Business NEWS

The trilateral cooperation in support of the Philippines’ COVID-19 vaccination program is a testament of the closer coordination among the World Bank, Asian Development Bank (ADB) and the Asian Infrastructure Investment Bank (AIIB).

The Technical Education and Skills Development Authority (TESDA) needs to adopt nontraditional, innovative, and flexible approaches as school disruptions and closures due to the pandemic continue, an Asian Development Bank’s (ADB) study revealed,

The Green Climate Fund (GCF) has created a financing window to help Southeast Asia shape a climate-resilient, environmentally sustainable economic recovery from the coronavirus disease (COVID-19) pandemic.

The anticipated commercial launch of DITO Telecommunity this year is not expected to close the digital gap between rich and poor cities in the Philippines, after the company confirmed in a Senate hearing it would be unable to immediately cover underserved areas with their telco services. 

The Department of Finance (DOF) said it will tap loan financing from multilateral lenders to ensure that the government has more than enough vaccine doses to inoculate adult Filipinos against the coronavirus.

The Asian Development Bank (ADB) is preparing additional funding support for the government’s purchase of coronavirus vaccines following the initial loan allotment for this year.

The study undertaken by the Asian Development Bank (ADB) on the proposed mode of privatization for the 150-megawatt Casecnan and 728MW Caliraya-Botocan-Kalayaan (CBK) hydropower plants will be out by the end of this month, according to state-run Power Sector Assets and Liabilities Management Corporation (PSALM).

The country’s information technology-business process outsourcing (IT-BPO) and manufacturing industries will shed about a quarter of jobs due to digital transformation, a latest study by the Asian Development Bank (ADB) revealed.

The Department of Finance (DOF) assured that the government has sufficiently funds to procure enough doses of COVID-19 vaccines from various sources in line with its target to inoculate around half of the population.

Debt service burden down 8%

To fight COVID-19

The Department of Finance (DOF) has identified three sources of funds for the procurement of the coronavirus vaccines that will be given to priority sectors.

The Asian Development Bank (ADB) said it will extend technical assistance to developing countries, like the Philippines, to help them secure access to a coronavirus vaccine as well as in their distribution.

The Asian Development Bank (ADB) urged Southeast Asian countries to expand investments in digital infrastructure and ensure equitable access to technology as economies recover from the coronavirus disease (COVID-19) pandemic.

The Asian Development Bank (ADB) urged the Southeast Asia’s policy makers to use green and innovative financing approaches to help catalyze the investments required for climate-adjusted infrastructure in the region.

Coronavirus-ravaged economies across the Asia Pacific will make a ”swoosh-shaped” recovery next year, the Asian Development Bank forecast Tuesday, but it warned that further restrictions to combat the contagion could derail the region’s return to growth.