PH funds vs COVID-19 hit almost P1.5T in June

Ben O. de Vera 07/03/2021

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…

PH ‘sinking deeper and deeper’ into debt

Ben O. de Vera - Reporter / @bendeveraINQ 02/06/2021

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…

Fact: The gov’t has done a lousy job

Solita Collas-Monsod - @inquirerdotnet 09/19/2020

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…

$4B in additional loans for COVID-19 response underway

Ben O. de Vera 08/28/2020

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…

PH gets another $300-M loan from ADB

Ben O. de Vera 08/22/2020

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…

ADB sees slower economic growth for PH this year, but strong rebound expected in 2021

Irene R. Sino Cruz 04/03/2020

    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…

PH economy expected to continue growing

Irene R. Sino Cruz 09/19/2019

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…

Senate OKs on second reading resolution to ratify AIIB Treaty

11/30/2016

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…

Growth forecast cut on export slowdown

Marites Villamor Ilano 12/06/2015

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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