The Bangko Sentral ng Pilipinas (BSP) highlighted the Philippines’ potential as an investment destination for Islamic finance, citing the country's growing economy and the government’s push for financial inclusion. In a statement on Monday, Dec. 2, BSP Governor Eli M. Remolona, Jr. said that...
Despite the Philippine government's ambitious commitment to mitigate and adapt to climate change, public expenditures to do so have been lacking, according to the Asian Development Bank (ADB). "Climate finance remains insufficient to combat the increasing impacts of climate change. An estimated...
The Asian Development Bank (ADB) is pushing to equip local government units (LGUs) in the Philippines with the know-how to roll out more public-private partnership (PPP) projects. "The success of PPP projects largely depends on the capability of implementers. The PPP Center alone will not be able...
The Philippines’ local bond market has posted strong growth in the third quarter of the year, driven by the Bangko Sentral ng Pilipinas’ (BSP) increasingly dovish monetary policy stance and a surge in corporate bond issuance. Based on the Asian Development Bank’s (ADB) latest Asia Bond...
The Asian Development Bank (ADB) has approved a $500 million policy-based loan to further strengthen the Philippines’ efforts to tackle climate change. In a statement, Pavit Ramachandran, ADB Philippines country director, said the Climate Change Action Program (CCAP) Subprogram 2 supports the...
The Philippines will repay to the Asian Development Bank (ADB) the initial loan it secured for the Laguna Lakeshore Road Network (LLRN) until 2052, or 24 years after the project is expected to be passable. Documents showed that Finance Secretary Ralph G. Recto, on behalf of the Philippine...
Asia-Pacific economies should keep free trade flowing despite looming challenges to be presented by the return of a protectionist Trump 2.0 administration in the US, according to the top economist of the Asian Development Bank (ADB). “We’re concerned—obviously, it’s probably going to be a...
Micro, small and medium enterprises (MSMEs) continue to expand in fast-growing Philippines, getting a boost from booming electronic commerce, according to the Asian Development Bank (ADB). However, MSMEs in the country remain hampered by limited access to financing, partly as banks avoid bad loans...
Homegrown non-bank Asialink Finance Corp. (AFC) has secured a total of at least $200 million (over P11.7 billion) in loans from two multilateral lenders to support its small business lending in the Philippines. Minutes of an Oct. 9 meeting of the Washington-based International Finance Corp. (IFC)...
Manila-based Asian Development Bank (ADB) has approved nearly P100 billion ($1.7 billion) to fund a 37.5-kilometer climate-resilient expressway in the Philippines that aims to boost regional connectivity and economic competitiveness. The ADB will support the Laguna Lakeshore Road Network Project...
By DERCO ROSAL With nine out of every 10 Filipinos feeling the harsh impacts of climate change, the Asian Development Bank (ADB) will support drought and flood preparedness in the Philippines and other member countries to mitigate the impact on lives and livelihood. Over the next six years, the...
By DERCO ROSAL Climate change could reduce gross domestic product (GDP) in Asian developing countries, including the Philippines, by 17 percent for the next nearly 50 years, the Asian Development Bank (ADB) reported. Based on ADB’s Asia-Pacific Climate Report, this economic...
