the Asian Development Bank - updates

Rappler's latest stories on the Asian Development Bank

ARTICLE FINDER

Duterte's infrastructure push gets $400-million boost from ADB loan

May 26, 2020 - 4:20 PM

This new loan brings the Asian Development Bank's total lending to the Philippines to $2.1 billion so far in 2020

ADB eyes another $125-million project to strengthen PH health care during pandemic

May 11, 2020 - 7:06 PM

If approved, the project will provide funds for 2 new labs, training of lab technicians, and construction of isolation wards

INCREASE TESTING. Philippine Coast Guard medical technologists prepare to test possible COVID-19 patients at a newly installed swabbing center at the Palacio de Maynila tent along Roxas Boulevard in Manila on May 5, 2020. Photo by Ben Nabong/Rappler

Asia-Pacific economies seen to face $211-billion hit from coronavirus

Mar 06, 2020 - 3:30 PM

S&P Global Ratings expects the Asia-Pacific region to grow 4% in 2020, which would be the worst performance since a contraction in 2008 caused by the global financial crisis

Pedestrians, wearing facemasks amid concerns over the spread of the COVID-19 novel coronavirus, walk down an elevated walkway in Bangkok on March 4, 2020. (Photo by Lillian SUWANRUMPHA / AFP)

Metro Manila 'most congested city' in developing Asia

Sep 26, 2019 - 5:10 PM

Aside from the extreme congestion in Metro Manila, the Asian Development Bank says too many government agencies have overlapping functions

Bumper-to-bumper traffic is seen in front of the Iglesia ni Cristo Church along Commonwealth Avenue in Quezon City on Tuesday. A portion of the thorough fare from Sandiganbayan to Litex is closed for the whole day due to a medical mission by the INC. Photo by: JOEL LIPORADA

Philippines, ADB sign $1.3-B loan deal for Malolos-Clark Railway

Jul 11, 2019 - 5:25 PM

The Malolos-Clark Railway is seen to cut travel time from Manila to the Clark International Airport to less than an hour

RTVM screenshots

'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

#ThewRap: Things you need to know, April 12, 2018

Apr 12, 2018 - 10:05 AM

Hello! Here are the stories you shouldn't miss this Thursday.

WAR ON DRUGS. A dead body with a sign board lays on the road in Tondo, Manila on July 28, 2016. File photo by Alecs Ongcal/Rappler

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

$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

Don’t just build health infrastructure – make it SMART

Sep 05, 2017 - 4:30 PM

If we want to ever achieve UHC in developing Asia and the Pacific our future health infrastructure must be built SMART

BEING SMART. More digital health interventions are needed to improve the quality of care in SMART facilities. Photo by Lester Ledesma for ADB

ADB warns climate change 'disastrous' for Asia

Jul 14, 2017 - 1:10 PM

Unabated climate change threatens to undo many of the development advancements of the last decades not least by incurring high economic losses says a report from the Asian Development Bank

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

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

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

Under Duterte, is PH economy in good hands?

Jan 26, 2017 - 4:20 PM

Growth momentum is there until 2017 but beyond that the management of the new leader Duterte will have a key role says the senior economist at ING bank

MOVING FORWARD. Aquino turned over an economy to Duterte that has benefited from reforms in governance and transparency. How will the economy fare under Duterte? Rappler graphics

Lanao del Sur forms council to manage river basin

Jan 13, 2017 - 7:05 PM

Lanao del Sur governor Soraya Adiong says failure to protect the lake will have a negative impact not only on the lives of the Maranaos but all Mindanaoans

File photo from the DENR website

Can we end poverty in the Philippines through cash transfers?

Dec 20, 2016 - 1:00 PM

Recent poverty reduction in the Philippines is certainly encouraging but there is still a lot of work to do

Children of CCT beneficiaries must attend school. Photo courtesy ADB

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

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

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

Leveraging conditional cash transfers for universal health coverage

Mar 07, 2016 - 5:00 PM

Conditional cash transfers CCT are a stepping stone to universal health coverage not just help for individual families

A CCT beneficiary shows his card. Photo courtesy ADB

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.

Closing Asia's infrastructure gap

Feb 29, 2016 - 4:23 PM

We need to close the infrastructure gap and we can do it by engaging the private sector

‘ADB is cofinancing with a syndicate of Philippine banks the expansion of Mactan Cebu International Airport's passenger terminals.’ Photo credit: ADB

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

Rappler Talk: Will PH and China improve ties in 2016?

Jan 08, 2016 - 12:55 PM

The Philippines tense relationship with China appeared to thaw in late 2015

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

China Bank to open 11 branches in December

Nov 28, 2015 - 9:51 AM

Retail and banking magnate Henry Sy’s China Bank expects to close 2015 with 508 branches including those of China Bank Savings and Planters Development Bank

BEEFING UP. China Bank will open branches in Makati, Quezon City, and San Juan in December

PH, Japan sign $1.99B loan for North-South commuter railway

Nov 28, 2015 - 7:30 AM

This marks the largest loan package of the Japanese government to a development partner

FIRST SLICE. The North-South Railway (Malolos-Tutuban) deal is recognized as one of the priorities in the 2011-2016 Philippine Development Plan. In the photo are (from left) DOTC Secretary Jun Abaya, Finance Secretary Cesar Purisima, and JICA's Noriaki Niwa. Photo by Chrisee Dela Paz/Rappler

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

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