The Asian Development Bank's (ADB) newest loan to its host country, the Philippines, which will finance reforms in managing public funds, is scheduled to be repaid until 2039. Documents showed that the loan agreement for the $500-million Public Financial Management (PFM) Reform Program (Subprogram...
Jhodie Peralta gave the Philippines another gold medal after ruling her division in the Asian Youth and Junior Weightlifting Championships in Doha, Qatar on Saturday, Dec. 21. Peralta, who just turned 15 last month, dominated the women’s youth 55 kilogram class after registering a total lift of...
Aldrin Colonia gave the country its first gold medal after topping his weight division in the 2024 Asian Youth and Junior Weightlifting Championships in Doha, Qatar on Friday, Dec. 20. Photo from Asian Weightlifting Federation The 17-year-old Colonia ruled the youth men’s -49kg class with a total...
The Philippines will repay the Asian Development Bank (ADB) until 2039 for the new $500-million policy-based loan it secured to intensify climate change adaptation and mitigation efforts. Documents showed that Department of Finance (DOF) Secretary Ralph G. Recto, on behalf the Philippine...
Due to project implementation delays, the Philippines is seeking the extension of two loans obtained by the previous Duterte administration from the Asian Development Bank (ADB) and the World Bank. Documents showed that the Department of Finance (DOF), on behalf of the Philippine government, asked...
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...
Bicol Saro Party-list Rep. Brian Yamsuan (Facebook) Bicol Saro Party-list Rep. Brian Raymund Yamsuan has emphasized the need to reevaluate agricultural practices among member states of the Association of Southeast Asian Nations (ASEAN) amid threats...
The Asian Development Bank (ADB) has approved a $30 million loan to support the government’s public-private partnership (PPP) projects, aiming to bolster infrastructure development, advance climate action, and enhance economic competitiveness. In a statement on Friday, Dec. 13, the Manila-based...
Filipino women could find relief from the burden of unpaid care work as the Manila-based Asian Development Bank (ADB) has approved a $900,000 technical assistance project to advance quality and affordable childcare across Asia and the Pacific. The project, "Promoting Sustainable Investments in...
The Asian Development Bank (ADB) has lowered its inflation forecast for the Philippines due to moderating price pressures, particularly in food and core inflation. In its latest Asian Development Outlook (ADO) report, the Manila-based multilateral institution revised its inflation forecast for the...
With the local stock market at bargain levels, Sy-led property developer SM Prime Holdings Inc. and tycoon Eusebio H. Tanco’s Asian Terminal Inc. (ATI) have decided to buy back their shares worth a total of P12 billion. In a disclosure to the Philippine Stock Exchange (PSE), SM Prime said its...
Ernest Escaler and Josie Natori The First Lady Liza Araneta Marcos with one of this year's donors Chole Cuenca Chua It takes only one person to achieve greatness, but it takes more than a village, maybe a whole country or a whole continent, to honor that greatness, even much more to...
