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PHL slowdown this year, but recovery likely in 2021 — ADB

THE Philippine economy is seen to significantly slow down this year, as the coronavirus (COVID-19) pandemic dampens domestic consumption and growth in trade and tourism, the Asian Development Bank (ADB) said on Friday.

Global cost of coronavirus may hit $4.1 trillion, ADB says

THE cost of the coronavirus pandemic could be as high as $4.1 trillion, or almost 5% of global gross domestic product, depending on the disease’s spread through Europe, the U.S. and other major economies, the Asian Development Bank said.

PHL to receive further $1.6-B from ADB

THE Asian Development Bank (ADB) said another funding package of at least $1.6 billion for the Philippines will be released in the coming weeks to help the government respond to the COVID-19 quarantine and to help affected industries.

PHL bond market’s growth slows in Q4 on maturities, lower issues

THE GROWTH of the Philippine bond market eased in the fourth quarter of 2019 after the stock of government bonds declined as some issues matured and amid lower issuances, according to an Asian Development Bank (ADB) report.

ADB sets up Clark office to support bank-funded projects in Central...

THE Asian Development Bank (ADB) said it set up a satellite office in Clark to support infrastructure projects it finances in Central Luzon.

Asian Development Bank launches ADB Ventures, investing in impact tech startups

The project will also be providing various forms of financial and technical assistance to startups aiming to address relevant global issues.

New ADB president assumes office

THE Asian and Development Bank (ADB) said its new President Masatsugu Asakawa assumed office on Friday.

ADB to help in drafting new water contracts, says Justice secretary

THE Asian Development Bank (ADB) will help as consultants in the drafting of the new contracts of Metro Manila’s water concessionaires, Justice Secretary Menardo I. Guevarra said.

PHL, ADB ink loan deals worth $623M

THE Philippine government, through the Department of Finance (DoF), and the Asian Development Bank (ADB) on Friday signed a total of $623 million worth of loans to finance feasibility studies for infrastructure projects, to further boost the competitive market and to provide more employment opportunities for the youth.

PHL bond market expands in Q3 even as gov’t issuances decline

THE PHILIPPINES remained to be the second fastest-growing bond in the third quarter in the emerging East Asia region, even as it expanded at a slower pace due to the government’s reduced borrowing program, an Asian Development Bank (ADB) report showed.

FIRe’s call for government, public sector to adapt and integrate

Winning together in the fourth industrial revolution By Adrian Paul B. Conoza,Special Features Writer The growing need to keep in step with the Fourth Industrial Revolution...

PHL bond market’s growth eases in Q2

THE PHILIPPINES was the second-fastest growing bond market in the second quarter among emerging East Asia region, even as expansion was at a “modest” pace amid slower government issuances, the Asian Development Bank (ADB) reported on Wednesday.

ADB’s technical support for PHL infrastructure at $77M

THE ASIAN Development Bank (ADB) has so far disbursed $76.79 million to support the Philippines in creating a pipeline of infrastructure projects that may be implemented by the next administration.

ADB raises P5.22B via peso bonds for PHL projects

THE ASIAN Development Bank (ADB) raised over P5 billion in local currency bonds offered to foreign investors, with the funds meant to support projects in the Philippines.

ADB, IFC invest in Ayala energy unit’s green bonds

AC Energy, Inc. has attracted two of the world’s biggest development lenders International Finance Corp. (IFC) and the Asian Development Bank (ADB) to the Ayala-led company’s multi-million dollar green bond offering that will fund regional renewable energy projects, company officials said.

ADB eyes credit facility for insurance pool

THE ASIAN Development Bank (ADB) said the Philippines will benefit from a fast-disbursing parametric insurance pool, eyeing a credit facility for the program.

ADB approves $408-million assistance package for Marawi rehab

THE Asian Development Bank (ADB) approved on Friday a $408-million financial assistance package for the rehabilitation and rebuilding of Marawi City.

ADB cites hurdles to major railway project

THE ASIAN DEVELOPMENT BANK (ADB) has identified environmental risks to construction of the Solis-Calamba segment of the P777.55-billion North-South Railway Project, but said they can be mitigated.

PHL bond market’s growth slows in Q3

THE LOCAL bond market grew at a slower pace in the third quarter as yields spiked due to concerns over elevated inflation and expectations of further monetary policy tightening here and in the United States, the Asian Development Bank (ADB) said.

PHL bond market grows in Q2

THE Philippine bond market continued to expand in the second quarter even as yields surged as a result of successive rate hikes by the central bank, the Asian Development Bank (ADB) said.

ADB calls for law to broaden PPP participation

THE Asian Development Bank (ADB) said the government must start developing its Public-Private Partnership (PPP) policy to encourage broader private sector participation in infrastructure projects.

AIM hopes to reverse ‘brain drain’ with data science program

By Anna Gabriela A. Mogato, Reporter The Asian Institute of Management (AIM) is currently developing projects in partnership with the government to further develop digital...

ADB approves $300-million loan to fund Philippines’ infrastructure projects

THE ASIAN Development Bank (ADB) has approved a $300-million loan for the Philippines to fund a program that promotes the development of public-private partnership...

ADB adjusting microgrid business model to allow private investment

THE Asian Development Bank (ADB) said it plans to scale up its Philippine pilot microgrid project by employing a business model that will not require grant money from the multilateral lender.

ADB plans scaling up PHL pilot microgrid project without grant money

Asian Development Bank (ADB) plans to scale up its pilot microgrid project in the Philippines through a business model that will not require grant...

PHL to become ASEAN’s most coal-dependent economy by 2030 — ADB

THE PHILIPPINES is expected to become the most coal-dependent country in Southeast Asia in 12 years, the Asian Development Bank (ADB) said.

ADB maintains growth forecast for Philippines

THE ASIAN Development Bank (ADB) retained its 6.8% and 6.9% gross domestic product (GDP) forecasts for the Philippines for 2018 and 2019, respectively, in...

PHL, ADB ink MoU for 2019-2021 lending

THE GOVERNMENT and the Asian Development Bank (ADB) signed a memorandum of understanding (MoU) on June 29 for the regional lender’s $7.1-billion sovereign lending program to the Philippines for 2019–2021.

ADB approves technical assistance for flood risk management project

THE ASIAN Development Bank (ADB) on June 21 said it approved a technical assistance grant for the Integrated Flood Risk Management Sector Project covering various river basins across the Philippines.

Solar-powered hydropanel technology to be used by 8 electric cooperatives in...

THE Asian Development Bank (ADB) has backed a new technology that produces drinking water from sunlight and air, after first testing it on its headquarters’ rooftop ahead of preparing its application in eight electric cooperatives in remote areas of the Philippines.

ADB sets new priorities for Asia and the Pacific as meeting...

THE ASIAN Development Bank (ADB) reaffirmed its commitment to eradicate poverty for a "prosperous, inclusive, resilient, and sustainable Asia and the Pacific” as its...

BSP says to take ‘decisive’ action as inflation heats up

THE CENTRAL BANK will not hesitate to take “decisive” action should inflation maintain its ascent, with signs pointing that price increases now cover a...

The ‘Asian Century’ scenario: Asia’s share of global GDP seen to...

The Asia-Pacific region could account for over half of global output by the middle of this century, according to a report by Asian Development...

ADB’s private sector operations commitments reach $2.3 billion in 2017

Asian Development Bank (ADB) private sector operations over the past year reached $2.3 billion, growing the bank’s overall portfolio of private sector operations by...

More taxes needed for gov’t reforms

By Melissa Luz T. Lopez Senior Reporter THE PHILIPPINES needs to collect more taxes to address the “urgent task” of traffic congestion and efficient public transport,...

Climate change proposals center on reforestation, limiting coal power projects

CIVIL SOCIETY organizations consulted by the Asian Development Bank (ADB) said their key proposals to mitigate climate change center on forest protection and curbing...

Greenbacks and green buildings

By Sam L. Marcelo, High Life Associate Editor Every day, 500 copies of local and international newspapers are delivered to the Asian Development Bank Headquarters (ADB...

ADB: Infrastructure, digitization to push Asia’s economic growth

By Melissa Luz T. Lopez Senior Reporter ASIAN ECONOMIES enjoy robust growth but need fresh approaches in order to provide better lives for all, the Asian...

Mindanao Corridors strategy receives $100M in ADB funding

DAVAO CITY -- The Mindanao Development Corridors strategy, with the south-central Mindanao area and the Autonomous Region in Muslim Mindanao (ARMM) as pilot sites,...

Expect traffic disruptions today along EDSA, Ortigas area with ADB meet...

THE METROPOLITAN Manila Development Authority (MMDA) has advised motorists to expect traffic disruptions on Monday, April 16, from 7 a.m. to 12 noon, with...

Automation to increase jobs but more training needed — ADB

THE ASIAN Development Bank (ADB) has allayed concerns over fears of job losses as a result of the so-called “fourth industrial revolution,” but added...

ADB maintains bullish outlook for Philippines

THE ASIAN Development Bank (ADB) sees the Philippines sustaining its upward economic growth trajectory on the back of the government’s push for large-scale infrastructure...

Appetite for peso green bonds limited — ADB

THE MARKET for so-called “green bonds” remains unattractive for issuers even with the availability of environmentally friendly projects to fund, due to cost and...

Davao City pushes for launch of ADB-backed bus system by 2019

DAVAO CITY -- The Davao City government, in partnership with the Asian Development Bank (ADB), is aiming to launch at least one route for...