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ADB cuts Philippine growth forecast, expects inflation to hit harder

Sep 26, 2018 - 12:05 PM

The Asian Development Bank says it revised its outlook due to the weak agriculture sector, high inflation, and continued global monetary tightening

'Can you lend more?' Duterte asks ADB to fund more infra projects

May 05, 2018 - 9:14 PM

'We shall continue to rely on the ADB for financial assistance, be it in the form or loans or grants,' President Rodrigo Duterte says at the 51st Annual Asian Develoment Bank Meeting

BUILD BUILD BUILD. President Rodrigo Duterte asks Asian Development Bank for more loans. Malacañang Photo

ADB vows to fund more Mindanao projects

May 03, 2018 - 8:40 PM

As the Asian Development Bank holds its annual meeting, protesters outside demand an end to 'anti-poor and anti-development strategies'

ADB vows to fund more Mindanao projects

Amid high inflation, Bangko Sentral ready to raise interest rates 'if needed'

May 03, 2018 - 4:10 PM

While the Philippine central bank's medium-term inflation outlook remains within the government target, it says it will continue monitoring the figures in case a policy shift is needed

READY TO RAISE. If all considerations point to the need for the BSP to undertake some decisive action, Diwa Guinigundo says BSP 'will not have second thoughts.' File photo by BSP

Rising gas, food prices seen to push PH inflation faster

May 03, 2018 - 12:24 PM

The movement of prices of basic goods and services is seen to be faster in April

HIGHER PRICES. Higher price increases are noted for rice, corn, fish, fruits, and vegetables in March 2018. File photo by Noel Celis/AFP

Aquino on Senate Dengvaxia report, LTFRB on Grab, White House on Mueller | Evening wRap

Apr 11, 2018 - 8:42 PM

Watch Rappler's evening newscast with Marguerite de Leon

Philippines in 'golden age' of growth – ADB

Apr 11, 2018 - 1:21 PM

The Asian Development Bank projects the Philippine economy to grow by 6.8% in 2018 and 6.9% in 2019

ADB Asian development outlook 2018

Infra projects to help PH achieve 7% growth in 2018 – DOF

Mar 09, 2018 - 11:56 PM

During the country’s annual briefing with the Asian Development Bank, Finance Secretary Carlos Dominguez III says, 'Mindanao today is at the front and center of the Build, Build, Build infrastructure program'

Philippines' hosting of ADB meeting 'more frugal' in 2018 than in 2012

Feb 20, 2018 - 4:05 PM

The Philippine government earmarks less than P90 million for the hosting of the Asian Development Bank annual meeting in 2018, lower than the P200 million it spent in 2012

DPWH gets help from Hong Kong-based Arup for infra deals

Feb 13, 2018 - 4:43 PM

The consulting contract is the first of 3 consulting packages expected under the $100-million Infrastructure Preparation and Innovation Facility approved by the Asian Development Bank in October 2017

$380-million ADB loan to finance 11 infra projects in Mindanao

Jan 12, 2018 - 2:12 PM

The loan will finance the construction of roads in the Zamboanga Peninsula and bridges in Tawi-Tawi

ADB upgrades Philippine GDP growth forecast for 2017, 2018

Dec 13, 2017 - 4:30 PM

The outlook of the Asian Development Bank 'assumes that growth in the government's infrastructure program will accelerate'

Building projects through ODA not in conflict with PPPs – ADB

Nov 23, 2017 - 7:05 PM

While the Duterte administration favors official development assistance over public-private partnerships, the Asian Development Bank says PPPs 'will continue to be a way of doing business'

$60 billion a year needed to address ASEAN infrastructure gap – ADB

Nov 13, 2017 - 3:25 PM

To fill the region's massive infrastructure gap, some businessmen recommend the public-private partnership (PPP) route

INFRA GAP. Citing an ADB study, ADB's Diwakar Gupta saya a 10% increase in energy distribution would mean 7% increase in exports; while a 10% increase in trasnportation leads to 2% increase in exports. Photo by Adrian Portugal/Rappler

PH to receive $366M dev’t loan from ADB, France

Nov 01, 2017 - 3:24 PM

The loan is intended for inclusive growth programs with target disbursement late this year or early next year, says the Department of Finance

ADB retains PH growth outlook, sees no signs of economy overheating

Sep 26, 2017 - 8:15 PM

The Asian Development Bank retains its forecast of 6.5% GDP growth for 2017 and 6.7% for 2018, while noting that infrastructure investment and receding inflation will fuel the economy

ADB offers Philippines $3.8B in loans for infra, social projects

Aug 20, 2017 - 9:05 PM

Nearly half of the total will help fund infrastructure projects from 2018 to 2020 says the Department of Finance

Let's re-educate ourselves about the environment

Jul 02, 2017 - 9:59 AM

With the expected growth in population how much more of this waste will be left in the streets in coming years?

PH shows off best products, hospitality ahead of 2018 ADB hosting

May 07, 2017 - 5:00 PM

Government officials and business leaders from the Philippines also encourage potential participants to come to the Philippines and invest

ENTICING. The Philippines' giveaways to guests as it encourages them to attend the 2018 ADB meeting in Manila. Photo by Rappler

Looking ahead: Gender equality, universal healthcare in ADB's priority list

May 07, 2017 - 11:48 AM

Here are 5 issues the Asian Development Bank is prioritizing as it crafts its long term strategy for 2030

ADB CHIEF. Asian Development Bank (ADB) chief Takehiko Nakao on November 24, 2016. Noel Celis/AFP/File

ADB, region push for more PPPs as Duterte gov't mulls less

May 06, 2017 - 8:56 PM

The Asian Development Bank also launches Public Private Partnership initiatives in an effort to strengthen its bankability and implementation and approves 2 5B in financing support to private sector operations

CRUCIAL PPP'S. Private Sector Operations Director General Michael Barrow expressed hope the Duterte administration would continue with PPP projects. Photo by Natashya Gutierrez

Japan's Crown Prince opens 50th ADB meeting: Prioritize poverty reduction

May 06, 2017 - 11:30 AM

There are still over 300 million people living in poverty in this region and poverty reduction through sustainable and inclusive growth remains an important agenda to us says the Crown Prince

ROYAL REMARKS. Japanese Crown Prince Naruhito delivers a speech at the opening session of the Board of Governors at the Asian Development Bank's annual meeting in Yokohama, south of Tokyo, on May 6, 2017. Kazuhiro Nogi/AFP

ASEAN+3 agree to boost financial cooperation amid global risks

May 05, 2017 - 9:53 PM

ASEAN Japan South Korea and China agree on the Yokohama Vision which serves as guiding principles for a more resilient and integrated ASEAN 3

BUFFERS ENOUGH. Philippine Finance Secretary Carlos Dominguez III says ASEAN has enough buggers to withstand global risks. Photo by ADB

ADB achieves most dev’t targets, falls short on poverty reduction

May 05, 2017 - 1:32 PM

The ADB notes that inequality grew in many populous countries in the Asia Pacific

DEVELOPMENT GOALS. ADB VP for East Asia, Southeast Asia and the Pacific Stephen Groff talks about development targets reached by the bank. Photo by ADB

ADB president: We're not rivals with China's AIIB

May 04, 2017 - 3:48 PM

Asian Development Bank s Takehiko Nakao says the financing need to develop infrastructure in Asia is so huge that the two banks must cooperate

ADB president: Geopolitical stability crucial for projects to succeed

May 04, 2017 - 1:59 PM

Takehiko Nakao says the region must learn from past mistakes to avoid future conflicts

AVOID CONFLICT. ADB President Takehiko Nakao emphasized the need to maintain stability in the region. Photo by ADB

Business, gov't leaders discuss infrastructure for inclusive growth in ADB annual meeting

May 04, 2017 - 11:01 AM

The theme of the 50th ADB Annual Meeting held in Yokohama is Building Together the Prosperity of Asia as executives discuss solutions to achieving sustainable growth in the region

ANNUAL MEETING. ADB President Takehiko inspects the facilities of Pacifico Yokohama, the venue for ADB's 50th Annual Meeting. Photo from ADB

PH 2016 growth upgraded to 6.9%

Apr 07, 2017 - 7:04 PM

The major contributors for the upward revision in 2016 were Construction Mining and Quarrying and Other Services says the Philippine Statistics Authority

ADB upgrades PH growth forecast for 2016, 2017

Dec 13, 2016 - 8:25 PM

The Asian Development Bank sees the country s GDP growth hitting 6 8 this year instead of 6 4 and 6 4 next year instead of 6 2

PH making 'steady progress' on social protection – ADB

Nov 13, 2016 - 9:35 PM

The Asian Development Bank credits the country s cash transfer program and the expansion of PhilHealth for the improvement in the protection of its vulnerable citizens

ADB upgrades PH growth outlook to 6.4% for 2016, 6.2% for 2017

Sep 27, 2016 - 4:33 PM

The Asian Development Bank sees the Philippines as an economic bright spot with growth expected to pick up on continued consumption and expected reforms

OPTIMISTIC. Economists at the Asian Development Bank explain their projections for the Philippines and the rest of the region at the release of the update to its flagship report held on September 27 at its headquarters in Mandaluyong. Photo by Chris Schnabel/Rappler

Youth develop community-based solutions at ADB forum

Aug 15, 2016 - 11:37 AM

After a weeklong immersion youth participants at the Asia Pacific Youth Exchange Forum came up with innovative community based solutions focusing on the sustainable development goals

PROGRAM WINNERS. Aaron Lopez (L), Nisa Vidya Yuniarti (C), Jethro Jungco (R). Photo by Paco Tantoco/Rappler

E-trike project still on but 'refinements' in plan needed

Aug 10, 2016 - 6:24 PM

NEDA says the Department of Energy has to present its final and confirmed action plan on the 504 M project to the Investment Coordination Committee

ADB: Asia's developing economies unscathed despite Brexit, weak US

Jul 18, 2016 - 3:05 PM

The ADB s latest growth forecast for the region is down by just 0 1 for 2016 as it expects the Brexit s impact in the short term to be minimal

epa05132561 Filipinos work at a building construction site in Pasay city, south of Manila, Philippines, 29 January 2016. The Philippine economy grew at a 'respectable' 5.8 per cent in 2015, a slower rate than the previous year and missing the government's annual target, an official said 28 January 2016. Although still expected to be among the fastest in the region, gross domestic product (GDP) growth was slower than the administration's target of 7 per cent to 8 per cent, and down from 2014's expansion of 6.1 per cent. EPA/MARK R. CRISTINO

A Filipino farmer’s plea: ‘Support us, love us’

Jun 27, 2016 - 12:56 PM

In a forum hosted by the Asian Development Bank farmers talk about the problems they face and the possible solutions that government and public sector can do

'Are we eating right?' Experts tackle food production and nutrition

Jun 26, 2016 - 6:55 PM

Advocates emphasize the importance of making sure that quality – not just quantity – of food is addressed to fight malnutrition

SUFFICIENT AND SAFE. During the Asian Development Bank (ADB)’s Food Security Forum, keynote speaker Marco Ferroni discusses the significance of food safety, quality, and nutrition. Photo by Rendell Sanchez/Rappler

Use of data and technology to solve food security issues - experts

Jun 24, 2016 - 4:41 PM

Experts say getting politicians to understand data and technology will help them implement evidence based policies that will benefit the people

File photo by Rappler

National ID to benefit unemployed, unbanked Filipinos

May 24, 2016 - 7:07 PM

The majority of unbanked Filipinos are unemployed A national ID would remove a key barrier to opening a bank account that would allow them to fully enjoy financial technology

A slowing China brings growing concerns

Apr 19, 2016 - 10:30 AM

Leaders should recognize that it is a transparently enforced rule of law – not looking the other way on enforced disappearances – that will be essential for business confidence and economic growth in the long run

epa05169711 A Chinese vegetable vendor hands a customers her goods at a market in Beijing, China, 19 February 2016. Chinese producer prices continued to drop in January while consumer prices edged up, according to official figures released 18 February. The producer price index, which measures the cost of goods at wholesale level, dropped 5.3 per cent year-on-year in January for the 47th straight month of decline while consumer price index, which measures retail inflation, grew 1.8 per cent in January from one year earlier, up slightly from December's 1.6-per-cent increase, the National Bureau of Statistics said. EPA/HOW HWEE YOUNG

China overcapacity darkens Asia's 2016 growth prospects – ADB

Mar 30, 2016 - 10:35 PM

The Asian Development Bank cuts its prediction for Asia s growth to 5 7

epa05187578 (FILE) A file photo dated 04 June 2007 showing workers transporting steel cables at a steel yard in Beijing, China. China plans to cut 1.8 million jobs in the coal and steel industries, officials said 29 February 2016, to reduce industrial overcapacity. The figures mean around 15 per cent of the workforce in each sector would lose their jobs. The government would provide 100 billion yuan (15 billion dollars) in total to support the redundant workers, Yin added. He did not give a timeframe for the redundancies, but the State Council said this month it would shut down 100 million to 150 million tons of low-end steel capacity and 500 million tonnes of coal production within three to five years. China's industrial overcapacity, particularly in the steel sector, poses an increasing threat to world economies, according to a recent report by the European Union Chamber of Commerce in China. Around 1.3 million of the layoffs are expected to come from the coal industry while around 500,000 will come from the iron and steel sectors, according to Yin. EPA/MICHAEL REYNOLDS

Tough global environment drags ADB's PH growth forecast

Mar 30, 2016 - 12:05 PM

ADB says private consumption will still be the main driver of the Philippine economy in 2016 although the impact of El Niño might set it back

LOWERS FORECAST. Philippine economic growth is projected to pick up with higher investment and consumption

ADB backs first 'climate bond' issuance in Asia-Pacific

Feb 29, 2016 - 8:40 PM

The P10 7B Aboitiz led bond will be boosted by a direct ADB loan of P1 8B for the development of the Tiwi MakBan facilities

REFURBISHING. The money raised for the bonds will go to the development of APRI's Tiwi-Makban geothermal facilities. The MakBan geothermal facility (pictured) located in Sto Tomas Batangas currently has 10 operating units while the Tiwi Geothermal Power located in Albay has 4 operating units.  Both geothermal facilities have a combined generating capacity of 390 megawatts. Photo from AboitizPower's website.

How to boost female labor force participation in Indonesia

Feb 19, 2016 - 2:45 PM

Indonesian women remain notably underrepresented in leadership and management positions

Vendors selling vegetables and fruits in Indonesia. Photo from ADB

Tourism an inclusive business opportunity for PH

Feb 19, 2016 - 1:36 PM

Tourism is uniquely suited to creating widespread social impact Two homegrown firms show how to take advantage of it

Inclusive business now just 'good business'

Feb 17, 2016 - 8:29 PM

Firms with a cause are increasingly using their models to scale up generating investor interest and changing the world at the same time and there is huge potential for them in the Philippines says global experts

INCLUSIVE SHIFT. Experts discuss the changing investors changing mindsets towards inclusive businesses at the a discussion that opened ADB's 2nd Inclusive Business Asia Forum on February 17. (from left) Ferdinand de la Cruz - COO Manila Water, Heekyung "Jo" Min executive Vice President Creating shared Value- Cj Group, Dr. Dilip Kulkarni - President of Sustainable Agriculture- Jain Irrigation, Lito Camacho of Credit Suisse and Eriko Nishikawa of IFC. Photo by Chris Schnabel/Rappler

ADB umumkan pendanaan $10M bagi Indonesia

Feb 12, 2016 - 1:28 PM

ADB juga memuji paket ekonomi yang diumumkan pemerintah Indonesia Kamis 11 Februari

Experts warn turbulent fiscal year for Indonesia

Jan 20, 2016 - 8:29 PM

What is really needed not only in 2016 but going forward are new sources of growth more diverse growth to create a more diverse economy

FORECAST. 2016 may be a turbulent fiscal year for Indonesia, says experts. Photo by AFP

ADB launches campaign for youth involvement in SDGs

Jan 16, 2016 - 6:20 PM

A campaign by the Asian Development Bank Youth Initiative hopes to encourage the youth to contribute to the success of the Sustainable Development Goals in big and small ways

YOUTH ENGAGEMENT. The Asia Development Bank Youth Initiative's campaign to make 2016 the Year of the Youth for the Global Goals hopes to encourage the youth to contribute to the success of the Sustainable Development Goals

PH to join China-led bank amid sea dispute

Dec 30, 2015 - 1:57 PM

UPDATED Joining the China led AIIB eventually means more jobs and better businesses Finance Secretary Cesar Purisima says

ESTABLISHING. Chinese Finance Minister Lou Jiwei (L) gives a speech with the guests of the signing ceremony of the Asian Infrastructure Investment Bank in the Great Hall of the People in Beijing, China, 24 October 2014. File Photo EPA/Takaki Yajima / POOL

PH's economic zones yet to benefit from spillover – ADB

Dec 08, 2015 - 8:30 PM

The success in ASEAN is also limited largely due to lack of linkages to the wider economy

SPILLOVERS. While the Philippines has been able to attract foreign direct investments in its zones, it "still needs to enhance benefits of technological spillovers and agglomeration – especially since enacting its more comprehensive 1995 Special Economic Zone policy," the Asian Development Bank (ADB) says. Image from ADB's website