ADB approves $500M PH disaster resilience loan
The Asian Development Bank (ADB) has approved a $500 million policy-based loan to bolster the country’s disaster resilience and response capacity. The loan will support the Second Disaster Resilience Improvement Program, aimed at improving the country’s ability to manage natural hazards and health-related emergencies, ensuring quicker recovery and minimizing economic disruptions.
PSE acquires smaller stake in PDS, adjusts deal with BAP
The Philippine Stock Exchange (PSE) has reached a revised agreement with the Bankers Association of the Philippines (BAP) to purchase a smaller stake in the Philippine Dealing System Holdings Corp. (PDS), a key player in the country’s fixed income market.
SIDC Project on track to boost regional connectivity and economic growth
The Department of Public Works and Highways (DPWH) is progressing steadily on the P23.5 billion Samal Island-Davao City Connector (SIDC) Project, with completion slated for 2028.
21 RE projects qualify under GEA-3
The Department of Energy (DOE) on Wednesday announced that 21 renewable energy (RE) projects have qualified for the third round of the Green Energy Auction (GEA-3), signaling a significant shift in the nation’s energy landscape.
SMC cleans 93,000 tons of waste from Parañaque rivers
San Miguel Corporation (SMC) on Wednesday announced the removal of 93,000 tons of silt and waste from the Parañaque River system as part of an environmental cleanup effort aimed at improving water flow and addressing persistent flooding around Ninoy Aquino International Airport (NAIA).
