Manila-based Asian Development Bank (ADB) has secured a $115 million (over P6.676 billion) financing deal with homegrown non-bank Asialink Finance Corp. (AFC) to boost the latter’s working capital and support small businesses, particularly those owned by women. ADB Director General for Private...
Manila-based Asian Development Bank (ADB) has approved a $14.8 million (P856.8 million) technical assistance grant to boost climate action, drive innovation, and enhance private sector growth in its regional projects. ADB, in its Dec. 5 statement, said the assistance will support initiatives in...
The Bangko Sentral ng Pilipinas (BSP) highlighted the Philippines’ potential as an investment destination for Islamic finance, citing the country's growing economy and the government’s push for financial inclusion. In a statement on Monday, Dec. 2, BSP Governor Eli M. Remolona, Jr. said that...
Despite the Philippine government's ambitious commitment to mitigate and adapt to climate change, public expenditures to do so have been lacking, according to the Asian Development Bank (ADB). "Climate finance remains insufficient to combat the increasing impacts of climate change. An estimated...
The Asian Development Bank (ADB) is pushing to equip local government units (LGUs) in the Philippines with the know-how to roll out more public-private partnership (PPP) projects. "The success of PPP projects largely depends on the capability of implementers. The PPP Center alone will not be able...
The Philippines’ local bond market has posted strong growth in the third quarter of the year, driven by the Bangko Sentral ng Pilipinas’ (BSP) increasingly dovish monetary policy stance and a surge in corporate bond issuance. Based on the Asian Development Bank’s (ADB) latest Asia Bond...
The Asian Development Bank (ADB) has approved a $500 million policy-based loan to further strengthen the Philippines’ efforts to tackle climate change. In a statement, Pavit Ramachandran, ADB Philippines country director, said the Climate Change Action Program (CCAP) Subprogram 2 supports the...
The United States has offered members of the Association of Southeast Asian Nations (ASEAN) its help to bolster their domain awareness to address cases of illegal intrusions and coercion. According to the US Defense Department, securing domain awareness is a foundational aspect of supporting its...
The Philippines will repay to the Asian Development Bank (ADB) the initial loan it secured for the Laguna Lakeshore Road Network (LLRN) until 2052, or 24 years after the project is expected to be passable. Documents showed that Finance Secretary Ralph G. Recto, on behalf of the Philippine...
House Speaker Martin Romualdez (Speaker’s office) House Speaker Martin Romualdez is prodding members of the Association of South East Asian Nations (ASEAN) and other countries to support the Philippines’ stand on issues involving the West...
Defense leaders from the Association of Southeast Asian Nations (ASEAN) hold hands as a symbol of unity and cooperation during the opening of the 18th ASEAN Defense Ministers' Meeting in Vientiane, Laos on Nov. 20, 2024. The Philippine delegation was represented by Defense Undersecretary Ignacio B....
Asia-Pacific economies should keep free trade flowing despite looming challenges to be presented by the return of a protectionist Trump 2.0 administration in the US, according to the top economist of the Asian Development Bank (ADB). “We’re concerned—obviously, it’s probably going to be a...
