The Green Climate Fund (GCF) has created a financing window to help Southeast Asia shape a climate-resilient, environmentally sustainable economic recovery from the coronavirus disease (COVID-19) pandemic. In a statement, the Asian Development Bank (ADB) said on Monday, March 22, that GCF has...
The anticipated commercial launch of DITO Telecommunity this year is not expected to close the digital gap between rich and poor cities in the Philippines, after the company confirmed in a Senate hearing it would be unable to immediately cover underserved areas with their telco services. ...
The Department of Finance (DOF) said it will tap loan financing from multilateral lenders to ensure that the government has more than enough vaccine doses to inoculate adult Filipinos against the coronavirus. Finance Secretary Carlos G. Dominguez III said they are targeting about $1.3 billion loan...
The Asian Development Bank (ADB) is preparing additional funding support for the government’s purchase of coronavirus vaccines following the initial loan allotment for this year. In a statement, the Manila-based multilateral financial institution said a follow-on support is being considered by...
The study undertaken by the Asian Development Bank (ADB) on the proposed mode of privatization for the 150-megawatt Casecnan and 728MW Caliraya-Botocan-Kalayaan (CBK) hydropower plants will be out by the end of this month, according to state-run Power Sector Assets and Liabilities Management...
The country's information technology-business process outsourcing (IT-BPO) and manufacturing industries will shed about a quarter of jobs due to digital transformation, a latest study by the Asian Development Bank (ADB) revealed. Based on the ADB’s study “Reaping the Benefits of Industry...
The Department of Finance (DOF) assured that the government has sufficiently funds to procure enough doses of COVID-19 vaccines from various sources in line with its target to inoculate around half of the population. In a statement, Finance Secretary Carlos Dominguez III said...
Debt service burden down 8% The Philippines will continue to have a strong debt sustainability position and will remain comfortably way below what the Bangko Sentral ng Pilipinas (BSP) considers a danger threshold even as the country borrow more from foreign sources to fund COVID-19 vaccine...
The Asian Development Bank’s (ADB) has earmarked $9.4 billion in sovereign lending to the Philippines for the next three-years to help the government revitalize the economy amid the coronavirus disease pandemic. In a statement, the Manila-based multilateral institution, said that at least...
The Asian Development Bank (ADB) approved a fresh loan to the Philippines to help build elevated pathways in four areas along the Epifanio de los Santos Avenue, commonly known as EDSA. Design image of the elevated walkways on EDSA to be constructed with financing from a new ADB loan In a statement,...
To fight COVID-19 The Asian Development Bank (ADB) has launched a loan program that will support developing countries in procuring and delivering effective and safe coronavirus disease (COVID-19) vaccines. Masatsugu Asakawa, ADB president (Photo credit: https://www.adb.org) In a statement,...
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...
