Projected growth for Southeast Asia’s major economies has been cut for this year amid slumps in Vietnam and Indonesia and political unrest in Thailand, the Asian Development Bank (ADB) announced Friday.
By Michelle V. Remo
The Asian Development Bank (ADB) has raised again its economic growth forecast for the Philippines for this year, expecting the country to remain one of the fastest-expanding markets in the region on the back of improved investor sentiment.
The Asian Development Bank predicts growth in developing Asia will edge higher thanks to the recovery in rich countries even as China slows.
By Paolo G. Montecillo
The Asian Development Bank (ADB) is set to make tweaks to its project selection criteria to favor programs that promote inclusive growth and protect the environment as it strives to improve the sustainability of the region’s boom.
By Riza T. Olchondra
The Philippines’ e-tricycle (e-trike) program is gaining ground with the contract for the first batch of units to be awarded soon, said Sohail Hasnie, Asian Development Bank (ADB) principal energy specialist for Southeast Asia.