The Asian Development Bank (ADB) raised this year’s growth forecast for the Philippines on stronger-than-expected domestic demand, but it expects the expansion to move at a much slower pace next year due to financial tightening and global headwinds. Based on the latest supplement to the Asian...
Asian Development Bank (ADB) expects the Philippine economy to grow at a much faster pace this year despite accelerating consumer prices. In the Asian Development Outlook 2022 Supplement report released on Thursday, July 21, the Manila-based multilateral institution raised its gross domestic...
The Department of Public Works and Highways (DPWH) has started discussing projects with the Asian Development Bank (ADB) for the country to have a sustainable infrastructure development program that would eventually help in the economic recovery from struggles in the COVID-19 pandemic. DPWH Acting...
The Asian Development Bank (ADB) maintained the economic growth forecasts for the Philippines driven by the government’s infrastructure projects, renewed consumer spending and vaccination program. ADB Logo In the September update of the ADB’s flagship economic publication, the Manila-based...
Strengthening the agricultural sector, a robust disaster management plan and continuous skills training for farmworkers are just some of the key strategies in ensuring food security in the Philippines amid the COVID-19 pandemic, Asian Development Bank (ADB) Country Director Kelly Bird said Tuesday....