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

DOE gets 27% discount on 3,000 e-trikes

Dec 06, 2015 - 11:15 PM

The only bidder in the government’s e trike program agrees to lower the price and may lower it further still

ADB trims 2015 PH growth forecast to 5.9%

Dec 03, 2015 - 8:05 PM

The Asian Development Bank slightly revises its forecast due to the massive exports drop in the last 3 quarters of 2015

FORECASTS. The ADB's growth forecast for the Philippines next year is maintained though at 6.3%, despite trimming 2015's forecast to 5.9%. File photo from EPA

Penurunan suku bunga diprediksi dorong pertumbuhan obligasi

Nov 26, 2015 - 6:14 PM

Investor akan terdorong untuk mencari instrumen investasi lain yang memberikan imbal hasil lebih tinggi dibandingkan deposito

RUPIAH. Seorang pekerja menghitung uang di tempat penukaran uang di Jakarta, 12 Agustus 2015. Rupiah kembali melemah pada perdagangan Jumat, 16 Oktober. Foto oleh Bagus Indahono/EPA

ADB, Japan to pour $16B for infra in Asia and the Pacific

Nov 21, 2015 - 4:37 PM

The 16 billion investment will also contribute to the expansion of climate financing for developing countries in Asia and the Pacific

BOOST APEC INFRA. ADB and Japan cofinanced Indonesia's Sarulla Geothermal Project. Photo by Sarulla Operations Limited

2 years after Yolanda: Learning from disaster

Nov 07, 2015 - 3:00 PM

A robust system to monitor progress is needed to enable effective communication about recovery Without it conflicting messages and directions can lead to confusion rather than clarity

ADB to help finance PH's largest wind farm

Nov 07, 2015 - 9:54 AM

ADB says the Burgos wind farm will provide a shot in the arm to the government’s push to diversify its energy sources and reduce harmful greenhouse gas emissions

REDUCE GAS EMISSIONS. The operation of this farm will avoid the production of over 200,000 tons of carbon dioxide equivalent emissions a year. Photo from Asian Development Bank

DFA defends ‘immunity’ for Chinese murder suspects

Oct 23, 2015 - 9:19 PM

The Supreme Court in a ruling in 2000 however says ‘the DFA’s determination that a certain person is covered by immunity…has no binding effect in courts’

CHINESE SUSPECTS. Two Chinese nationals, a consular officer (L) and her husband (R, with handcuffs), suspects in the shooting of Chinese consul general Song Ronghua at a restaurant, talk to an interpreter (C) at a police station in Cebu City, central Philippines on October 21, 2015. Photo by AFP

Neighbors catching up with PH as ASEAN integration looms

Oct 16, 2015 - 11:06 AM

Countries like Vietnam are rapidly catching up with the Philippines which needs to strengthen its manufacturing and its banks as competition for investment intensifies

ADB to double annual climate financing to $6 billion

Sep 26, 2015 - 6:12 PM

Nowhere is tackling climate change more critical than in Asia and the Pacific where rising sea levels melting glaciers and weather extremes like floods and droughts are damaging livelihoods and taking far too many lives says Asian Development Bank president Takehiko Nakao

File photo from EPA

PH economy still a bright spot in Asia - ADB

Sep 23, 2015 - 7:50 AM

Asian Development Bank’s latest report shows that the country’s growth prospects are the opposite of the rest of Asia which faces its slowest growth since the turn of the millennium

What happened 5 years after PH phased out incandescent bulbs?

Sep 04, 2015 - 5:00 PM

Most countries have followed the example of the Philippines not through complicated laws but because the market simply doesn’t buy inefficient incandescent bulbs anymore

File photo of compact fluorescent lamps from ADB.

Policymakers urged to help SMEs enter global value chains

Sep 04, 2015 - 4:04 PM

The entry of more SMEs into global production chains can help develop competitive sectors throughout ASEAN the Asian Development Bank says

Helping SMEs get financing key for Asia's continued growth – ADB

Sep 02, 2015 - 10:04 PM

Lending to SMEs has declined over the course of the global financial crises of 2008 and 2014 the Asian Development Bank says

We need to 'idiot proof' our roads – business group

Aug 27, 2015 - 5:20 PM

A short term traffic solution is to appoint a traffic czar devoted to fixing road congestion the Management Association of the Philippines says

Palace to Binay: Pro-poor funds for safety nets, not Viagra

Jul 18, 2015 - 11:38 PM

Malacañang issues the statement after the Vice President alleged that some of the beneficiaries of its flagship anti poverty program are not really poor

REDUCING POVERTY. President Benigno Aquino III aims to include more poor families into the administration's CCT program. File photo

ADB maintains growth forecast for PH

Jul 16, 2015 - 6:07 PM

The Asian Development Bank retains its growth assumptions for the country at 6 4 in 2015 and 6 3 in 2016