The Philippine government and the Beijing-based Asian Infrastructure Investment Bank (AIIB) are exploring partnerships in digitalization and energy aimed at improving the ease of doing business and accelerating infrastructure development to support economic growth. In a statement on Friday, May 22,...
Razon-led International Container Terminal Services Inc. (ICTSI) has secured a $300-million loan from the Beijing-based Asian Infrastructure Investment Bank (AIIB) to support the expansion and upgrade of three container terminals across the Philippines. In a statement on Wednesday, May 20, ICTSI...
The China-led Asian Infrastructure Investment Bank (AIIB) has greenlit a $300-million loan supporting capital expenditures (capex) for the improvement and expansion of three local ports operated by tycoon Enrique K. Razon Jr. ’s International Container Terminal Services Inc. (ICTSI). The latest...
Despite delays, the Metro Manila flood control project being funded by loans from the Washington-based World Bank Group (WBG) and the China-led Asian Infrastructure Investment Bank (AIIB) has so far benefitted over half a million residents in flood-prone areas. “To date, more than 600,000 people...
The World Bank has cited some inroads in the long-delayed Metro Manila flood control project, which is being partly funded by a loan it approved eight years ago. "The progress is moderately satisfactory with 38 pumping station construction sites and solid waste reduction activities," the...
The Asian Infrastructure Investment Bank (AIIB) led by China has extended to the Philippines two loans totaling $232.18 million (over P13.6 billion) to support the Marcos Jr. administration's ambitious "Build Better More" program. The Beijing-based AIIB disclosed on its website last week that its...
The Asian Development Bank (ADB), Asian Infrastructure Investment Bank (AIIB), and Export Import Bank of Korea (KEXIM) vowed to support the Laguna Lakeshore Road Network (LLRN) project. The ADB has committed $1.2 billion as the initial tranche of funding, while the AIIB is contributing $188...
Nearly three-fourths of the loan for a flood control project in Metro Manila that the World Bank extended to the Philippines seven years ago remained unspent even as this financing is scheduled to end before yearend. A Sept. 30 implementation status and results report seen by Manila Bulletin...
A $100-million financing backed by the China-based Asian Infrastructure Investment Bank (AIIB) is eyeing climate transition investments in the Philippines and other Asia-Pacific countries. In a Sept. 30 statement, the AIIB noted that three-fourths of the total commitment, or $75 million, is for the...
The Department of Finance (DOF) has called upon international financial institutions to bolster their response capabilities and undertake comprehensive reforms amid the global economic recovery. Finance Secretary Benjamin E. Diokno said the combined impact of the pandemic, its aftermath, and the...
To exchange insights and ideas on how the country can navigate a post-pandemic education landscape, education leaders and stakeholders gathered at a conference organized by Teach for the Philippines (TFP) and the Asian Development Bank (ADB). Teach for the Philippines’ local government unit (LGU)...
Finance Secretary Carlos G. Dominguez III said the support extended by multilateral institutions to the clean energy transition projects of developing economies is crucial to encourage the flow of private sector capital into these initiatives. Dominguez said the meticulous planning and vetting done...
