Biz environment for MSMEs better – ADB

Credit to Author: Anna Leah E. Gonzales| Date: Thu, 29 Oct 2020 16:26:37 +0000

The business environment for micro, small and medium enterprises (MSMEs) has moderately improved six months after the coronavirus pandemic broke out, but they still need state support to help them recover, surveys by the Asian Development Bank (ADB) showed. Shigehiro Shinozaki, ADB senior economist for economic research and regional cooperation department reported during the “Asian […]

Read more

ADB okays $125-M Covid response loan

Credit to Author: Anna Leah E. Gonzales| Date: Tue, 25 Aug 2020 16:25:25 +0000

The Asian Development Bank (ADB) has approved another loan to help the government improve the capacity of its health system to respond and control the spread of the coronavirus disease 2019 (Covid-19) in the country. In a statement on Tuesday, the Manila-based multilateral lender said the $125-million (P6.06-trillion) loan, called the “Health System Enhancement to […]

Read more

ADB approves $300-M financial inclusion loan

Credit to Author: Anna Leah E. Gonzales| Date: Fri, 21 Aug 2020 16:20:29 +0000

The Asian Development Bank (ADB) has approved a $300-million policy-based loan to support the government’s efforts to implement reforms in expanding Filipinos’ access to financial services. In a statement on Friday, the Manila-based multilateral lender said the new loan, called the “Inclusive Finance Development Program, Subprogram 2,” would support these reforms to help the government […]

Read more

65% of businesses forced to shut down temporarily

Credit to Author: Anna Leah E. Gonzales| Date: Mon, 27 Jul 2020 16:16:10 +0000

A survey conducted by the Asian Development Bank (ADB) conducted from April 28 to May 15, 2020 showed at least 65.9 percent of enterprises temporarily closed after the enhanced community quarantine (ECQ) took effect to contain coronavirus disease 2019 pandemic. Results of the ADB Philippine Enterprise Survey released on Monday also showed that 29.1 percent […]

Read more

ADB: Worst may be over for PH economy

Credit to Author: Anna Leah E. Gonzales| Date: Thu, 23 Jul 2020 17:15:53 +0000

The Asian Development Bank (ADB) expects the country’s gross domestic product to contract by as much as 5.3 percent this year, although it says there are encouraging signs that the worst may be over for the economy. In a virtual briefing on Thursday, ADB Country Director for the Philippines Kelly Bird cited the “ADB Outlook […]

Read more

ADB lending to local projects to hit $4.2B

Credit to Author: Anna Leah E. Gonzales| Date: Thu, 23 Jul 2020 17:11:32 +0000

The Asian Development Bank (ADB) said on Thursday the funds it would lend for various projects in the Philippines were seen to grow to a record $4.2 billion this year. In a virtual briefing, Kelly Bird, the Manila-based multilateral lender’s country director for the Philippines, said the figure would “be the largest ever for the […]

Read more

ADB extends $126-M loan to MWSS

Credit to Author: Jordeene B. Lagare| Date: Fri, 19 Jun 2020 17:11:37 +0000

The Asian Development Bank (ADB) announced on Friday it approved a $126-million loan to support the Metropolitan Waterworks and Sewerage System’s (MWSS) construction of a 15-kilometer (km) water transmission pipeline. In a statement, the Manila-based multilateral lender said the additional funding for the Angat Water Transmission Improvement Project would help strengthen the water system’s downstream […]

Read more

PH economy to now shrink nearly 4%

Credit to Author: Anna Leah E. Gonzales| Date: Thu, 18 Jun 2020 16:58:27 +0000

The Asian Development Bank (ADB) said on Thursday the Philippine economy was now forecast to contract by 3.8 percent this year due to consumption and investment weakened by the coronavirus disease 2019 (Covid-19) pandemic. In its “ADB Outlook 2020 Supplement” report, the Manila-based multilateral lender said it further lowered its economic projection from the previous […]

Read more

ADB: Huge RE investments to aid in recovery

Credit to Author: Jordeene B. Lagare| Date: Tue, 16 Jun 2020 17:12:54 +0000

Investing in nonconventional sources of energy would help the Asia Pacific weather the impact of the coronavirus disease 2019 (Covid-19) pandemic that has disrupted economies here and abroad, the Asian Development Bank (ADB) said on Tuesday. In a statement, the Manila-based multilateral lender said greater investment in clean energy infrastructure would contribute not only to […]

Read more

PH, ADB sign $200-M loan for social protection project

Credit to Author: Mayvelin U. Caraballo, TMT| Date: Thu, 30 Apr 2020 16:52:01 +0000

The Philippines has signed the previously announced $200-million loan agreement with the Asian Development Bank (ADB) aimed at boosting the government’s financing for its unconditional emergency cash assistance to poor and vulnerable households hit hard by the quarantine measures imposed to contain the coronavirus disease 2019 (Covid-19) pandemic. In a statement of Thursday, the Department of Finance said the […]

Read more