Samarkand, UZBEKISTAN — The Philippines urged the Manila-based Asian Development Bank (ADB) to ramp up assistance to its developing member countries (DMCs) amid a wave of climate and geopolitical challenges putting pressure on public finances. Speaking at the Governors’ Business Session...
Samarkand, UZBEKISTAN — “So many” developing Asia-Pacific economies are scrambling to secure concessional financing from the Asian Development Bank (ADB) to bankroll their response to crises caused by the war in the Middle East. “We have already received so many requests from so many...
Samarkand, UZBEKISTAN — The Asian Development Bank (ADB) has launched a new financing facility to scale up investments in critical minerals-to-manufacturing value chains, as it pushes Asia-Pacific economies to move beyond raw material exports and into higher-value industries. The announcement was...
Samarkand, UZBEKISTAN — Central bank and finance chiefs from across the Association of Southeast Asian Nations (ASEAN), China, Japan, and South Korea are bracing for slower economic growth and higher inflation risks amid a prolonged war in the Middle East. In a joint statement on Sunday, May 3,...
Filipinos are the most alarmed in Asia about climate change, with more than four-fifths of respondents viewing it as a “very serious problem,” the highest share among the economies surveyed, according to the Manila-based multilateral lender Asian Development Bank (ADB). In an economics working...
SANYA, China — The 6th Asian Beach Games ended the same way it started — in a true Chinese fashion: grand, dazzling and colorful —at the Yasha Park here on Thursday, April 30. But the curtain closing on the successful return of the Beach Games after 10 years marks the start of the...
The Philippines and its neighbors in the Association of Southeast Asian Nations (ASEAN) are moving to fortify regional trade pacts and energy security frameworks as escalating Middle East tensions threaten to destabilize global supply chains. Trade Secretary Cristina Roque said the economic...
The Philippines rolled out one of the most extensive policy responses in Asia-Pacific to cushion the impact of global oil price and supply shocks, even as the country recorded among the steepest increases in fuel prices in the region, according to the Manila-based Asian Development Bank (ADB). An...
SANYA, China — The Gilas Pilipinas women’s team copped a silver medal after absorbing a tough 21-13 defeat at the hands of China in the 3x3 basketball final in the 6th Asian Beach Games at the Sanya Gymnasium on Wednesday, April 29. The Nationals simply had no answer to the towering 6-foot-5...
SANYA, China — The Philippine athletics team is just coming off an impressive medal haul in the 6th Asian Beach Games and it’s already looking for ways to further improve its standings especially that the next edition will be held in Cebu in 2028. The Philippine Athletics Track and Field...
SANYA, China — The Gilas Pilipinas teams sustained their hot runs as they dispatched their respective foes to advance to the semifinals of the 3x3 basketball tournament in the 6th Asian Beach Games at the Sanya Gymnasium on Tuesday, April 28. The men’s team overcame a tough challenge from...
The Philippines faces mounting economic and financial risks from climate change, with projected losses reaching as much as 13 percent of gross domestic product (GDP) by 2040 unless the country urgently scales up climate financing and aligns adaptation and mitigation efforts, according to state-run...
