Tag: ADB

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Prolonged Middle East conflict threatens Asia growth outlook

Banking & Insurance Context.ph Context.ph -
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

Energy & Mining Context.ph Context.ph -
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.

DTI backs P1.75B fintech boost for MSMEs

Economy Context.ph Context.ph -
The Department of Trade and Industry (DTI) is betting big on fintech to unlock long-standing credit bottlenecks for micro, small, and medium enterprises (MSMEs), welcoming a P1.75-billion digital credit facility as a potential game changer for grassroots businesses.

 ADB commits USD500M to Philippines’ Blue Economy

Agriculture Context.ph Context.ph -
The Asian Development Bank (ADB) has approved a USD500 million policy-based loan to boost the Philippines’ blue economy, marking its first major cross-sector initiative focused on national marine development. 

ADB clears $400M loan to fuel Philippines’ business climate overhaul

Economy Context.ph Context.ph -
The Asian Development Bank has approved a USD400-million policy-based loan to drive government reforms aimed at positioning the Philippines as premier investment destination in Asia and the Pacific.
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Vingroup plans $500M EV plant in Philippines, EVIS role unclear

Mobility 0
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.

DTI opens P2.41M coconut oil processing facility in Misamis Occidental

Agriculture 0
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’s MedGo cuts eligible healthcare approvals to seconds

Education, Health & Science 0
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 expands retail presence at Bohol-Panglao airport

Travel & Tourism 0
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.

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