Listed firm Aboitiz Power Corporation will be tapping green bonds as well as the clean energy-leaning loan facilities of the Asian Development Bank (ADB) and International Finance Corporation (IFC) to bankroll its expansion projects – primarily targeted renewable energy (RE) installations. “We...
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 secured additional pledges to fund low-carbon and climate-resilient infrastructure projects for the Association of Southeast Asian Nations (ASEAN). In a statement, the Manila-based multilateral institution said late Tuesday, Nov. 2, that four partners have...
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...
Real property valuations of local government units (LGUs) are not increasing fast enough to keep up with the market values of land in the country, the Asian Development Bank (ADB) said. During the virtual Bureau of Local Government Finance (BLGF) webinar Thursday, Oct. 21, Jose Antonio Tan III, ADB...
President Duterte’s chief economic manager suggested that the next administration should continue in subsidizing people’s subsequent booster doses of the coronavirus vaccine to ensure the country’s economic recovery. With more COVID-19 booster shots on the horizon, Finance Secretary Carlos G....
The value of all ongoing foreign-assisted projects of the government increased by almost half last year after President Duterte augmented the country’s coronavirus response, the National Economic and Development Authority (NEDA) reported. In a statement, Socioeconomic Planning Secretary Karl...
The Asian Development Bank (ADB) maintained the economic growth forecasts for the Philippines driven by the government’s infrastructure projects, renewed consumer spending and vaccination program. ADB Logo In the September update of the ADB’s flagship economic publication, the Manila-based...
As scientists of the Intergovernmental Panel on Climate Change (IPCC) have raised ‘code red for humanity’ alarm on the planet’s global warming dilemma, international civil society groups have been nudging the Asian Development Bank (ADB) to align its “New Energy Policy” with the goals of...
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) will help local governments in improving their capacity to provide high-quality public services, especially during the coronavirus disease (COVID-19) pandemic. ADB HQ In a statement, the Manila-based multilateral institution said Friday, Aug.27, that it has approved...
