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The Philippines’ COVID-19 war chest inched up to $30.45 billion, or almost P1.5 trillion, as of last month, thanks to a P505-million vaccine donation from Australia, the Asian Development Bank (ADB) said on Friday. The updated ADB…
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…
At least a dozen more loans worth a total of $4.02 billion (over P195 billion) will be secured by the Philippines this year and in 2021 to finance response to and recovery from the health and socioeconomic…
Another loan worth $300 million has been extended by the Asian Development Bank (ADB) to the Philippines, its host-country, this time to make financial services more accessible to Filipinos. In a statement on Friday, the ADB said…
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—The outlook for the Philippine economy remains optimistic, said Joselito Bautista, acting Deputy director of the Department of Economic Research of the Bangko Sentral ng Pilipinas (BSP). “The Philippines economy is expected to remain one of…
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…
ADB revises forecast for Philippines to 5.9% this year The Asian Development Bank (ADB) has revised downward its growth forecast for the Philippines this year because of a slowdown in exports, but maintained its projection for 2016.…
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