Tag: ADB

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ADB boosts funding, reforms to match region’s pace

The Asian Development Bank (ADB) ramped up both financing and reform in 2025, committing USD29.3 billion from its own resources as it positioned itself to respond faster to mounting economic uncertainty across Asia and the Pacific.

Middle East tensions, El Niño cloud Philippine growth outlook

Rising geopolitical tensions in the Middle East and the looming effects of El Niño are emerging as twin headwinds to Philippine growth, with remittances and inflation pressures forming a potentially volatile mix.

ADB downgrades Philippine growth outlook amid global risks

The Asian Development Bank (ADB) has trimmed its growth forecast for the Philippines, underscoring mounting global uncertainty driven largely by the ongoing conflict in the Middle East.

Prolonged Middle East conflict threatens Asia growth outlook

The Asian Development Bank (ADB) warned that a prolonged conflict in the Middle East could shave up to 1.3 percentage points off economic growth in developing Asia and the Pacific over 2026–2027, while pushing inflation higher by as much as 3.2 percentage points if energy disruptions persist for more than a year.

ADB unveils support package amid Middle East crisis

The Asian Development Bank (ADB) on Tuesday announced a broad financial support package aimed at helping developing member countries (DMCs) cushion the economic fallout from the escalating conflict in the Middle East.

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Honda expands Philippine manufacturing role after 10M milestone

Honda Philippines Inc. is looking to deepen its manufacturing role in the region after producing its 10-millionth motorcycle in the country, as the Japanese automaker positions its Philippine operations for further growth.

USDA raises 2026 Philippine pork output, import forecasts 

The Philippine hog sector is recovering faster than expected from African swine fever, but rising pork demand will keep the country heavily dependent on imports, according to the US Department of Agriculture.

Travellers expands theater footprint in Broadway of Asia push

Travellers International Hotel Group Inc. is expanding its live entertainment footprint as it seeks to position the Philippines as the “Broadway of Asia” and draw more visitors through theater, music and Filipino-led productions.

Court clears way for SOCOTECO II plebiscite on IGNITE deal

The Regional Trial Court in Polomolok, South Cotabato, has lifted a temporary restraining order (TRO) blocking the plebiscite on the proposed joint venture between South Cotabato II Electric Cooperative (SOCOTECO II) and IGNITE Power and Energy Holdings Inc., clearing the way for member-consumer-owners (MCOs) to vote on the deal.

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