In the quest to materialize the great regional grid interlink across the Association of Southeast Asian Nations (ASEAN), the Manila-based Asian Development Bank (ADB) is projecting around $16 billion (approximately ₱890 billion) worth of investments to pursue the development of key...
In a continuing push to improve the power situation in off-grid communities, the Department of Energy (DOE) and the Asian Development Bank (ADB) are collaborating on a program to upgrade the off-grid systems of the National Power Corp. (NPC). During the Asian Clean Energy Forum (ACEF), Energy...
The Philippines will receive a $400-million, or about ₱23.4-billion, loan from the Asian Development Bank (ADB) to restore marine ecosystems and strengthen its blue economy, as part of the lender’s $24-billion support package for Southeast Asia through 2028. ADB President Masato Kanda announced...
The Manila-based multilateral lender Asian Development Bank (ADB) is urging its host country to ramp up nationwide mobile internet access to boost Filipino households ' wealth. "Our findings show that mobile internet access has a significant and positive impact on household wealth,...
The uncertainties facing Asia and the Pacific are also an opportunity to build a more resilient and sustainable future, Asian Development Bank (ADB) President Masato Kanda said at the opening session of the multilateral lender’s 58th annual meeting of its board of governors in Milan, Italy....
The Manila-based multilateral lender Asian Development Bank (ADB) on Sunday, May 4, announced plans to expand its support for long-term food and nutrition security in Asia and the Pacific by $26 billion, raising its total commitment for food security initiatives to $40 billion for the period 2022...
The Philippines and many of its Southeast Asian neighbors have been sluggish in tapping renewable energy (RE), according to the Manila-based multilateral lender Asian Development Bank (ADB). "In 2022, renewables—as a share of new power generation capacity installed—exceeded 75 percent in nine...
The Philippines received the second-biggest amount of loans and grants from the Manila-based Asian Development Bank (ADB) and its co-financing partners last year, mainly to bankroll big-ticket infrastructure projects. The ADB's Annual Report 2024, published on Thursday, April 24, showed that...
The Philippines has secured the final $1.45-billion (about ₱82-billion) funding from the Asian Development Bank (ADB) for the Malolos-Clark railway project (MCRP), one of the multilateral lender’s largest infrastructure investments in Asia-Pacific (APAC). According to the ADB’s statement...
Private-sector investors, especially foreigners, have grown hesitant to enter public-private partnership (PPP) projects in the Philippines due to political interference in contract pricing and delays in government compensation to private partners, according to the Asian Development Bank...
The Bangko Sentral ng Pilipinas (BSP) is expected to finally push through with its much-awaited reduction in key interest rates to protect the economy from the likelihood of a wider negative outlook gap, no thanks to United States (US) President Donald Trump's reciprocal tariffs. In an April 4...
While the Philippines is poised to sustain robust economic growth despite the threat posed by United States (US) President Donald Trump's tariffs, the Asian Development Bank (ADB) is urging the government to fast-track the implementation of big-ticket infrastructure projects to stimulate domestic...
