friday, July 2, the Manila-based multilateral...
Amid the prevalence of the COVID-19 pandemic, the Philippines is facing another looming concern on piling medical and plastic waste. In a statement, waste management firm Metro Clark Waste Management (MCWM) has called for improved waste management amid the country’s growing garbage problem. A...
