The Philippines is expected to have the fastest growth rate in Southeast Asia, but the Asian Development Bank (ADB) has maintained its economic growth projections for both this year and next. The international lender stated in its December Asian Development Outlook reports that it anticipates the Philippine economy to grow by 5.7 per cent this […]
A report from the Asian Development Bank (ADB) entitled “Alternative Accommodations in Southeast Asia” revealed that there is now a need for Southeast Asian nations like the Philippines to enhance and legitimize the governance of substitute lodging options while streamlining online registration procedures and licensing standards for this expanding industry. These suggestions were included in […]
The Asian Development Bank (ADB) has approved a US$400 million loan to help the Philippines achieve its medium-term fiscal strategy and finance its post-pandemic economic recovery through a stronger focus on revenue mobilization, including modernizing tax administration, systems, and processes. IMAGE CREDIT: https://www.eco-business.com/ The Domestic Resource Mobilization (DRM) Program Subprogram 1 is ADB’s first policy-based […]
The Asian Development Bank (ADB) has approved a US$300 million policy-based loan to support the Philippine government in creating a stronger institutional and policy environment to help expand Filipinos’ access to financial services, particularly the vulnerable segment of the population, and to promote economic growth. ADB is helping expand Filipinos’ access to financial services. (IMAGE […]
By Jan Michael Carpo, Reporter The Asian Development Bank (ADB) has reduced its economic growth forecast for the Philippines in 2023 due to rising prices and outside challenges. In its “Asian Development Outlook September 2023 report,” the ADB stated that it is lowering its growth forecast for the country to 5.7 percent this year — […]
