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Gov’t, ADB ink $1.3B initial financing for Malolos-Clark railway

Arianne Merez, ABS-CBN News
Updated as of Jul 12 05:33 AM

MANILA - The Philippines on Thursday inked the initial $1.3 billion financing deal with the Asian Development Bank for the construction of the Malolos-Clark railway.   Read more »

USAID, ADB sign deal to 'mobilize' $7B clean energy investments

ABS-CBN News
Posted at Jun 18 02:09 PM

Under the agreement, USAID and ADB “will work to mobilize” $7 billion of investment in projects to boost the capacity of clean energy systems by 6 gigawatts and increase energy trade by 10 percent in the next 5 years, the ADB said in a statement.  Read more »

ADB to lend $2.75B for Malolos-Clark railway project

ABS-CBN News
Posted at May 24 12:03 AM

The Asian Development Bank approved its single biggest funding to the Philippines. Read more »

ADB approves $2.75-B financing for Malolos-Clark railway

ABS-CBN News
Posted at May 23 01:43 PM

It will support the construction of the 53.1 kilometer passenger railway which will connect Malolos in Bulacan to the Clark International Airport, ADB said in a statement.    Read more »

AIIB chief seeks to collaborate with Japan lenders in infrastructure

ABS-CBN News
Posted at May 20 08:37 PM

Japanese public institutions and private banks have a "very strong reputation and extensive experience" in financing projects in Asia, AIIB President Jin Liqun said in a news conference in Tokyo. Read more »

Road map to better pedestrian mobility in Manila involves connected, elevated pathways

Kristine Sabillo, ABS-CBN News
Updated as of May 22 04:03 AM

A project called Greenways promises a secure, comfortable way for pedestrians to move around the perennially congested Big City. Read more »

Imagining Metro Manila as a 'green' capital

Kristine Sabillo, ABS-CBN News
Updated as of May 10 12:23 PM

Urban planner Paolo Alcazaren urges gov’t to invest in green pedestrian pathways to address traffic and other problems.  Read more »

LOOK: Duterte enjoys downtime in Davao watching Netflix

Jauhn Etienne Villaruel, ABS-CBN News
Updated as of May 05 01:56 PM

In photo provided by Tourism secretary Bernadette Romulo-Puyat, Duterte was seen in his bed watching Django Unchained through streaming service provider Netflix. Read more »

Decreasing cost of renewable technology boosts demand for green financing: ANZ

Cathy Yang, ABS-CBN News
Posted at May 02 05:49 PM

Awareness in the benefits of lower carbon economy has also drawn interest to financing for renewable projects, ANZ managing director for Loans and Specialized Finance Christina Tonkin told ANC.  Read more »

Helen Clark: PH should consider rights-based approach vs illegal drugs

Cathy Yang, ABS-CBN News
Updated as of May 03 04:21 AM

NADI, Fiji (UPDATED) – The Philippines should consider a human rights-based strategy to deal with the scourge of illegal drugs, a former official of the United Nations Development Program said Thursday. Read more »

Philippines has 'potential' to become Asia's fastest-growing economy: ADB

Cathy Yang, ABS-CBN News
Updated as of May 02 03:47 PM

A recent credit rating upgrade from S&P Global is also an indication of the "fundamental strength" of the Philippine economy, which has maintained growth at above 6 percent, said ADB Chief Economist Yasuyuki Sawada. Read more »

Credit rating upgrade 'a vote of confidence' on Philippines: economist

Cathy Yang, ABS-CBN News
Updated as of May 01 05:14 PM

The upgrade was “well-deserved” after the Bangko Sentral ng Pilipinas raised the benchmark borrowing rate by 175 basis points in 2018 to tame inflation, he said. Inflation slowed for the fifth straight month in March. Read more »

ADB cuts growth forecast for Asia amid US-China trade dispute

ABS-CBN News
Posted at Apr 03 11:35 PM

The Asian Development Bank downgraded its growth forecast for the Philippines, in step with dimmer economic prospects for developing Asia. Read more »

PH shares struggle amid downgraded growth outlook

ABS-CBN News
Posted at Apr 03 11:27 PM

The Philippine Stock Exchange index struggled to stay at the upper 7,800 level amid another downgraded growth forecast. Read more »

Dissecting Data: Japanese and Chinese loans compared

ABS-CBN News
Posted at Mar 27 04:25 PM

Warren De Guzman and the ABS-CBN Data Analytics Team take a closer look at how these two Asian giants have been funding projects in the Philippines.  Read more »

Asia's coal addiction puts chokehold on its air-polluted cities

Michael Taylor, Thomson Reuters Foundation
Posted at Mar 20 09:49 AM

KUALA LUMPUR - Over the past year, the number of patients treated each day in the hospital unit where cardiologist Ade Imasanti Sapardan works in Indonesia's capital has almost doubled to about 100. Read more »

ADB boss shares what he loves about 2 countries he's called home

Christel Lagdameo, ABS-CBN News
Updated as of Feb 15 11:24 PM

Japanese national Takehiko Nakao can't help but admire how the Philippines has just the right climate to do all the things he loves. Read more »

ADB boss says making people happier, richer is among issues in Asia

ABS-CBN News
Posted at Feb 04 11:33 PM

Asian Development Bank President Takehiko Nakao said macro-economic conditions in the country have improved, pointing to faster growth for the Philippines this year. Read more »

ADB sees no rivalry with China-led AIIB

Cathy Yang, ABS-CBN News
Posted at Feb 04 09:14 PM

The amount needed for infrastructure in Asia is so big that the two multilateral lenders need to become partners to bridge the funding, said ADB President Takehiko Nakao. Read more »

ADB backs efforts to rehab Manila Bay

Cathy Yang, ABS-CBN News
Posted at Feb 04 05:36 PM

ADB President Takehiko Nakao said on Monday that pollution was an important issue which needed to be addressed as it impacts people's happiness and health. Read more »