Nearly three-fourths of the loan for a flood control project in Metro Manila that the World Bank extended to the Philippines seven years ago remained unspent even as this financing is scheduled to end before yearend. A Sept. 30 implementation status and results report seen by Manila Bulletin...
A $100-million financing backed by the China-based Asian Infrastructure Investment Bank (AIIB) is eyeing climate transition investments in the Philippines and other Asia-Pacific countries. In a Sept. 30 statement, the AIIB noted that three-fourths of the total commitment, or $75 million, is for the...
The Securities and Exchange Commission (SEC) is exploring the revival of a futures market in the Philippines decades after a commodity and currency futures bourse was shut down due to irregularities. In a statement, the SEC said it is looking to develop a futures market to expand options for...
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...
By Dr. Michelle F. Rodriguez Consultant, Pediatric Hematology, Oncology Specialist at Asian Cancer Institute, Asian Hospital and Medical Center When confronted with the thought of illness, our natural response is fear. This becomes even more unpleasant when we start thinking,...
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,...
President Marcos has expressed his gratitude to the Asian Development Bank (ADB) for its "vote of confidence" for the Philippines' progress as it commits $12 billion to bolster support and address key constraints in the country over the next six years. FOR THE FUTURE — President Ferdinand...
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...
DATA IS KEY Over 150 guests, both onsite and online, from diverse industries and media, gathered at the Asian Institute of Management for the official launch and opening of applications for the country's first-ever Master in Data Analytics program Today, harnessing data is everything. It transforms...
