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ADB Director for governance, finance and trade division for Southeast Asia department Ayumi Konishi  said  the grant   will be used for  capacity building of the  growth area.


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ADB country director for the Philip-pines Thomas Crouch said the program loan would also cover the implemen-tation of reforms in the insurance sec-tor, pre-need industry and the contin-uing policy reforms of the Securities and Exchange Commission (SEC). 


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AYUMI KONISHI

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ADB Director for governance, finance and trade division for Southeast Asia department Ayumi Konishi  said  the grant   will be used for  capacity building of the  growth area.


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ADB country director for the Philip-pines Thomas Crouch said the program loan would also cover the implemen-tation of reforms in the insurance sec-tor, pre-need industry and the contin-uing policy reforms of the Securities and Exchange Commission (SEC). 


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The first grant worth $400,000 will help prepare a blueprint for reviving economic cooperation in BIMP-EAGA, with refocused priorities in line with  new  economic trends. 


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abtest

'ADB Annual Meeting focuses on Asia's sustainable growth'

April 23, 2011 - 11:03pm

The 44th ADB Annual meeting will focus on how to move forward together between Asian countries to maintain a sustainable growth in the next four decades, said Ayumi Konishi, the country director of the Asian Development...

ADB launches book on dealing with multiple currencies in transitional economies

October 16, 2010 - 12:00am

The Asian Development Bank (ADB) launched here Friday a book on study results of multiple currencies in the context of transitional economies.

Davao’s P4.9-B airport to boost trade and tourism in BIMP-EAGA

By Ted P. Torres | November 30, 2003 - 12:00am

The new P4.9-billion Davao International Airport will directly complement the thrust of the BIMP-EAGA nations toward opening more trade and tourism routes in the region, officials said.

Business

ADB to release $1-M technical assistance for revival of BIMP-EAGA

By Ted P. Torres | September 11, 2003 - 12:00am

DAVAO CITY – The Asian Development Bank (ADB) is preparing a $1-million technical assistance grant for the revival of the Brunei Darussalam, Indonesia, Malaysia, the Philippine (BIMP)-East Asia Growth Area...

Business

RP seeks $120-M ADB loan for non-bank financial sector

By Des Ferriols | May 15, 2003 - 12:00am

The Philippine government and the Asian Development Bank (ADB) have begun negotiations for a $120-million program loan to finance programs for the non-bank financial sector as well as the implementation of the Anti-Money...

Business

RP eyes $125-M loan for development of local capital mart

By Des Ferriols | April 21, 2003 - 12:00am

The government will begin negotiations with the Asian Development Bank (ADB) for a $125-million loan that would bankroll the policy adjustments in the capital market, particularly the demutualization of the Philippine...

Business

ADB approves grants to revive BIMP-EAGA

By Ted P. Torres | March 11, 2003 - 12:00am

The Asian Development Bank (ADB) has approved three new technical assistance (TA) grants totaling $1.5 million to promote the revival of Brunei, Indonesia, Malaysia, Philippines-East ASEAN Growth Area (BIMP-EAGA)...

Banking