The Philippines just received a $408 million financing package from the Asian Development Bank (ADB) to support the government's rebuilding and rehabilitation of the southern Philippine city of Marawi.
Philippines Tender and Business News
The Manila-based Asian Development Bank, the Cote d'Ivoire based African Development Bank, the World Bank, the Asian Infrastructure Investment Bank (AIIB), and five other major multilateral banks signed a joint declaration to work together in six areas designed to slow the rise of global warming.
The Government of Indonesia was just awarded a $500 million emergency assistance loan to support the country's recovery and rehabilitation of Lombok and Central Sulawesi, after recent disasters claimed thousands of lives and destroyed infrastructure, property, and livelihoods.
A major new wastewater treatment plant just opened ten months ahead of schedule in the provincial capital Arvaikheer in Mongolia.
While most agree the digital economy is one of the most promising areas for growth in the Asia-Pacific region, the lack of available well-trained employees threatens to shut own growth before it starts.
Gulf SRC Company Limited (Gulf SRC) has just received a $227.7 million loan agreement with the Philippine-based Asian Development Bank, to support the construction and ongoing operation of a first-of-its-kind 2,500 megawatt (MW) combined cycle power plant in Thailand's Chonburi Province.
After two competitors were disqualified, the government of the Philippines selected the Milsaltel Consortium, a joint venture consortium including China Telecommunications Corp., Udenna Corp. and its subsidiary Chelsea Logistics Holdings Corp., and franchise holder Mindanao Islamic Telephone Company, Inc., (Mislatel), as the provisional winner for the lucrative third telecom provider slot in the Philippines.
On November 2, the Government of Mongolia signed off on $85.6 million in loan and grant agreements from the Asian Development Bank, much of which will go towards the country's first distributed renewable energy system.
According to a new report just released by the Asian Development Bank and UN Women, it will be critical for countries in Asia and the Pacific to accelerate progress on gender equality, in order to achieve the aggressive goals under the 2030 Agenda for Sustainable Development.
After multiple years of increasingly damaging natural disasters, APEC Finance Ministers have gathered to launch a series of initiatives to help mitigate the effects of earthquakes and extreme weather in the region.
Dr. Chang Yong Rhee, the Director of the International Monetary Fund (IFM)'s Asia and Pacific Department, reflects on why Southeast Asia has made such strong strides in recent decades.
In the wake of further consideration of the devastating earthquake and tsunami which recently hit Central Sulawesi, Indonesia, the Asia Development Bank just increased its emergency assistance aid to the country to $1 billion.
Now that a Manila court has denied a temporary restraining order blocking the company, China Telecom has become the second foreign company to buy bid documents to become what is being referred to as the ‘third player’ in the country’s telecommunications mix.
Indonesia will shortly be receiving $3 million in grant assistance from the Asian Development Bank (ADB) to support earthquake and tsunami relief efforts in Central Sulawesi.
Singapore-based Grab, a taxi aggregator and major provider of ride-sharing services similar to Uber in Southeast Asia, is expected soon to close on a deal with Japan’s SoftBank for another $500 million in capital.
A new Asian Development Bank (ADB) report says strong domestic demand, buoyant oil and gas prices, and India's consolidation of growth investments are contributing to stable growth throughout the region.
As the latest Typhoon Trami crashes through Japan with winds up to 134 mph and Indonesia deals with the aftermath of a 7.5 magnitude earthquake from last week, APEC has issued its own emergency call for more effective means of handling climate-driven and other natural catastrophes in the region.
Bangladesh's Fourth Primary Education Development Program, a key to providing quality education to all children from pre-primary to grade 5, just received word it will be receiving a $500 million loan from the Manila-based Asian Development Bank (ADB).
Hoping to attract international attention, a Philippine human rights commission held hearings in New York City this week to address if oil companies have violated human rights by contributing to climate change.
The ancient Chinese city of Xi'an, which was host city for the 7th APEC E-Commerce Business Alliance Forum, was a showcase for a unique approach to fighting poverty using e-commerce. The learning here are about to roll out across the rest of APEC as a means of fighting poverty throughout the region.
While detailed requirements for it are still being drawn up, the state-run Philippine National Oil Co. (PNOC)’s proposed liquefied natural gas (LNG) facility has drawn strong interest from some of the biggest players in the business.
With an eye to the growing importance of urban development especially in Southeast Asia's emerging economies, Mitsubishi Corporation (MC) and Surbana Jurong (SJ), a wholly-owned subsidiary of Temasek Holdings, a Singapore government affiliated investment company, have formed a joint venture targeting acquisition of $2.5 billion in urban development projects in Asia.
As Super Typhoon Mangkhut crosses open seas from the Philippines and heads toward landfall, Chinese authorities are working to protect two power plants directly in the path of the storm.
Super typhoon Mangkhut, projected to hit the Philippines by the morning of September 15 as a Category 5 hurricane with maximum sustained winds of 167 mph, will be the strongest storm to hit the Philippines this year and even bigger than 2013’s Super Typhoon Haiyan, which killed over 6,000.
The Asian Development Bank (ADB) has designated digital technology transformation as one of its key pillars for funding and international development. It is also launching major digital initiatives within the multilateral bank itself.