Topic page on {?keyword?} | ABS-CBN News

Pandemic to slow Philippine economy 'substantially,' says ADB

ABS-CBN News
Posted at Apr 03 12:48 PM

The coronavirus pandemic could "significantly" slow Philippine economic growth this year before rebounding in 2021, the Asian Development Bank said Friday. Read more »

ADB readies 'large assistance package' to support Philippines' coronavirus fight

ABS-CBN News
Posted at Mar 27 03:52 PM

The Asian Development Bank said Friday it would prepare a "large assistance package" to support the Philippines' fight against the coronavirus pandemic.  Read more »

ADB approves $3-M aid in PH’s battle vs coronavirus

ABS-CBN News
Posted at Mar 14 11:03 PM

The ADB will work closely with the Department of Health, the World Health Organization, and other agencies to ensure the delivery of medical supplies. Read more »

ADB readies $200 million financing for medicine, protective gear makers

ABS-CBN News
Updated as of Mar 12 02:41 PM

The fund will be made available through its Supply Chain Finance Program to give companies in the Asia and the Pacific access to additional working capital to meet the demand, the ADB said in a statement.  Read more »

Asia-Pacific economies face $211 billion hit from virus, says S&P

Agence France-Presse
Posted at Mar 06 02:51 PM

S&P said it expected the region to grow 4.0 percent this year as supply and demand shocks blow a $211 billion hole in the economy. That compares with a 4.8 percent estimate given in December and would be the worst performance since a contraction in 2008 caused by the global financial crisis.   Read more »

ADB sees 'significant' coronavirus impact on Developing Asia

ABS-CBN News
Updated as of Mar 06 04:13 PM

The global economy could lose up to $347 billion in a worse case and $156 billion in a moderate case and $77 billion under the best scenario, the Manila-based lender said. Read more »

ADB opens Clark office for Central Luzon projects

ABS-CBN News
Posted at Feb 28 12:36 PM

The office in Clark will serve as hub in Central Luzon for ADB-financed projects and will "help advance" the $2.75 billion (P140 billion) Malolos-Clark Railway project, the lender said in a statement.    Read more »

Duterte wants ADB to boost support for ‘Build, Build, Build’

Arianne Merez, ABS-CBN News
Posted at Feb 25 04:26 PM

President Rodrigo Duterte said Monday he wants an improved relationship with the Asian Development Bank to further push his administration’s ‘Build, Build, Build’ infrastructure program.   Read more »

ADB lauds reduction of poverty rate in PH

ABS-CBN News
Posted at Feb 24 10:39 PM

ADB noted that the country's poverty rate fell to 16.6 percent in 2018 from 23.3 percent in 2015 thanks to high economic growth rates.  Read more »

ADB boosts virus fight with $2 million funding

ABS-CBN News
Updated as of Feb 07 01:04 PM

The funds will “strengthen response capacity” in Cambodia, China, Laos, Myanmar, Thailand and Vietnam, the lender said in a statement. Read more »

PHINMA Education expansion gets P1.87-billion boost

Jessica Fenol, ABS-CBN News
Posted at Feb 05 03:06 PM

With the expansion, PHINMA expects 15 percent growth in enrollments by June while net income is expected to grow by 10 to 12 percent next year. Read more »

ADB's new president assumes office

Ronron Calunsod, ABS-CBN News
Posted at Jan 17 11:53 AM

MANILA – The Asian Development Bank’s new president, Masatsugu Asakawa of Japan, assumed office on Friday, the Manila-based financial institution said. Read more »

ADB to aid internet infrastructure in PH, Asia-Pacific

Kyodo News
Posted at Jan 05 06:36 PM

The Asian Development Bank has signed a $50 million loan agreement to spur internet use in the Asia-Pacific region, with half the financing coming from a fund supported by the Japan International Cooperation Agency. Read more »

Your money or your life: Can nations prosper by putting well-being before GDP in 2020?

Rina Chandran, Thomson Reuters Foundation
Posted at Jan 02 11:42 AM

With protests from Chile to Hong Kong last year over widening inequality, violence against women, and climate change, more policymakers and campaigners started to openly debate potential shifts away from an economic model that relies on growth. Read more »

ADB approves $400-M loan to address youth unemployment in PH

ABS-CBN News
Posted at Dec 03 11:08 PM

The lender also expects the private sector to play a key role in making the youth more employable. Read more »

Japan's ex-top currency diplomat Asakawa is new ADB chief

Kyodo News
Posted at Dec 02 03:53 PM

The ADB president-elect will be tasked with exploring how to cooperate with the Chinese-led Asian Infrastructure Investment Bank amid the rival's growing influence in the Asia-Pacific region. Read more »

Elevated walkway sa EDSA binubusisi na ng NEDA

Michael Delizo, ABS-CBN News
Updated as of Oct 18 01:20 PM

MAYNILA - Nagumpisa na ang review ng National Economic and Development Authority (NEDA) sa posibilidad na magkaroon ng elevated walkway at bike lane sa EDSA. Read more »

ADB plans $9.1 billion in loans to Philippines under 3-year plan

ABS-CBN News
Posted at Oct 17 11:37 AM

The Manila-based lender said it would allocate 59.5 percent of its 3-year lending program Philippines Country Operations Business Plan (COPB) 2020-2022 on transportation projects including railway, bridges, road networks, and elevated pedestrian walkways. Read more »

Six firms bid to build parts of Clark railway project

ABS-CBN News
Posted at Oct 16 03:17 PM

Five foreign firms and one local company are bidding to build segments of a major railway project that will connect Clark City in Pampanga to Calamba City in Laguna, the Department of Transportation (DOTr) said on Wednesday. Read more »

Metro Manila traffic congestion causing 'social consequences': ADB official

ABS-CBN News
Posted at Oct 01 11:03 PM

An official of the Asian Development Bank warned traffic congestion in Metro Manila is not only hurting the economy but also causing unwanted social consequences. Read more »