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ADB, iSON ink deal to boost Philippines digital connectivity
MANILA, March 4 (Xinhua) -- The Asian Development Bank (ADB) said Monday that it has signed a 2.4 billion pesos (42.85 million U.S. dollars) loan with the telecom towers building and managing company iSON Tower Limited Inc. as part of a ADB-led co-financing package to enhance digital connectivity in the Philippines. The loan will support the construction, development, and operation of 800 shared telecommunicatio.....»»
ADB, iSON ink deal to boost Philippines digital connectivity
MANILA, March 4 (Xinhua) -- The Asian Development Bank (ADB) said Monday that it has signed a 2.4 billion pesos (42.85 million U.S. dollars) loan with the telecom towers building and managing company iSON Tower Limited Inc. as part of a ADB-led co-financing package to enhance digital connectivity in the Philippines. The loan will support the construction, development, and operation of 800 shared telecommunicatio.....»»
ADB approves 655,000 USD to help Philippine rural banks digitization
MANILA, Feb. 19 (Xinhua) -- The Asian Development Bank (ADB) on Monday said it will provide grants totaling 655,000 U.S. dollars for the digitization of nine rural banks and a bank consortium in the Philippines. The grants are part of ADB's Fintech for Inclusion Transformation (FIT) program. The grant awardees were chosen from among rural banks nationwide serving women, farmers, fisherfolk, and micro, sma.....»»
ADB approves 655,000 USD to help Philippine rural banks digitization
MANILA, Feb. 19 (Xinhua) -- The Asian Development Bank (ADB) on Monday said it will provide grants totaling 655,000 U.S. dollars for the digitization of nine rural banks and a bank consortium in the Philippines. The grants are part of ADB's Fintech for Inclusion Transformation (FIT) program. The grant awardees were chosen from among rural banks nationwide serving women, farmers, fisherfolk, and micro, sma.....»»
ADB approves USD 100 mln loan to support small and medium-sized enterprises in Sri Lanka
Manila [Philippines], March 19 (ANI): The Asian Development Bank (ADB) has approved a USD 100 million loan to provide small and medium-sized enterprises (SMEs) in Sri Lanka more access to finance and build their resilience to external shocks, such as the economic crisis and climate change. SMEs play a critical role in Sri Lanka's economy, contributing 52 per cent to the country's gross domestic product and employ 45 per c.....»»
Young voters care about climate change. Politicians don t
Young people want action on climate change but research shows Indonesia's political class isn't listening. Climate change matters a lot to young Indonesians. Several national surveys show that Generation Z and Millennials are concerned about the impact of climate change on their lives. Politicians, however, appear to be ignoring the issue if their pu.....»»
ADB urged to boost climate financing to $11.5 billion
The Asian Development Bank (ADB) needs to ramp up its climate financing to at least $11.5 billion annually as vulnerable economies continue to take the hit of the impact of worsening climate change......»»
FACT CHECK | VP Sara Duterte did not return her 2022 confidential fund
Vice President Sara Duterte has not returned her confidential fund to government treasury, contrary to a video posted on YouTube. Reports that Duterte spent in just 11 days in December 2022 a confidential fund amounting to P125 million from the contingency fund of the Office of the President drew widespread criticisms and demands for an […].....»»
SSS taps Metrobank to manage P1.5 billion fund
Social Security System (SSS), the state-pension fund, has selected Metrobank Trust, the trust banking arm of the Ty-led Metropolitan Bank & Trust Co. (Metrobank) to manage a P1.5 billion balanced fund......»»
Canada gives Philippines P1.1 billion aid for climate, healthcare efforts
Canada has announced some P1.1 billion in development assistance for the Philippines to support the latter’s efforts in climate adaptation, resilience against natural disasters and improved health care services......»»
Philippines 10-year nuclear plan ‘too late,’ says climate analyst
The long-term nuclear plan outlined by the Department of Energy is “too long, too late” due to the climate emergency, a climate analyst said, suggesting instead the prioritization of building renewable energy facilities......»»
Job insecurity, climate change pose challenges in Philippines human development – UNDP
The lack of job security and the high exposure to climate and disaster risks are seen as challenges to the country’s economic growth and human development, making it necessary to make investments in climate resilience and education, according to the United Nations Development Program......»»
Philippine calls for stronger action on climate change
Trade Secretary Alfredo Pascual has called for stronger sustainable trade and development initiatives to address climate change during the second ministerial meeting of the Coalition of Trade Ministers on Climate on the sidelines of the 13th World Trade Organization ministerial conference in Abu Dhabi, United Arab Emirates......»»
Belmonte, Binay call for climate action funding from development banks
The C40 coalition of cities, a network of nearly 100 mayors, asked MDBs to increase urban climate investment, integrate urban climate action into their strategies, and implement tailored programs to support city projects. .....»»
Marcos Jr. urges developed states to rectify climate injustice
Developed countries should do more and act immediately to rectify climate “injustice,” President Marcos said yesterday, as he called for a multilateral approach to pushing back climate change......»»
Climate talk: Marcos s contradictory policies on reclamation, energy, mining
AS ALL eyes are on the COP28 conference in Dubai, reports in the country continue to highlight climate change and environmental concerns; in the process exposing the Marcos administration's policy directions on climate issues as inconsistent, even contradictory.Timely reports on reclamation, energy, and mining flag the problems that persist. Media coverage reveal that the Marcos administration's policy direction.....»»
Climate talk: Marcos s contradictory policies on reclamation, energy, mining
AS ALL eyes are on the COP28 conference in Dubai, reports in the country continue to highlight climate change and environmental concerns; in the process exposing the Marcos administration's policy directions on climate issues as inconsistent, even contradictory.Timely reports on reclamation, energy, and mining flag the problems that persist. Media coverage reveal that the Marcos administration's policy direction.....»»
ADB lends P2.4 billion to iSON for buildup of telco towers
The Asian Development Bank is extending P2.4 billion in loans to iSON Tower Limited Inc. to bankroll the construction and operation of 800 shared telecommunication towers in the country......»»
Recto pitches Maharlika fund to Australians
Finance Secretary Ralph Recto encouraged Australian businesses to invest in the country’s first sovereign wealth fund, noting that the Philippines has pro-business policies in place......»»
New Board Members for UN Voluntary Trust Fund for Victims of Trafficking in Persons Announced
Vienna, 2024: The latest board of trustees of the UN Voluntary Trust Fund for Victims of Trafficking in Persons (UNVTF) has been established. The board is now constituted of:The five anti-human trafficking experts, representing the five UN Regional Groups, were appointed by the UN Secretary General Antonio Guterres to provide strategic guidance to the Trust Fund over th.....»»