The Asian Development Bank (ADB) said on December 13 that it has approved a 200 million USD loan to help the Philippine government prepare implement major infrastructure projects under its flagship "Build, Build, Build" development programme.
A corner of Manila - the capital of the Philippines (Source: )
Hanoi (VNA) - The Asian Development Bank (ADB) said on December13 that it has approved a 200 million USD loan to help the Philippinegovernment prepare implement major infrastructure projects under its flagship"Build, Build, Build" development programme.
The loan, as additionalfinancing to the ongoing Infrastructure Preparation and Innovation Facility(IPIF), will support the preparation of several projects, including thedetailed engineering design of an interlink bridge that connects the provincesof Bataan and Cavite and the Metro Rail Transit Line 4.
The bank will also provide supportfor staff at the country's Department of Transportation and the Department ofPublic Works and Highways, so they can effectively and efficiently managecomplex infrastructure projects.
The 'Build, Build, Build' programme, a main focus of the Philippine government,aims to boost long-term economic growth by increasing public infrastructureinvestments to 7 percent of GDP by 2022.
According to ADB, publicspending on infrastructure has been on an uptrend in the Philippines, reachingover 5 percent in 2018, up from around 3 percent in 2015 before PresidentRodrigo Duterte assumed office in June 2016./.
The Asian Development Bank (ADB) has approved loans totaling 600 million USD to support the Philippine government’ efforts to tap more private participation for needed infrastructure investments.
The Asian Development Bank (ADB) has approved a 123 million USD loan for the Philippines to construct a new water tunnel connecting Angat Dam in Bulacan province to Metro Manila’s water supply.
The Asian Development Bank (ADB)’s Board of Directors has approved a loan worth 100 million USD for the Philippines to implement high-quality public infrastructure projects.
The Adviser of Japanese Prime Minister Shinzo Abe, Hiroto Izumi, visited the Philippines on November 21 to discuss with the country’s Government officials on a 156 billion JPY (1.38 billion USD) aid to help upgrade transport infrastructure in Manila capital.
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The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
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Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
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The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
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This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Efforts to empower women must transcend dialogue and translate into concrete commitments, including corporate pledges and government partnerships, according to the spouse of Malaysian Prime Minister Anwar Ibrahim.
A corner of Manila - the capital of the Philippines (Source: ) 
