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ADB eyes $1 billion investment to strengthen PH power grid
The Asian Development Bank (ADB) is open to funding up to
billion to boost the Philippines’ national power grid, PhilStar reported. This amount will support the country’s shift towards renewable energy through offshore wind projects. The Department of Energy (DOE) is on track to deliver the first kilowatt-hours of offshore wind capacity by 2028,…
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ADB to continue flood control projects in the Philippines
The Asian Development Bank (ADB) announced that ongoing corruption scandals in flood control projects will not deter its work or prompt a freeze on investments in the Philippines. Andrew Jeffries, ADB Country Director for the Philippines, stressed the importance of strict policy implementation for ADB’s USD 13-billion financing portfolio and the six-year country partnership plan.…
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Laguna’s bamboo industrialization in the works
The province of Laguna pledges to industrialize its bamboo industry to strengthen the supply chain and ensure long-term support for local producers. The proposal empowers the industry from the grassroots, identifies areas for planting, ensures training and technology transfer, and engages the youth in farming. “With the support of the DOST [Department of Science and…