The Asian Development Bank (ADB) has revamped its crisis response toolkit to help developing Asia-Pacific economies respond more quickly to energy supply disruptions and food price shocks stemming from the ongoing Middle East conflict, while strengthening resilience against future crises. In a...
Redeveloping the Pasig River Corridor into a continuous network of parks, esplanades, and other public open spaces could yield ₱6 to ₱8 in economic, environmental, health, as well as social benefits for every ₱1 invested, according to consultants’ reports prepared for the Manila-based Asian...
Multilateral development banks (MDBs), including the Manila-based Asian Development Bank (ADB) and the Washington-based World Bank Group (WBG), increased climate financing to a record $163 billion in 2025, reinforcing their role in supporting resilient and sustainable economies amid mounting...
The Asian Development Bank (ADB) slashed its Philippine economic growth forecast to 3.8 percent this year, which, if realized, would be the country’s slowest post-pandemic expansion amid delayed investments, higher inflation, and risks from climate shocks. In its Asian Development Outlook (ADO)...
The Asian Development Bank (ADB) tightened oversight of its Philippine infrastructure projects following the multibillion-peso flood-control corruption scandal that shook its host country, despite finding no evidence of wrongdoing involving contracts it finances. In its Anticorruption and...
The Asian Development Bank (ADB) has approved an up to $30-million equity investment in a regional infrastructure fund that will bankroll projects, including those in the Philippines, to support energy transition and digital infrastructure in Southeast Asia. Documents showed that the Manila-based...
The Asian Development Bank (ADB) has backed the Philippine government’s updated roadmap to overhaul how public funds are planned, spent, and monitored, saying stronger public financial management (PFM) systems are key to improving public services, strengthening resilience, as well as guarding...
The Marcos administration is seeking up to ₱91 billion ($1.5 billion) in fast-disbursing financial assistance from the Asian Development Bank (ADB) to bolster its response to an ongoing energy crisis, according to the Department of Finance (DOF). Finance Secretary Frederick D. Go told reporters...
SINGAPORE — The Department of Transportation (DOTr) is confident that more private-sector bidders will participate in the Philippines’ upcoming railway public-private partnership (PPP) projects as the government increasingly taps multilateral development banks (MDBs) to provide financing...
Philippine bond yields posted one of the largest increases in emerging East Asia in recent months as the war in the Middle East fueled inflation, prompted tighter monetary policy, and heightened investor concerns over the country’s economic vulnerabilities, according to the Asian Development Bank...
The Asian Development Bank (ADB) is mobilizing $4 billion in financing to help its developing member countries (DMCs) cope with the economic fallout from the ongoing war in the Middle East, with the Philippines among those seeking assistance as higher fuel, food, fertilizer, and freight costs...
Amid a prolonged global oil crisis, the Philippines is poised to secure fresh grant and loan financing from bilateral as well as multilateral partners to support power-sector reforms and the transition to more renewable energy (RE) sources. United States (US) aid agency Millennium Challenge Corp....
