Monday, June 24, 2024
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Common tower firm secures P2.4-B loan from ADB to construct 800 cell sites

The ADB noted that smartphone usage in the Philippines is among the most widespread in Southeast Asia, but the country has limited tower coverage — with only 240 towers per million population.

9 PH rural banks get $655,000 ADB grants for digital transformation

Nine rural banks and a bank consortium have secured grants worth $655,000 from the Asian Development Bank (ADB) for the implementation of digital transformation solutions aimed at catalyzing financial inclusion.

Cebu-based animation network gets funding grant from ADB

Visayas-based Cebuanimation Network has been chosen as one of the five cooperatives that will receive funding grants from the Asian Development Bank (ADB).

ADB okays $100-M loan to modernize PH technical education

Meanwhile, the National Economic and Development Authority (NEDA) said the digitalization of the Philippine economy and government is one of the six strategies it would implement over the next five years to facilitate economic and social transformation under the Philippine Development Plan (PDP).

IDC Philippines bares ‘Future Enterprise Awards’ 2022 winners

The winners were selected from over 1,000 entries submitted by over700 end-user organizations in the Asia-Pacific region.

ADB chief economist cites need to expand digital platforms in PH

ADB chief economist Yasuyuki Sawada said accelerating the country’s digital transformation could lead to substantial growth in global output, employment, and trade.

PH must stake claim to booming digital economy — ADB expert

Thomas Abell, chief of Asian Development Bank (ADB)’s Digital Technology for Development, said the world might see an economic boom that will fuel digital economy as countries transition to the so-called ‘new normal’ once “the pandemic starts to recede.”

Study urges PH gov’t to create ‘skills and training systems’ for online workers

A study funded by the Asian Development Bank urged the Philippines and other Asian countries like Bangladesh and Indonesia to consider more jobs in software development and technology.

Who benefits from digital economy? ADB-funded study identifies groups

A study conducted by state think tank Philippine Institute for Development Studies (PIDS) showed that there are certain groups who “benefit more from [the] digital economy”.

ADB exec says closer public-private tie-up needed to boost PH fintech industry

The ADB also noted that purely digital banks have also started operating but regulations are still currently using the traditional models.
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