As natural disasters displace Filipinos the most compared to their neighbors in the region, multilateral lenders enjoin quick aid and response to calamity victims to prevent them from sliding into poverty. "The Philippines is, by far, the country most affected in Southeast Asia, with nearly 43...
The Asian Development Bank (ADB), Asian Infrastructure Investment Bank (AIIB), and Export Import Bank of Korea (KEXIM) vowed to support the Laguna Lakeshore Road Network (LLRN) project. The ADB has committed $1.2 billion as the initial tranche of funding, while the AIIB is contributing $188...
The Philippines is among the lower middle-income countries in the Asia-Pacific region that can borrow from the Asian Development Bank's (ADB) new funding aimed at addressing the education crisis. In a Sept. 26 statement, the ADB said it forged an agreement with the sovereign-backed Geneva-based...
Inflation in the Philippines is expected by the Asian Development Bank (ADB) to further ease as reduced import tariffs on staple rice and other food products spill over to domestic retail prices, boosting consumption and overall economic growth. The Manila-based ADB's Asian Development Outlook...
Easy monetary policy supportive of economic growth across the Asia-Pacific region would follow the US Federal Reserve's cut in interest rates by an aggressive 50 basis points (bps), according to the top economist of the Manila-based Asian Development Bank (ADB). "I think it's good for the region...
Growth in the country's bond market slowed in the second quarter of the year owing to reduced issuance from both corporate and government sectors, amid potential interest rate cut by the Bangko Sentral ng Pilipinas (BSP). Based on the Asian Development Bank’s (ADB) Asia Bond Monitor (ABM) report,...
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...
