Tag: ADB

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ADB pledges $30B to help shield ASEAN economies

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.

ADB: Philippines stays course despite inflation surge

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. 

ADB launches financing facility to power critical minerals value

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.

ADB plans $70B investment on power, digital future

The Asian Development Bank (ADB) is ramping up investments in Asia and the Pacific with a USD70 billion push into energy and digital infrastructure through 2035, signaling a major shift toward regional connectivity as a driver of growth.

Philippines’ climate budgeting system gains regional traction

The Philippines’ Climate Change Expenditure Tagging (CCET) system is emerging as a regional benchmark as Southeast Asian governments move to treat climate risks as fiscal shocks and hardwire resilience into national budgets.

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Alex Eala’s Nike message becomes unstoppable dream manifesto

The phrase first appeared almost quietly, embroidered on the back of Alex Eala's visor during her breakthrough run at Wimbledon. They have followed her ever since, becoming as much a part of her game as the shadow swings she takes between points.

First Gen holds second Youth Climate and Energy Summit in Nueva Ecija

Clean energy firm First Gen Corporation has organized another leadership summit to help young students gain the knowledge and skills needed to tackle climate and energy challenges in their schools and hometowns.

World Bank approves P15.6B Philippine water security project

The World Bank Group has approved a USD268.6-million, or about P15.6-billion, water and sanitation project for the Philippines that is expected to create up to 46,500 jobs over the next 25 years while improving climate resilience in three island provinces.

DHSUD eyes stronger housing rollout after 575,000 homes

The Department of Human Settlements and Urban Development (DHSUD) said it will accelerate the government's housing program after delivering or facilitating 575,693 housing units in its first four years, putting the agency halfway toward its recalibrated target under the Marcos administration.

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