Topic

Asian Development Bank

The Asian Development Bank (ADB) plays a significant role in various infrastructure and development projects in the Philippines, including the Ninoy Aquino International Airport (NAIA) privatization and the Bataan-Cavite Interlink Bridge. Recently, the ADB has also supported social programs such as the 'Walang Gutom' Food Stamp Program and provided loans for infrastructure development, while facing scrutiny over its involvement in privatization deals. Its new country director, Andrew Jeffries, emphasizes a focus on economic growth, quality infrastructure, and disaster resilience in the Philippines.

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This is an AI-generated summary based on recent coverage. It was last updated on Wed, September 10, 2025 at 5:15 AM

Latest Stories

Recent developments on Asian Development Bank

Wed, September 10, 2025 at 8:56 PM

DOE, ADB prepare P250M geothermal de-risking facility

A $250 million geothermal de-risking facility is being prepared by the Department of Energy (DOE) in collaboration with the Asian Development Bank (ADB) and the Department of Economy, Planning and Development (DEPDev).

Tue, September 9, 2025 at 1:42 PM

Airport workers question ADB's role in NAIA privatization deal

A coalition of airport workers and stakeholders is asking the Asian Development Bank (ADB) to clarify its role in the Ninoy Aquino International Airport (NAIA) privatization deal, fearing higher passenger fees.

Sun, September 7, 2025 at 6:43 PM

Chiz Escudero wants lower flood control budget

Senate President Francis "Chiz" Escudero has proposed a significant reduction in the Department of Public Works and Highways' (DPWH) P250.8-billion budget for flood control projects next year, citing concerns over potential corruption.

Tue, August 26, 2025 at 4:57 PM

DOTr backs Naia PPP deal amid SC challenges

The Department of Transportation (DOTr) reaffirms its support for the public-private partnership (PPP) deal involving San Miguel Corp. (SMC) for the Ninoy Aquino International Airport (Naia), despite ongoing legal challenges at the Supreme Court.

Tue, August 19, 2025 at 5:00 PM

Dizon seeks private sector, int'l partners for NSCR

Transportation Secretary Vince Dizon is urging international partners and the private sector to invest in the North-South Commuter Railway (NSCR) project in the Philippines.

Mon, August 18, 2025 at 9:20 AM

ADB appoints Andrew Jeffries as new country director for the Philippines

Andrew Jeffries has been appointed as the new Country Director for the Philippines by the Asian Development Bank (ADB), effective August 18, 2025.

Wed, August 13, 2025 at 9:21 AM

ADB grants $400M loan for food stamp program

The Asian Development Bank (ADB) has approved a $400 million loan to the Philippines to support the expansion of the 'Walang Gutom' (Zero Hunger) Food Stamp Program.

Thu, July 31, 2025 at 3:47 PM

ODA portfolio up 6% to $39.61B in 2024

The Philippines' total official development assistance (ODA) portfolio increased by 6 percent to USD39.61 billion in 2024, according to the Department of Economy, Planning, and Development (DEPDev).

Mon, July 28, 2025 at 5:15 PM

Bataan-Cavite bridge construction to start by yearend

President Ferdinand "Bongbong" Marcos Jr. announced that the construction of the Bataan-Cavite Interlink Bridge is slated to commence before the end of 2025.

Wed, July 23, 2025 at 12:55 PM

Palace: US tariffs to have limited economic impact

Malacañang stated that the 19% US-imposed reciprocal tariff on Philippine exports will have limited effects on the country's economy, as confirmed by economists from ADB and CreditSights, and RCBC.