Philippines receives $2.5B loan from ADB

The Asian Development Bank (ADB) has lent some $2.5 billion support to the Philippines, the highest ever extended in a single year. On Friday, the...

Philippine central bank pauses rate cuts on benign inflation

The Philippine central bank on Thursday held interest rates steady at its last monetary policy meeting for the year due to a positive domestic...

Masatsugu Asakawa is new ADB head

Masatsugu Asakawa is the new president of the Asian Development Bank (ADB). Asakawa, who is currently serving as a special advisor to Japan’s prime minister...

Philippines prepares for world-class airport

The Philippines is set to get its own world-class gateway after the National Economic and Development Authority (NEDA) on Friday cleared the consortium’s proposal...

Accusation of China’s control over Philippines’ power grid ‘baseless’

China has dismissed fears that it can allegedly control the Philippines’ power grid, saying that the latter’s accusations were “baseless.” Speaking at a news briefing...

Philippine marine life endangered by China: scholar

China should ban the giant-clam trade to save the coral reefs in the South China Sea from furtherdegradation, according to a US marine biologist.  Kent Carpenter from...

‘Philippines-US free-trade deal likely next year’

The Philippines is next in line on sealing a free-trade agreement (FTA) with the United States, the world’s largest economy. Ebb Hinchliffe, executive director of...

RCEP members lure back India

Members of the Association of Southeast Asian Nations (ASEAN) are underway with the crafting of measures to resolve the recent exit of India from...

Duterte withdraws suspension of rice imports

President Rodrigo Duterte on Thursday withdrew his earlier pronouncement to stop the further entry of rice commodities into the Philippines, and instead sought for...

Philippines gets $500M funding from World Bank

The World Bank has committed worth $500 million to support the Philippines’ Agriculture department. In a statement over the weekend, Agriculture Secretary William Dar said...

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Malaysia seeks reopening of border with Singapore anew

The Malaysian government was planning to reopen its shared border with Singapore as it sought to generate more revenues for the economy that was...

Vietnam approves ExxonMobil’s plan to build a $5.09-billion LNG in Hai Phong

Vietnam has given the green light for US-based ExxonMobil to develop a $5.09-billion liquefied natural gas (LNG) in the port city of Hai Phong. A...

Laos-China railway now in advanced stages of construction

Laos-China Railway Co., Ltd. is now in the advanced stages of construction for the 422-kilometer Vientiane-Boten railway. This as drilling of the tunnels across the...