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88% of Pinoys oppose Cha-cha – Pulse Asia
Public opinion on Charter change, which last year was roughly divided among Filipinos, is now largely skewed toward those opposed to changing the country’s Constitution, a survey conducted by Pulse Asia showed......»»
Most Filipinos reject Charter change, lifting foreign ownership restrictions
An overwhelming majority of Filipinos oppose changing the 1987 Constitution at this time, according to a new Pulse Asia Survey, with results showing Filipinos in all regions and all socio-economic classes did not support the lifting of foreign ownership restrictions in key industries......»»
ADB appoints Mio Oka as country director for India, pledges continued support for development
New Delhi [India], February 6 (ANI): The Asian Development Bank (ADB) has appointed Mio Oka as its new Country Director for India, succeeding Takeo Konishi, who has been elevated to the position of ADB Director General for South Asia at the Manila headquarters. According to ADB, in her new role, Oka will spearhead ADB's operations in India, forging partnerships with the government and other development stakeholders. She w.....»»
AUB profit hits record high in 2023
Rebisco-led Asia United Bank and its subsidiaries boosted earnings by 32 percent to a record high of P8.3 billion in 2023, from P6.3 billion in 2022......»»
PH Economy Remains Optimistic Amid Global Slowdown
The country is one of the fastest growing economies in East Asia and the Pacific according to the World Bank, foreseeing robust growth despite global economic slowdown. In the latest World Bank Global Economic Outlook report released on Tuesday, the Philippines is expected to maintain its economic growth rate in 2024 at 5.8%, slightly higher […].....»»
ADB raises $5 billion via dual bonds
The Asian Development Bank has raised $5 billion via a dual bond issuance to bankroll initiatives to promote social and economic development in Asia and the Pacific......»»
ADB Oks P17 million grant for financial integration
Manila-based Asian Development Bank has approved a $300,000 (P16.62 million) technical assistance grant to support financial integration in the Philippines and other countries in Southeast Asia......»»
Asia and the Pacific Food Security Forum 2024: Addressing a regional crisis and fostering long-term resilience
Manila [Philippines], December 30 (ANI): In response to the escalating food crisis in the Asia-Pacific region, the Asia and the Pacific Food Security Forum 2024 is set to convene from April 8 to 12, 2024, at the Asian Development Bank (ADB) Headquarters in Manila, Philippines. This hybrid event aims to bring together stakeholders from diverse sectors to strategize and implement actions to mitigate the immediate challenges.....»»
AUB expands coverage of e-wallet platform
Rebisco-led Asia United Bank continues to push cross-border payments as it further expands the footprint of its electronic-wallet to more countries......»»
ADB sees Philippines posting fastest growth in Southeast Asia
The Asian Development Bank has kept its economic growth forecasts for the Philippines for this year and next year, but expects the country to have the highest growth rate in Southeast Asia......»»
World Bank drives COVID-19 recovery in East Asia, Pacific with USD 1.9 billion commitment and vaccination success
New Delhi [India], December 9 (ANI): Countries in East Asia and the Pacific (EAP) were among the first and hardest hit by the COVID-19 pandemic. In response, the World Bank swiftly executed a comprehensive strategy, channelling funds into emergency operations, training medical staff, and reinforcing national public health systems. This approach included reallocating existing project resources, triggering emergency compone.....»»
World Bank drives COVID-19 recovery in East Asia, Pacific with USD 1.9 billion commitment and vaccination success
New Delhi [India], December 9 (ANI): Countries in East Asia and the Pacific (EAP) were among the first and hardest hit by the COVID-19 pandemic. In response, the World Bank swiftly executed a comprehensive strategy, channelling funds into emergency operations, training medical staff, and reinforcing national public health systems. This approach included reallocating existing project resources, triggering emergency compone.....»»
Philippines spearheads digital banking raevolution in SEA says Maya
Maya – awarded as the Best Digital Bank in Southeast Asia by the World Digital Bank Awards and recognized by Forbes Magazine as among the World’s Best Banks – stands out as a trailblazer in the region......»»
Women seen playing bigger role in AsPac
Asia and the Pacific countries are urged to enable women to play a bigger role in infrastructure development by integrating gender considerations in the design of infrastructure to promote inclusive growth, according to the Asian Development Bank.....»»
Asian Development Bank appoints Yingming Yang as Vice-President for key Asian regions
Manila [Philippines], November 21 (ANI): The Asian Development Bank (ADB) has announced the appointment of Yingming Yang as Vice-President for South, Central, and West Asia, marking a stride in bolstering its leadership team. As per ADB, Yang, an experienced figure with over 30 years of expertise in economic development, will undertake this pivotal role for a tenure of three years. In his capacity as vice president, Yang.....»»
Bill Melinda Gates Foundation fuels ADB s sanitation drive with USD 8 million boost
Manila [Philippines], November 16 (ANI): The Asian Development Bank (ADB) is set to intensify its efforts to enhance sanitation infrastructure and services in Asia and the Pacific, thanks to a USD 8 million replenishment from the BillMelinda Gates Foundation to the Sanitation Financing Partnership Trust Fund. According to a report by ADB, since its inception in 2013, the trust fund has played a crucial role in leveraging.....»»
AUB 9-month profit hits record-high
The profit of Asia United Bank jumped by 32 percent to a record P6.1 billion from January to September compared to last year’s P4.6 billion on sustained business volume and margin growth, and higher non-interest income......»»
Infrastructure lack, environment impact hinder e-commerce growth
The e-commerce market in Southeast Asia is expected to continue to grow, but challenges such as the lack of infrastructure and environmental impact need to be addressed for the sector’s sustainable and inclusive development, the Asian Development Bank said......»»
Xinhua Asia-Pacific news summary at 1600 GMT, Oct. 26
MANILA -- The Philippine central bank decided on Thursday to take off-cycle action to raise the bank's target reverse repurchase rate by 25 points to 6.50 percent and the interest rates on the overnight deposit and lending facilities to 6 percent and 7 percent, respectively. "The Monetary Board recognized the need for this urgent monetary action to prevent supply-side price pressures from inducing additional sec.....»»
Green jobs needed for shift to low carbon economy – ADB
Asia-Pacific countries should prepare their workforce for green jobs as the region transitions to a low-carbon economy by conducting labor market forecasts and analysis, as well as addressing gaps in the education system, according to the Asian Development Bank......»»