Tag: ADB

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ADB approves $1.45B MCRP loan in boost to economic connectivity

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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.

ADB forecasts strong Philippine growth, ‘Blue Economy” opportunities

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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.
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Makro secures four Ayala Land sites for expansion

Property 0
Makro Philippines is accelerating its Luzon expansion after securing four strategic sites from Ayala Land Inc., giving the wholesale retailer access to major growth corridors in Metro Manila and Southern Luzon.

Sugar imports only a market tool, not policy — DA chief

Agriculture 0
Agriculture Secretary Francisco P. Tiu Laurel Jr. clarified that sugar importation is not administration policy but a temporary tool to stabilize prices and supply, as the government prioritizes technology and innovation to build a stronger, self-reliant domestic sugar industry.

R&I affirms Philippines A- rating, stable outlook

Economy 0
Japan-based Rating and Investment Information, Inc. (R&I) has affirmed the Philippines’ A- investment-grade credit rating with a stable outlook, citing resilient economic fundamentals, improving fiscal conditions, and manageable external risks.

Ex-Transporation chief elected to San Miguel board 

Corporate Bulletins 0
San Miguel Corp. has elected former Transportation Secretary and Philippine Airlines president Jaime J. Bautista as an independent director, adding a veteran of the aviation, finance, and government sectors to the conglomerate’s board.

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