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...
The government is eyeing to establish national food stamp program through an Official Development Assistance (ODA) financing of the Asian Development Bank (ADB), President Ferdinand “Bongbong” Marcos Jr. said on Monday, May 22. President Ferdinand Marcos Jr. (Photo from the Presidential...
Emphasizing that the Philippines is one of the countries that are most vulnerable to climate change, President Ferdinand "Bongbong" Marcos Jr. said the country will incorporate climate resilience and disaster proofing in all societal and infrastructural projects. President Ferdinand 'Bongbong'...
President Ferdinand "Bongbong" Marcos Jr. expressed hopes that the Asian Development Bank (ADB) would continue to support the Philippines in realizing its high-impact projects. President Ferdinand 'Bongbong' Marcos Jr. and Asian Development Bank President Masatsugu Asakawa (Noel B. Pabalate)...
Ayala-led ACEN Corporation and its partner-firms have signed financial agreement with Asian Development Bank (ADB) and other lenders for their 600-megawatt Monsoon wind farm project estimated to cost over $1 billion in Sekong and Attapeu provinces in Laos. According to ACEN, ADB is the lead arranger...
Delegates from the Sri Lanka Ministry of Health and Asian Development Bank paid a courtesy visit to Para ñaque Mayor Eric Olivarez and 1 st District Rep. Edwin Olivarez on March 23. The delegates were accompanied by Para ñaque City Health Office (CHO) officer Dr. Olga Virtusio and Dr....
The Asian Development Bank (ADB) has approved a loan that aims to help the government expand economic opportunities in agriculture. In a statement on Friday, Jan. 27, the Manila-based multilateral institution said the bank approved a $500 million policy-based loan to the Philippines that seeks to...
Ayala’s energy listed firm ACEN Corporation and its Vietnamese firm-partner BIM Group secured $107-million project financing from the Asian Development Bank (ADB) and other lenders for the 88-megawatt Ninh Thuan wind farm venture in South Central Vietnam. This greenfield installation, according...
The Asian Development Bank (ADB) raised this year’s growth forecast for the Philippines on stronger-than-expected domestic demand, but it expects the expansion to move at a much slower pace next year due to financial tightening and global headwinds. Based on the latest supplement to the Asian...
Two development partners of the Philippines and a US-based think tank have recommended the establishment of a sovereign wealth fund (SWF), the Department of Budget and Management (DBM) said. Budget Secretary Amenah F. Pangandaman said the Asian Development Bank (ADB), the International Monetary...
The Asian Development Bank (ADB) said it will fund the upgrade and modernize the Philippines’ technical and vocational education and training (TVET) system to make it more responsive to new labor demands. In a statement, the Manila-based multilateral institution said the ADB approved a $100...
