The P51 billion Philippine National Railways (PNR) Clark Phase 2 project has now reached 28.79 percent overall progress rate, the Department of Transportation (DOTr) announced. 7952 The 54-kilometer rail line stretches across Malolos, Bulacan to Clark, Pampanga and is expected to reduce travel time...
Amid the prevalence of the COVID-19 pandemic, the Philippines is facing another looming concern on piling medical and plastic waste. In a statement, waste management firm Metro Clark Waste Management (MCWM) has called for improved waste management amid the country’s growing garbage problem. A...
Finance Secretary Carlos G. Dominguez III called for the just and equitable distribution of coronavirus vaccines to ensure the access of lower-income and developing countries to life-saving medical interventions amid the prolonged pandemic. At the recent 54th Annual Meeting of the Asian...
Clean energy group Center for Energy, Ecology, and Development (CEED) hailed on Friday, May 7 the apparent decision of the Asian Development Bank (ADB) to move away from coal, which has long been regarded as a dirty energy source. (Photo by Wander Fleur / Unsplash) "Today, the Asian Development...
The Asian Development Bank (ADB) is urged to substantially expand its loan portfolio in the next five years to support the swift recovery of its developing member-countries from the global economic shock of the pandemic. During the ADB Governors’ Seminar, Finance Secretary Carlos G. Dominguez III...
A “huge gap” between demand and supply of vaccines is threatening the rebound across developing Asia, according to Asian Development Bank President Masatsugu Asakawa. “We need to invest more in vaccine manufacturing companies in the region to expand the production function,” Asakawa said in...
The Department of Budget and Management (DBM) assured that it will implement next year the Supreme Court ruling transferring more funds to local government units (LGUs), which the Asian Development (ADB) warned could disrupt public spending. Budget Secretary Wendel E. Avisado said they already...
The Asian Development Bank has raised its growth forecast for developing Asia this year on the rollout of Covid-19 vaccines and the strength of global export demand, but warned that resurgent virus outbreaks threatened the recovery. China and India are expected to lead the rebound across the vast...
The Asian Development Bank (ADB) has substantially slashed its economic growth forecast for the Philippines due to “considerable uncertainty” over the coronavirus pandemic. In the latest Asian Development Outlook 2021 released on Wednesday, April 28, the Manila-based multilateral institution...
The recovery of the Philippines from the pandemic hinges on the pace of coronavirus vaccinations as efforts to reopen the economy have been undermined by the surge in new infections, the Asian Development Bank (ADB) said. Kelly Bird, ADB country director for the Philippines said on Wednesday, April...
The trilateral cooperation in support of the Philippines’ COVID-19 vaccination program is a testament of the closer coordination among the World Bank, Asian Development Bank (ADB) and the Asian Infrastructure Investment Bank (AIIB). Ahmed Saeed, ADB vice president said the...
The Technical Education and Skills Development Authority (TESDA) needs to adopt nontraditional, innovative, and flexible approaches as school disruptions and closures due to the pandemic continue, an Asian Development Bank’s (ADB) study revealed, Based on the “Technical and Vocation Education...
