Concessional financing extended by the Asian Development Bank (ADB) to the Philippines, its host country, in 2025 ranked second largest among the multilateral lender’s developing member countries (DMCs), reaching $4.25 billion or over ₱256 billion. The Manila-based ADB’s 2025 annual report,...
SANYA, China — As cool as the sea breeze easing the sweltering afternoon heat, jiu-jitsu bet Alexandria Enriquez stamped her class and delivered the first gold for Team Philippines in the 6th Asian Beach Games at the Sanya Bay Yuhai Club on Thursday, April 23 here. The 27-year-old grappler, who...
SANYA, China — Jiu-jitsu bets Annie Ramirez and Yman Xavier Baluyo brimmed with pride and honor as they held the flag for the Philippine delegation in the Parade of Athletes during the dazzling opening ceremony of the 6th Asian Beach Games on Wednesday, April 22 here. While jiu-jitsu is seen as...
Philippine motorcycle sales maintained an upward trajectory in the first quarter, rising 11 percent as expensive petroleum prices and high borrowing costs pushed consumers toward more economical transport alternatives. Data from the Federation of Asian Motorcycle Industries (FAMI) showed that the...
Asian Development Bank (ADB) President Masato Kanda announced on Wednesday, April 22, his intention to seek a full five-year term as head of the Manila-based lender, positioning himself to steer the institution through a period of heightened geopolitical volatility and climate-driven economic...
SANYA, China — It’s only the opening of the 2026 Asian Beach Games at the Tianya Haijiao Ring Theater at the Yasha Park Phase 1 here on Wednesday, April 22, but the Philippine contingent is already looking forward to its turn to host the same event two years from now. Philippine Sports...
Six multilateral development banks (MDBs) have launched a coordinated push to develop critical mineral value chains, seeking to move resource-rich economies beyond raw material exports and into higher-value manufacturing as part of efforts to strengthen supply chain resilience. In an April 17 joint...
The main bulk of the 101-strong Team Philippines flies to China (Monday, April 20, two days ahead of the opening ceremony for the 6th Asian Beach Games that are returning after a 10-year hiatus on the popular resort island city of Sanya. But anticipation on the opening ceremony at the Yasha Park...
Multilateral development banks (MDBs) are stepping up coordination to cushion economies from the spillover effects of the Middle East conflict, citing rising energy costs, supply chain disruptions, and tighter financial conditions as immediate risks to growth and stability. In an April 17 joint...
BEIJING, China — China is projected to surpass the United States (US) as the world’s largest economy as early as 2030, insulated from Middle East volatility and American protectionism by long-term strategic planning, according to a leading foreign policy expert. Qu Bo, dean of the School of...
The International Monetary Fund (IMF), the World Bank (WB), and the Asian Development Bank (ADB) have, one after another, downgraded the country’s growth projections. This is largely due to the devastating effects of the ongoing Middle East conflict. These multilateral financial institutions...
Money sent home by overseas Filipinos (OFs) fell to $2.79 billion in February, marking the lowest level in nine months, just before Middle East tensions erupted, which could further reduce remittances. Remittance inflows, which dipped to their lowest since May 2025 at $2.66 billion, reflect a...
