The Philippine government has endorsed an Asian Development Bank (ADB)-supported roadmap to overhaul how public funds are planned, spent, and monitored, marking a major step toward improving service delivery and strengthening accountability across government.
The Asian Development Bank and the Korea Energy Agency will convene regional policymakers, investors, and energy experts in Mandaluyong City next month as rising geopolitical tensions and surging electricity demand intensify pressure on Asia’s energy systems.
The Asian Development Bank pledged to mobilize USD30 billion by 2030 to help Southeast Asian economies strengthen resilience, accelerate regional integration and cushion the impact of mounting geopolitical and economic shocks.
Despite a sharp rise in April inflation and mounting external risks, the Philippines remains “on the right track,” according to Asian Development Bank chief economist Albert Park, who spoke to CNBC during the lender’s annual meeting in Uzbekistan on Tuesday.
The Asian Development Bank (ADB) has launched a new financing facility aimed at helping countries in Asia and the Pacific move up the value chain in critical minerals, a sector seen as central to clean energy, electric vehicles, and digital technologies.
The Department of Trade and Industry (DTI) said Wednesday that the proposed plant would have an initial annual production capacity of 200,000 units, serving both domestic and export markets. Construction is targeted to begin in the first quarter of 2027, with completion expected within 12 to 18 months.
The Department of Trade and Industry (DTI) has opened a P2.41 million coconut oil processing facility in Tangub City, Misamis Occidental, in a bid to help local farmers capture more value from their harvests and expand the province’s coconut-based industries.
MediCard has launched MedGo, a digital healthcare platform designed to streamline member services, with automated processing reducing approval times for certain medical authorizations to less than three seconds.
Duty Free Philippines has opened a store at Bohol-Panglao International Airport, expanding retail options for eligible international travelers as the airport operator seeks to strengthen commercial services and support the province’s tourism industry.