The Asian Development Bank announced on Tuesday that it has authorized a $400 million (P20.1 billion) loan to help Filipino youth with employment and skills training. According to the ADB, the grant will help the Facilitating Youth School-to-Work Transition Program Subprogram 3 locate jobs for “at-risk” young Filipinos faster. TheContinue Reading

The United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) has completed a trade facilitation survey for a total of 143 nations, with India scoring 90.32 percent, up from 78.49 percent in 2019. The Survey for 2021 noted India’s improvement in all five major categories — transparency,Continue Reading

The International Finance Corporation (IFC), the World Bank Group’s private investment arm, is contributing US$150 million to the Union Bank of the Philippines’ social bond, which intends to fund loans to micro, small, and medium-sized companies (MSMEs) affected by the Covid-19 issue.  The bond will be issued under Union Bank’sContinue Reading

To ensure progress toward the 2030 Agenda for Sustainable Development, delegates at an international conference today discussed ways to improve regional cooperation on collaborative research and development of new Fourth Industrial Revolution (4IR) technologies such as artificial intelligence, internet of things, machine learning, Blockchain, and others. The Asia-Pacific Centre forContinue Reading

The Asian Development Bank (ADB) announced today that a six-year regional technical assistance initiative has increased the capacity of health systems in Cambodia, the Lao People’s Democratic Republic (Lao PDR), and Vietnam to respond to climate-related health threats in the midst of the coronavirus disease (COVID-19) pandemic.  The Greater Mekong Subregion (GMS)Continue Reading

Major South Korean refineries are keeping a careful eye on whether the European Union’s plans to put a new price on aviation fuel and mandate all flights inside its borders to use a specific quantity of sustainable aviation fuels or SAFs, would kick-start a new market for green jet fuels. Continue Reading

The statements by UN Secretary-General Antonio Guterres come as fighting between Afghan government forces and the Taliban grew more intense since US soldiers began to leave the country.  According to UN Secretary-General Antonio Guterres, Central and South Asian countries can only fully benefit from potential opportunities if the region as a whole isContinue Reading

The Asian Development Bank (ADB) has authorized a $5.36 million grant to Mongolia to improve the identification and containment of coronavirus illness (COVID-19).  The grant for Strengthening Rapid Epidemic Response Capacity of Health Systems will assist Mongolia in responding to the ongoing COVID-19 outbreak by providing resources and training onContinue Reading

The Development Bank of the Philippines (DBP) has become the second local institution and one of ten foreign institutions to be authorized by the UN-backed Green Climate Fund (GCF) for climate mitigation and adaptation projects in developing countries.  This enables the bank to provide up to $250 million in fundingContinue Reading

China is on track to install 619 GW of solar by 2030, with the analyst also forecasting that Indonesia will be the region’s fastest-growing solar market in a statement regarding the Asia Pacific. China is expected to continue to show the way as the Asia-Pacific region sees the volume ofContinue Reading