Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
ADB OKs $1B loan for labor, disaster plans
The Philippine Star
|January 31, 2025
The Asian Development Bank (ADB) has approved a $1 billion policy-based loan to support the Philippine government's efforts to improve the employability of the workforce and strengthen disaster resilience and response.
-
In a statement, the multilateral lender said it has approved a $500-million loan for the Business and Employment Recovery Program-Subprogram 2, which will assist the Philippines in pursuing reforms and initiatives to equip the country's workforce with the necessary skills to meet the evolving requirements of the industry.
At the same time, the bank also approved a $500-million policy-based loan for the Second Disaster Resilience Improvement Program, which will provide the Philippines quick access to financing when the country is hit by disasters due to natural hazards or health-related emergencies.
ADB said the business and employment program aims to increase women's participation in the workforce through technical and vocational education and training (TVET) and improved access to livelihood and employment opportunities through government job facilitation programs.
This story is from the January 31, 2025 edition of The Philippine Star.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Philippine Star
The Philippine Star
Comeback of Christmas Tree Lane helps Altadena move on from deadly fire
The lights were still hanging on Christmas Tree Lane when the Eaton fire roared through Altadena, California, on Jan. 7.
1 mins
December 27, 2025
The Philippine Star
14 injured in Japan after stabbing, liquid spray attack
Fourteen people were injured in a stabbing attack in a factory in central Japan during which an unspecified liquid was also sprayed, an emergency services official said on Friday.
1 min
December 27, 2025
The Philippine Star
Death and taxes
The House of Representatives recently approved a bill that would extend the estate tax amnesty period until Dec. 31, 2028.
4 mins
December 27, 2025
The Philippine Star
Eala sees 'merry practice' in Macau
Alex Eala primes up for her anticipated Australian Open campaign early next year with an exhibition stint in three events at the MGM Macau Tennis Masters this weekend.
1 mins
December 27, 2025
The Philippine Star
Former Malaysian PM convicted over 1MDB corruption scandal
Sums of money received by Najib ‘staggering,’judge says
1 min
December 27, 2025
The Philippine Star
Japan OKs defense budget that aims to deter China
Japan's Cabinet on Friday approved a record defense budget plan exceeding $58 billion for the coming year, aiming to fortify its strike-back capability and coastal defense with cruise missiles and unmanned arsenals as tensions rise in the region.
1 min
December 27, 2025
The Philippine Star
IMF sees room for big rate cut
Up to 50 bps likely in Q1
2 mins
December 27, 2025
The Philippine Star
WHERE TRADITION MEETS GRANDEUR
Club Bulakeño, founded by the well-respected Lydia Reyes, dazzled society once again as it marked its 36th annual ball aptly themed \"La Bulakeña\" at the elegant Rizal Ballroom of Makati Shangri-La, Manila in Makati City.
1 mins
December 27, 2025
The Philippine Star
US launches strikes against Islamic State in Nigeria
US President Donald Trump said US forces conducted “powerful and deadly” strikes on Thursday against Islamic State group militants in northwestern Nigeria, weeks after he warned against any systemic assault on Christians in the country.
1 min
December 27, 2025
The Philippine Star
Citi celebrates a history of excellence with its annual alumni event
\"Citibank University\" or the \"Univer-Citi of Banking\" is of course not an actual university; these are the nicknames of the financial giant Citibank N.A. which, over the course of its operations, attracted the brightest minds to join its workforce for the opportunity to learn from, and be trained by, the best of the best.
3 mins
December 27, 2025
Listen
Translate
Change font size