Tag: ADB

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ADB, World Bank unite to accelerate Pacific growth

Banking & Insurance Context.ph Context.ph -
The World Bank Group and the Asian Development Bank (ADB) have launched their first joint projects under an unprecedented co-financing model designed to accelerate development in the Pacific while cutting red tape for governments long burdened by lengthy, overlapping procedures.

ADB greenlights USD400M push to reform insurance sector

Banking & Insurance Context.ph Context.ph -
The Asian Development Bank (ADB) has approved a USD400 million policy-based loan to overhaul the Philippines’ insurance sector, with the goal of improving efficiency, encouraging broader participation, and fueling stronger economic growth.

Strong demand, mild inflation to sustain Philippine economy—ADB

Top News Context.ph Context.ph -
The Asian Development Bank (ADB) projects solid growth for the Philippines through next year, with its ability to navigate rough global waters underscored in the slight downward revision of its 2026 outlook.

ADB appoints Jeffries as Philippine director

Corporate Bulletins Context.ph Context.ph -
The Asian Development Bank (ADB) has appointed Andrew Jeffries as its new Country Director for the Philippines. He assumes his new role on Monday, August 18.

ADB OKs US$400M loan for Philippine food program

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The Asian Development Bank (ADB) has approved a USD400 million loan to help the Philippines combat hunger, food insecurity, and undernutrition—particularly among the country’s poorest households—as climate and disaster risks continue to escalate.
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SM Hotels Sweep Multiple Honors at Global Awards

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Two of SM Hotels and Conventions Corporation’s (SMHCC) flagship properties captured multiple accolades at the Haute Grandeur Global Awards 2026, cementing the group’s reputation as a leader in regional hospitality.

DOE, French firm push hydrogen power in PH

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The Department of Energy (DOE) and French firm Hydrogène de France Energy are optimistic about using hydrogen for cleaner energy generation in the Philippines.

House impeaches VP Duterte anew

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Vice President Sara Duterte was impeached anew by the House of Representatives on Monday, after 255 lawmakers endorsed the complaint resolution that will be transmitted to the Senate for trial. The total was more than double the minimum requirement of 106 votes and 40 higher than the 215 votes that backed a largely similar complaint last year, which was later stopped by the Supreme Court from proceeding to a Senate trial. During Monday’s vote, 26 lawmakers voted against the impeachment resolution, while nine abstained. Duterte was impeached over allegations of unexplained wealth, betrayal of public trust, graft, and misuse of confidential funds. The vote came shortly after a change in leadership in the Senate.

ACEN Australia unit reaches financial close for solar project

Energy & Mining 0
ACEN Corp. said its Australian subsidiary, Yindjibarndi Energy Corp. (YEC), has secured financial close for the Jinbi solar project in the Pilbara region, allowing construction to begin.

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