News
ADB and Bangko Sentral ng Pilipinas Showcase Opportunities in the Philippines for Foreign Islamic Banking and Financial Institutions
In September 2024, the Asian Development Bank (ADB) published a comprehensive report exploring the potential and demand for Islamic banking and finance services in the Philippines. Titled Unlocking the Potential of Islamic Finance in the Philippines: A Market Analysis and Landscape Report, the study found that many Muslim Filipinos—many of whom own and operate micro, small, and medium enterprises (MSMEs)—prefer Islamic financial services but have limited access to them.
Asian Development Bank Presents Draft Insolvency Code and Concept Paper to Armenian Stakeholders
On 8-9 June 2024 in Tsaghkadzor, Armenia, the Asian Development Bank's Office of the General Counsel’s Law and Policy Reform Program, in collaboration with the Ministry of Justice of Armenia and the Armenian Resident Mission, held stakeholder consultations on the development of a new insolvency code.
ADB Delivers Case-Based Training on Arbitration for Armenian Judges
On 4-5 May 2024, the ADB Office of the General Counsel's Law and Policy Reform Program held the Armenia Arbitration Judicial Colloquium in Tsaghkadzor, Armenia. The colloquium helped build participants' capacity to apply international and Armenian legal approaches to arbitration, using a practical approach in which participants grappled with scenarios based on actual cases.
ADB Develops New E-Learning Platform for ASEAN Judges to Enhance Judicial Education
In partnership with the Council of ASEAN Chief Justices (CACJ), ADB’s Law and Policy Reform Program launches the first-of-its-kind e-learning platform and e-learning module on international commercial arbitration. Over 100 judges from ASEAN member states attended the event and discussed the evolution of judicial education, particularly in the era of technological advancements.
ADB Supports Papua New Guinea in Enacting State-of-the-Art Arbitration Laws to Create an Enabling Environment for the Private Sector
ADB's Law and Policy Reform Program, in partnership with the Pacific Private Sector Development Initiative (PSDI) and the United Nations Commission on International Trade Law (UNCITRAL) assisted with Papua New Guinea's (PNG) enactment of two arbitration laws which are expected to attract foreign direct investment and international private climate finance.
ADB, UNCTAD, and Cambodia Ministry of Commerce Host Research and Policy Dialogue Workshop
The workshop examined ways to accelerate trade reforms to address the challenges its new status will bring once Cambodia graduates from least developed country status, in particular the loss of trade preferences.
ADB launches Technical Assistance on International Trade and Investment Agreements in Uzbekistan
ADB conducts stakeholder consultations and policy dialogue on international trade and investment agreements.
ADB Wins Outstanding Industry Collaboration Award from the Islamic Banking and Finance Institute Malaysia
ADB won the Outstanding Industry Collaboration Award given by the Islamic Banking and Finance Institute Malaysia (IBFIM) in Kuala Lumpur. The award recognizes ADB's efforts to provide financial services to all segments of the population and strengthen the capacity of Philippine regulation and private sector participants.
The Asian Development Bank Supports the Operationalization of Cambodia's First Commercial Court
Asian Development Bank (ADB) Country Director Jyotsana Varma and Minister of Justice, His Excellency Koeut Rith, signed a Memorandum of Understanding, marking an important step towards in operationalizing Cambodia's first commercial court, a top priority of the Ministry of Justice.
Asian Development Bank and Partners Host Conference to Strengthen Insolvency Systems in Asia-Pacific
The Asian Development Bank partnered with INSOL International, Singapore Management University, The University of Cambridge's Centre for Corporate and Commercial Law, and The University of Chicago's Center on Law and Finance to host a hybrid conference: Strengthening Insolvency Systems in Asia and the Pacific in Manila, Philippines on 15-16 December 2022 to analyze how countries in the region can strengthen insolvency and restructuring frameworks.