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 United States has offered members of the Association of Southeast Asian Nations (ASEAN) its help to bolster their domain awareness to address cases of illegal intrusions and coercion. According to the US Defense Department, securing domain awareness is a foundational aspect of supporting its...
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...
House Speaker Martin Romualdez (Speaker’s office) House Speaker Martin Romualdez is prodding members of the Association of South East Asian Nations (ASEAN) and other countries to support the Philippines’ stand on issues involving the West...
Defense leaders from the Association of Southeast Asian Nations (ASEAN) hold hands as a symbol of unity and cooperation during the opening of the 18th ASEAN Defense Ministers' Meeting in Vientiane, Laos on Nov. 20, 2024. The Philippine delegation was represented by Defense Undersecretary Ignacio B....
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...
ILOILO CITY – The river park project here was one of the winners of the 2024 Asian Townscape Awards (ATA). The Iloilo Esplanade was cited as one of the leading models for urban landscape construction in Asia during an awarding ceremony in Fukuoka, Japan on Monday, Nov. 18. THE Iloilo...
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)...
Regional growth across the 21 member economies of the Asia-Pacific Economic Cooperation (APEC) would slow down next year and beyond amid intensified global challenges. Citing its latest APEC Regional Trends Analysis report published this month, the non-binding group whose top leaders are currently...
Like with the Philippines, countries that are firm in upholding the rule of law in the South China Sea are also working with other members of the Association of Southeast Asian Nations (ASEAN) so they will not lose their voice in terms of calling out aggressive actions in the waters and yield to...
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...
