The Asian Development Bank (ADB) committed USD24.3 billion from its own resources in 2024, alongside USD14.9 billion in co-financing from global partners, to tackle the most pressing development challenges across Asia and the Pacific.
The Asian Development Bank (ADB) has approved a USD1.45 billion loan package representing the second and final tranche of financing for the Malolos–Clark Railway Project (MCRP), a key infrastructure initiative under the Philippine government’s North–South Commuter Railway (NSCR) system.
The Asian Development Bank (ADB) has forecast that the Philippine economy will grow at a robust pace of 6.0 percent in 2025 and 6.1 percent in 2026, driven by strengthened domestic demand and sustained public investment. This growth follows a 5.6 percent expansion in 2024.
The Department of Public Works and Highways (DPWH) will create a “green lane” to speed up the completion of major infrastructure projects by prioritizing qualified and legitimate contractors.
The Philippines recorded a balance of payments (BOP) deficit of $373 million in January 2026, reflecting a shortfall in the country’s transactions with the rest of the world at the start of the year.
Leaders from the Philippines and Japan called for broader and more ambitious collaboration as the 42nd Joint Meeting of the Philippines-Japan Economic Cooperation Committee convened in Taguig City on February 19.