The Governance Commission for Government Owned or Controlled Corporations (GCG) has collaborated with the Asian Development Bank (ADB) to strengthen its supervision of sovereign wealth funds (SWF). In a statement, Marius P. Corpus, GCG chairperson, said the capacity-building activity offered them...
The Marcos administration has secured the initial funding required to construct the Bataan-Cavite Interlink Bridge (BCIB), which, upon completion, will rank as one of the longest marine bridges globally. After the signing of a $2.11 billion loan from the Asian Development Bank (ADB), Finance...
The Asian Development Bank (ADB), as transaction advisor on the Ninoy Aquino International Airport Public-Private partnership (NAIA PPP) Project, is recommending the extension of bid submission deadline by one month, to Jan. 29 2024. In a document, ADB said the extension up to Jan. 29, 2024...
The Department of Transportation (DOTr) is eyeing to seek assistance from Japan or two other international financial institutions to bankroll three major railways project in Luzon and Mindanao. DOTr Secretary Jaime Bautista said Japan, through its Japan International Cooperation Agency...
The Bureau of Internal Revenue (BIR) is set to undergo a significant modernization of its tax administration processes, courtesy of a $400 million loan from the Asian Development Bank (ADB). The digitalization program, a focal point of this initiative, received praise in a press statement...
Department of Transportation Secretary Jaime Bautista (Courtesy of DOTr) The Department of Transportation (DOTr) sought the help of multilateral lender Asian Development Bank (ADB) in funding the government's additional infrastructure programs. DOTr Sec. Jaime Bautista said the transport agency...
The Securities and Exchange Commission (SEC) is collaborating with international organizations to beef up its enforcement capabilities in pursuit of its mandate to protect the public from securities fraud and other forms of investment scams. SEC Philippines, in partnership with the US SEC and...
President Ferdinand "Bongbong" Marcos Jr. (Noel Pabalate) House Speaker Martin Romualdez has hailed President Ferdinand "Bongbong" Marcos Jr. for "charting the right course and we are steadily sailing towards a brighter future for all Filipinos". This, after the Asian Development Bank (ADB) bared...
President Ferdinand "Bongbong" Marcos Jr. is optimistic that the government will be able to sustain the newly-launched food stamp program which will run until 2027 or for "as long as we need it." President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of PPA Pool) Marcos led the kick-off activity...
Malacañang bared that the Asian Development Bank (ADB) will grant the Philippines up to $4 billion to support the country’s socio-economic agenda and other infrastructure development programs for 2023 alone. President Ferdinand 'Bongbong' Marcos Jr. and Asian Development Bank President Masatsugu...
The proposed national food stamp program has received close to $3 million from the Asian Development Bank (ADB) for the program's six-month pilot implementation, a Cabinet member said. Department of Social Welfare and Development (DSWD) Secretary Rex Gatchalian (Photo courtesy of PCO) "[T]he ADB was...
The Department of Social Welfare and Development’s (DSWD) food stamp program aims to provide for at least 300,000 families on its first run scheduled in early 2024, DSWD Secretary Rex Gatchalian said on Tuesday, May 23. (Photo from the Presidential Communications Office) He gave details about the...
