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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 approves $23.2-M loan to upskill employees of PH competition commission

ABS-CBN News
Posted at Dec 11 11:51 PM

The Asian Development Bank approved a multimillion-dollar loan to help the Philippine Competition Commission upskill its workers. Read more »

ADB cuts growth views for China, developing Asia as trade war bites

Reuters
Posted at Dec 11 09:53 AM

The bank trimmed its growth forecast for developing Asia to 5.2 percent in 2019 and 2020, the Manila-based lender said in an updated annual outlook report, from 5.4 percent and 5.5 percent previously. 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 »

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 »

Cable cars may be feasible for parts of Metro Manila: ADB transport official

ABS-CBN News
Posted at Oct 01 06:26 PM

ADB's Transport Sector Chief said a cable car system can be rolled out faster than other mass transit systems.  Read more »

ADB scales up investments in PH from an annual $800M to $2.5B

ABS-CBN News
Posted at Sep 27 03:42 PM

The Asian Development Bank is scaling up its investments in the Philippines from $800 million annually to $2.5 billion starting this year. ADB country manager Kelly Bird says this is to support the country's infrastructure, which remains underinvested.    Read more »

ADB lowers PH's growth outlook for 2019, 2020

ABS-CBN News
Posted at Sep 25 11:47 PM

The Asian Development Bank lowered its growth outlook for the Philippines for 2019 and 2020. Read more »

ADB president Nakao to retire in January 2020

ABS-CBN News
Posted at Sep 17 03:50 PM

The Asian Development Bank on Tuesday announced the resignation of its president Takehiko Nakao effect January 16, 2020. Read more »

ASEAN member-states not spending enough on social protection: ADB

ABS-CBN News
Posted at Sep 09 11:35 PM

Social protection spending is still not the priority in Southeast Asian countries, including the Philippines, according to the Asian Development Bank. Read more »

Developing Asia set to meet growth outlook despite trade war: ADB

Reuters
Posted at Jul 18 11:14 AM

Developing Asia, a group of 45 countries in the Asia-Pacific region, is still expected to grow 5.7 percent this year and 5.6 percent next year, the ADB said in a supplement to its Asian Development Outlook report issued in April.   Read more »

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 »

Development banks' climate funding at all-time high in 2018

Daphne Psaledakis, Reuters
Posted at Jun 14 09:06 AM

The financing from 6 multilateral development banks to boost projects addressing climate risks and cutting emissions reached $43.1 billion in developing countries and emerging economies last year, up 22 percent from the previous year and accounting for almost 30 percent of the banks' total operations. 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 »

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 »

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 »

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 »