Ports operator Asian Terminals Inc. (ATI) and Dubai-based logistics company DP World joined forces in investing ₱120 million to roll out the Philippines’ first complete fleet of electric internal transfer vehicles (eITVs). ATI and DP World recently unveiled a fleet of 15 eITVs and their...
The share of tax revenues to the Philippine economy has lingered below the regional average of efficient collections, highlighting the need to further improve tax administration and enforcement. The Organization for Economic Co-operation and Development’s (OECD) Revenue Statistics in Asia and the...
President Marcos has pitched the Philippines as a rising destination for clean energy investments and digital innovation, telling Asian business leaders that the country is ready to host renewable-powered factories and high-tech hubs. Marcos said this as he welcomed business leaders participating...
The Bangko Sentral ng Pilipinas’ (BSP) push for personal equity and retirement accounts (PERA) is expected to promote the wider adoption of open finance in the Philippines, according to the Tokyo-based think tank Asian Development Bank Institute (ADBI). “The BSP remains committed to advancing...
The world’s multilateral development banks (MDBs) have reaffirmed their commitment to advancing key infrastructure projects, including the Association of Southeast Asian Nations (ASEAN) Power Grid, by streamlining co-financing processes and expanding tools like local currency lending and foreign...
Despite delays, the Metro Manila flood control project being funded by loans from the Washington-based World Bank Group (WBG) and the China-led Asian Infrastructure Investment Bank (AIIB) has so far benefitted over half a million residents in flood-prone areas. “To date, more than 600,000 people...
Peso-denominated bonds issued by the Philippine public and private sectors climbed at the start of the year, as both the government and private corporations increasingly tapped the domestic commercial debt market for their financing requirements. Data from the Asian Development Bank 's (ADB)...
The Governance Commission for Government Owned or Controlled Corporations (GCG) has secured an over ₱14-million funding from the Manila-based Asian Development Bank (ADB) to harmonize and digitize reporting among state corporations. In 2025, we are proud and honored to have created a partnership...
A new $400-million (over ₱22-billion) loan to be greenlit by the Manila-based Asian Development Bank (ADB) for the Philippines aims to enhance its host country 's business environment through technology. An ADB concept note dated May 31 showed that the fact-finding mission for the Business...
The Philippines will receive a $500-million loan, or about ₱27.9 billion, from the Asian Development Bank (ADB) to support efforts to make the local agriculture sector more sustainable through 2030. ADB agriculture, food, nature, and rural development sector office senior director Qingfeng Zhang...
The Manila-based Asian Development Bank (ADB) will invest $1.5 billion, or about ₱83.8 billion, through a five-year farming program aiming to improve rice productivity and low-carbon rice production across Asia and the Pacific (APAC), including the Philippines. This is part of the multilateral...
The Philippines’ motorcycle industry remains on an upward trajectory, with sales surging past 700,000 by the end of May, as demand for greater mobility and an affordable mode of transportation continues to sweep the nation. The latest figures from the Federation of Asian Motorcycle Industries...
