President Ferdinand "Bongbong" Marcos Jr. expressed hopes that the Asian Development Bank (ADB) would continue to support the Philippines in realizing its high-impact projects. President Ferdinand 'Bongbong' Marcos Jr. and Asian Development Bank President Masatsugu Asakawa (Noel B. Pabalate)...
Less than two weeks before President Rodrigo Duterte’s term ends, the government sealed the Asian Development Bank’s (ADB) biggest infrastructure loan package that would connect Metro Manila and Calamba in Laguna through a railway system. At a signing ceremony witnessed by President Duterte...
The Philippines and Indonesia have formed a new partnership establishing an Energy Transition Mechanism (ETM), the first of its kind in Asia and the Pacific, the Asian Development Bank (ADB) said. At the COP26 in Glasgow, ADB President Masatsugu Asakawa, Indonesian Finance Minister Sri Mulyani...
The Asian Development Bank (ADB) has reaffirmed its support for a rapid economic recovery, infrastructure development, and regional cooperation. At the 14th Brunei Darussalam–Indonesia–Malaysia–Philippines East ASEAN Growth Area (BIMP–EAGA) Leaders’ Summit on Thursday, Oct. 28, Masatsugu...
The Asian Development Bank (ADB) has approved a new energy policy that will support universal access to reliable and affordable energy services, while promoting the low-carbon transition in Asia and the Pacific. In a statement, ADB President Masatsugu Asakawa noted that energy is central to...
Asian Development Bank (ADB) President Masatsugu Asakawa was reelected for a new five-year term in office at the helm of the Manila-based multilateral institution. In a statement, ADB said Tuesday, Aug. 31, that Asakawa, 63, received unanimous support from the bank’s board of governors for a...
The Asian Development Bank (ADB) downgraded its growth forecast for the Philippines as the nation struggled in containing the coronavirus outbreak that hampered economic recovery. Based on ADB’s Asian Development Outlook update, the Manila-based multilateral institution has projected that the...
The Asian Development Bank (ADB) said it is establishing a regional hub to promote knowledge sharing and strengthen cooperation on tax policy and tax administration among the Asia and the Pacific economies and their development partners. Masatsugu Asakawa, ADB...
