President Marcos has expressed his gratitude to the Asian Development Bank (ADB) for its "vote of confidence" for the Philippines' progress as it commits $12 billion to bolster support and address key constraints in the country over the next six years. FOR THE FUTURE — President Ferdinand...
The Philippine Ports Authority (PPA) has committed the repurposing of at least three initial ports that will support the development of billion dollars-worth of offshore wind projects that the Marcos administration has been pushing for completion by 2028, according to the Department of Energy....
The Department of Finance (DOF) vowed to tackle systemic issues impacting the implementation of projects funded by the Asian Development Bank (ADB). This was after the ADB’s 2024 Philippine Portfolio Review evaluated the performance of the Department of Public Works and Highways (DPWH) and...
The Philippines is set to secure a $500 million loan from the Asian Development Bank (ADB) to support its climate action initiatives, the Department of Finance (DOF) announced. During a meeting with Finance Secretary Ralph G. Recto, ADB President Asakawa stated that they are finalizing the approval...
The Philippine government, through a proposal from the Department of Energy (DoE), will be seeking P10 billion worth of funding to bankroll energy efficiency initiatives being mandated for state-run entities. In an interview with reporters, Energy Undersecretary Felix William B. Fuentebella...
The Asian Development Bank (ADB) will provide technical advisory services for the P8.5 billion premium wholesale market to be built in the Clark civil aviation complex. This comes after the ADB and the Public-Private Partnership (PPP) Center signed an agreement with Clark International Airport...
By Myrna M. Velasco Investors on pipelined offshore wind developments in the country are amenable to a P10 to P16 per kilowatt hour (kWh) prospective reserve price for contracted capacity on their projects once the green energy auction (GEA) for the technology will be carried out by the Department...
ACEN Corporation of the Ayala group and multilateral lending firm Asian Development Bank (ADB) have solidified their partnership in the “green power revolution” sphere, as the latter has switched on its renewable energy (RE) supply sourcing to the Ayala firm. The bank will procure 100 percent...
The Asian Development Bank (ADB) and the Government of Canada have announced a partnership to establish a new $255 million trust fund. The fund, known as the Canadian Climate and Nature Fund for Private Sector in Asia (CANPA), aims to support private-sector projects in Asia and the Pacific that...
The creation of digital Philippine Public Financial Management (PFM) reforms will enable more efficiency and effective government services for Filipinos, Department of Finance Secretary Ralph G. Recto said. The remark was made after a meeting on Monday with PFM Committee Principals Recto and...
The Department of Finance (DOF) has warned that the government’s slow implementation of digitalization amid the rapid growth of e-commerce could result in significant revenue loss. In a statement, the DOF said that Finance Secretary Ralph G. Recto is now seeking additional funding from the...
Photo from Unsplash The Civil Service Commission (CSC) has received a pledge from the Asian Development Bank (ADB) to provide technical assistance to the Commission's digital transformation (DX) program. CSC Chairperson Karlo Nograles and Commissioner Aileen Lourdes Lizada led the kick-off meeting...
