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Asian Development Bank proposes ending financing for coal-fired power plants

Agence France-Presse
Posted at May 07 09:52 PM

MANILA - The Asian Development Bank will stop financing new coal power plants under a draft energy policy released Friday that was cautiously welcomed by environmental groups. Read more »

Japan backs ADB with $15 mln for universal health coverage in Asia

Reuters
Posted at May 05 08:51 PM

Japan will contribute $15 million to a fund aimed at promoting universal health coverage in the Asia-Pacific region to prevent the resurgence of the coronavirus and other pandemics, Finance Minister Taro Aso said on Wednesday. Read more »

Groups call on ADB to stop funding fossil fuel projects

Bruce Rodriguez, ABS-CBN News
Posted at May 05 08:03 PM

Several civil society groups trooped to the headquarters of the Asian Development Bank in Manila, to urge the multilateral lender to halt its financing of dirty energy and cancel the debts of developing member countries. Read more »

'Green' investments to create up to 30 million jobs in Southeast Asia by 2030: ADB

Bruce Rodriguez, ABS-CBN News
Posted at May 04 05:30 PM

Economies in Southeast Asia including the Philippines can create up to 30 million new jobs through 2030 if they invest more in green growth opportunities, according to the Asian Development Bank. Read more »

Philippines urges ADB to 'level up', expand loan portfolio to support recovery: DOF

ABS-CBN News
Updated as of May 04 10:20 PM

MANILA (UPDATE) - The Philippines is urging the Asian Development Bank to "substantially expand" its loan portfolio for the next 5 years to boost recovery of developing member-countries from the COVID-19 pandemic. Read more »

ADB chief says investment in health, education to hasten economic recovery

ABS-CBN News
Posted at May 03 05:25 PM

Governments should spend more on education and the health sector to speed up recovery in the region, Asian Development Bank president Masatsugu Asakawa on Monday said. Read more »

Asian finance chiefs discuss online cooperation amid pandemic

Kyodo News
Posted at May 03 03:17 PM

TOKYO - Asian finance chiefs held a videoconference Monday to discuss ways to enhance cooperation as well as to compare notes on their economies and how they have been impacted by the novel coronavirus with the global pandemic showing no signs of abating. Read more »

Pandemic leading to lower quality jobs: ADB official

ABS-CBN News
Posted at Apr 28 01:10 PM

The COVID-19 pandemic could leave a lasting impact on employment in the Philippines as job creation has shifted to less stable and lower quality jobs, an official of the Asian Development Bank said Wednesday. Read more »

Philippine economy seen to grow by 4.5 percent 'or higher' in 2021: ADB

Jessica Fenol, ABS-CBN News
Updated as of Apr 28 11:37 AM

The Philippine economy is foreseen to grow by 4.5 percent this year and 5.5 percent in 2022, according to an Asian Development Bank report released Wednesday. Read more »

Developing Asia to recover strongly, but COVID-19 risks remain: ADB

Karen Lema, Reuters
Posted at Apr 28 08:45 AM

Developing Asia's economic rebound this year could be stronger than previously thought, the Asian Development Bank said on Wednesday, underpinned by expectations of a solid global recovery and progress on vaccines. Read more »

ADB calls for skills training reform in Philippines

ABS-CBN News
Posted at Mar 23 01:06 PM

The Philippines should reform its technical and vocational education and training system to meet fast-changing industry needs, the Asian Development Bank (ADB) said on Tuesday. Read more »

Finance chief says fiscal prudence prepared PH to handle new COVID-19 surge

ABS-CBN News
Posted at Mar 17 02:22 PM

Dominguez, who has been fending off lawmakers’ and economists’ calls for bigger stimulus spending, said the government was “never under the illusion that this challenge would be short.” Read more »

ADB approves $400 million loan to help PH purchase coronavirus vaccines

ABS-CBN News
Posted at Mar 12 11:20 AM

MANILA - The Asian Development Bank said Friday it has approved a $400 million (P24 billion) loan to help the Philippines purchase COVID-19 vaccines. Read more »

ADB suspends funding for projects in Myanmar after military coup

Kyodo News
Posted at Mar 11 05:37 PM

"As the international community assesses the evolving situation, ADB has placed a temporary hold on sovereign project disbursements and new contracts in Myanmar effective 1 February 2021, consistent with our internal guidelines," the multilateral bank said in a statement on Wednesday. Read more »

Dissecting Data: Foreign direct investments fall by a quarter

Warren de Guzman and Edson Guido, ABS-CBN News
Posted at Mar 11 02:44 PM

Three straight years of decline in FDI inflows indicate there are other reasons besides the pandemic why money isn’t flowing into a Philippine economy that averaged over 6 percent GDP growth in the years prior to the outbreak.  Read more »

ADB allots $25 million to help Philippines buy vaccines

ABS-CBN News
Posted at Feb 01 11:22 AM

The Asian Development Bank (ADB) on Monday said it has allocated $25 million or around P1.2 billion to help the Philippine government purchase COVID-19 vaccines this year. Read more »

Finance chief assures enough funds for COVID-19 vaccines

ABS-CBN News
Posted at Jan 14 01:24 PM

Finance Secretary Carlos Dominguez III said the DOF has “in place” P75 billion of the P82.5 billion budget required to provide vaccines to around 55 percent of the population. Read more »

More than half of adult Pinoys lost jobs, had emotional problems due to pandemic: survey

ABS-CBN News
Posted at Jan 07 02:51 PM

But amid these problems, more than half of survey respondents also said that they became closer to their family members, Pulse Asia said. Read more »

PH eyes $325 million more in loans from ADB for COVID-19 vaccines

Ina Reformina, ABS-CBN News
Posted at Dec 22 11:52 PM

The Philippines is seeking $325 million (P15.6 billion) more in loans from the Asian Development Bank (ADB) to finance its planned 60 million COVID-19 vaccine roll out in 2021.   Read more »

ADB focusing on infra, health as lending to PH to hit $9.4 billion in next 3 years

ABS-CBN News
Posted at Dec 16 02:05 PM

The Asian Development Bank on Wednesday said it is prioritizing infrastructure and health in its lending to the Philippines, which is expected to reach $9.4 billion between 2021 and 2023.  Read more »