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MANILA, Philippines — The Department of Finance (DOF) on Sunday reiterated that multilateral loans in the pipeline to buy COVID-19 vaccines only amounted to $1.2 billion or about P58.5 billion to date, contrary to a senator’s erroneous…
MANILA, Philippines — When she was just 32 and a rising star in the business process outsourcing company where she works, “Rona” was offered a higher-paying position that would relocate her to its US headquarters. While she…
MANILA, Philippines — As presidential spokesperson Harry Roque Jr. wished rigor mortis on critics of the Duterte administration, the country’s economic managers scrambled to stop the economy itself from “sinking deeper and deeper” as President Duterte himself…
The Asian Development Bank (ADB) just came out with growth forecasts for the region as well as member countries. Developing Asia is to contract by 0.7 percent this year, and Developing Asia without the newly industrialized economies…
Our country has experienced negative growth for two quarters in a row in 2020 and is now technically in recession. In the first quarter of 2020, we contracted by 0.7 percent, and for the second quarter, the…
MANILA, Philippines — The Asian Development Bank (ADB) has green-lit another loan worth $200 million for its host-country the Philippines, this time to support the social amelioration program for poor households deemed vulnerable to COVID-19’s socioeconomic fallout.…
CEBU CITY—The Asian Development Bank (ADB) foresees a slower economic growth for the Philippines this year but projects a strong rebound in 2021. The ADB made this pronouncement in a new ADB report released today…
CEBU CITY, Philippines —Local governments in Cebu and other areas in the Visayas should be proactive in identifying projects for possible funding by the Asian Development Bank (ADB). Kelly Bird, ADB country director for the Philippines, said…
The Senate has adopted on second reading a resolution seeking its concurrence in the ratification of the Articles of Agreement of the Asian Infrastructure Investment Bank (AIIB). No senator objected when Senate Majority Leader Vicente “Tito” Sotto…
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