Ayala-led ACEN Corporation has firmed up a deal with the Asian Development Bank (ADB) and Bank of the Philippine Islands (BPI) to raise P11 billion worth of sustainability-linked term loan facility that will partly bankroll the company’s solar projects. The loan, according to ACEN, will carry...
The Department of Energy (DOE) will submit to the Asian Development Bank (ADB) within this month the 10th candidate-port that must be covered in the pre-feasibility study aimed at repurposing these support facilities to service the needs of the flourishing billion-dollar offshore wind industry in...
DUBAI, UAE – Multilateral lending firm Asian Development Bank (ADB) sees biggest potential for carbon emissions reduction with the energy transition mechanism (ETM) being pushed for the retirement or repurposing of coal plants all over the world. “Coal-fired power plants produce more global...
The Asian Development Bank (ADB), as transaction advisor on the Ninoy Aquino International Airport Public-Private partnership (NAIA PPP) Project, is recommending the extension of bid submission deadline by one month, to Jan. 29 2024. In a document, ADB said the extension up to Jan. 29, 2024...
The Bureau of Internal Revenue (BIR) is set to undergo a significant modernization of its tax administration processes, courtesy of a $400 million loan from the Asian Development Bank (ADB). The digitalization program, a focal point of this initiative, received praise in a press statement...
CONGRATULATIONS, TÜRKIYE! Ambassador Niyazi Evren Akyol of the Republic of Túrikye, Vice President Sarah Duterte, and Rev. Charles Brown, dean of the diplomatic corps Last week, the nation of Türkiye celebrated its 100th National Day at the Peninsula Manila’s Rigodon Ballroom with Philippine...
The Securities and Exchange Commission (SEC) is collaborating with international organizations to beef up its enforcement capabilities in pursuit of its mandate to protect the public from securities fraud and other forms of investment scams. SEC Philippines, in partnership with the US SEC and...
President Ferdinand "Bongbong" Marcos Jr. (Noel Pabalate) House Speaker Martin Romualdez has hailed President Ferdinand "Bongbong" Marcos Jr. for "charting the right course and we are steadily sailing towards a brighter future for all Filipinos". This, after the Asian Development Bank (ADB) bared...
President Ferdinand "Bongbong" Marcos Jr. is optimistic that the government will be able to sustain the newly-launched food stamp program which will run until 2027 or for "as long as we need it." President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of PPA Pool) Marcos led the kick-off activity...
Malacañang bared that the Asian Development Bank (ADB) will grant the Philippines up to $4 billion to support the country’s socio-economic agenda and other infrastructure development programs for 2023 alone. President Ferdinand 'Bongbong' Marcos Jr. and Asian Development Bank President Masatsugu...
The proposed national food stamp program has received close to $3 million from the Asian Development Bank (ADB) for the program's six-month pilot implementation, a Cabinet member said. Department of Social Welfare and Development (DSWD) Secretary Rex Gatchalian (Photo courtesy of PCO) "[T]he ADB was...
Emphasizing that the Philippines is one of the countries that are most vulnerable to climate change, President Ferdinand "Bongbong" Marcos Jr. said the country will incorporate climate resilience and disaster proofing in all societal and infrastructural projects. President Ferdinand 'Bongbong'...
