Micro, small and medium enterprises (MSMEs) continue to expand in fast-growing Philippines, getting a boost from booming electronic commerce, according to the Asian Development Bank (ADB). However, MSMEs in the country remain hampered by limited access to financing, partly as banks avoid bad loans...
ILOILO CITY – The river park project here was one of the winners of the 2024 Asian Townscape Awards (ATA). The Iloilo Esplanade was cited as one of the leading models for urban landscape construction in Asia during an awarding ceremony in Fukuoka, Japan on Monday, Nov. 18. THE Iloilo...
Homegrown non-bank Asialink Finance Corp. (AFC) has secured a total of at least $200 million (over P11.7 billion) in loans from two multilateral lenders to support its small business lending in the Philippines. Minutes of an Oct. 9 meeting of the Washington-based International Finance Corp. (IFC)...
Regional growth across the 21 member economies of the Asia-Pacific Economic Cooperation (APEC) would slow down next year and beyond amid intensified global challenges. Citing its latest APEC Regional Trends Analysis report published this month, the non-binding group whose top leaders are currently...
Like with the Philippines, countries that are firm in upholding the rule of law in the South China Sea are also working with other members of the Association of Southeast Asian Nations (ASEAN) so they will not lose their voice in terms of calling out aggressive actions in the waters and yield to...
Manila-based Asian Development Bank (ADB) has approved nearly P100 billion ($1.7 billion) to fund a 37.5-kilometer climate-resilient expressway in the Philippines that aims to boost regional connectivity and economic competitiveness. The ADB will support the Laguna Lakeshore Road Network Project...
President Marcos has expressed his gratitude to member countries of the Association of Southeast Asian Nations (ASEAN) that helped the Philippines during the calamities, particularly in the response to Severe Tropical Storm Kristine. President Ferdinand ‘Bongbong’ Marcos Jr. (RTVM screenshot)...
DND Sec. Gilberto Teodoro Jr. speaks at the 6th Katipunan Conference hosted by the Ateneo School of Government on Nov. 5, 2024. (Courtesy of Ateneo School of Government livestream) The Association of Southeast Asian Nations (ASEAN) is not yet ready to form a security alliance patterned after the...
Education Secretary Juan Edgardo "Sonny" M. Angara is eyeing to tap additional concessional financing through cheap loans and grants extended by the Philippines' development partners as well as tycoons' deep pockets, to fund more classroom construction while addressing learning loss among Filipino...
More motorcycles were added to Philippine roads as sales swelled to over 1.2 million units as of end-September this year, the latest Federation of Asian Motorcycle Industries (FAMI) report showed. FAMI's updated database this week showed that the five member-companies of the Motorcycle Development...
By DERCO ROSAL With nine out of every 10 Filipinos feeling the harsh impacts of climate change, the Asian Development Bank (ADB) will support drought and flood preparedness in the Philippines and other member countries to mitigate the impact on lives and livelihood. Over the next six years, the...
By DERCO ROSAL Climate change could reduce gross domestic product (GDP) in Asian developing countries, including the Philippines, by 17 percent for the next nearly 50 years, the Asian Development Bank (ADB) reported. Based on ADB’s Asia-Pacific Climate Report, this economic...
