Despite external risks, the Philippines’ recovery is expected to gain traction this year as pandemic restrictions eased, allowing for more economic activities, the Asian Development Bank (ADB) said. In the Asian Development Outlook 2022 report released on Wednesday, April 6, the Manila-based...
Construction of the three bridges funded by the the Asian Development Bank (ADB) will commence this second quarter or within the last three months of the Duterte administration, the Department of Finance (DOF) said. In a statement, Finance Secretary Carlos G. Dominguez III said the $175.1-million,...
The Asian Development Bank (ADB) has flagged the Social Security System’s (SSS) “limited coverage” of unemployment benefit. Based on ADB’s report released on Wednesdays, March 16, the Manila-based multilateral institution said it is critically important for the SSS to have a well-funded UI...
The Asian Development Bank (ADB) will provide support to Filipino families affected by Typhoon Odette in Visayas and Mindanao. In a statement, the Manila-based multilateral institution said on Wednesday, Feb. 9, that it has approved a $2-million grant to support the emergency response to the...
The Asian Development Bank (ADB) announced on Wednesday, Jan. 26, that it will use blockchain technology to make cross-border securities transactions in Asia and the Pacific more efficient and secure. In a statement, the Manila-based multilateral institution said the ADB is working with leading...
The country’s next president, who will be chosen this coming May in the national and local polls, will inherit a lot of good things from the Duterte administration. President Rodrigo Duterte (Malacañang photo) Thus, said Cabinet Secretary and Acting Presidential Spokesperson Karlo Nograles in a...
Asian Development Bank (ADB) has extended P100-million grant, approximately $2 million, to bankroll the Philippine Competitive and Inclusive Agriculture Development Program (CIADP2) to be implemented by the Department of Agriculture (DA). The CIADP2 aims to reduce income inequality by expanding...
Malacañang has trumpeted the indicators of the Philippines' strong economic performance amid its recent successes against the coronavirus disease (COVID-19). (Shivendu Shukla/ Unsplash) In a recent virtual press conference, Cabinet Secretary and Acting Presidential Spokesperson Karlo Nograles...
The Asian Development Bank (ADB) announced another loan to the Philippine government, but this time the financing will fund the construction of bridges over the Marikina River to improve road traffic flow in Metro Manila. In a statement, the Manila-based multilateral institution said on Wednesday,...
The Manila-based Asian Development Bank (ADB) has raised its economic growth outlook for the Philippines due to improving coronavirus (COVID-19) situation and the acceleration in the government’s inoculation program. Based on the supplement to the Asian Development Outlook (ADO) 2021 on Tuesday,...
The Duterte administration has tapped the Asian Development Bank (ADB) for a fresh $250 million loan to help the Philippines in securing additional coronavirus disease (COVID-19) vaccine supply. The Manila-based multilateral institution said on Monday, Dec. 13, that it has approved the new loan to...
The Sy-led BDO Capital & Investment Corporation is opening its doors to financing scheme that will align its project funding portfolio with the proposed energy transition mechanism (ETM) towards the phaseout of coal-fired power plants in the country within a specified timeframe. In an Energy...
