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THE Asian Development Bank (ADB) has approved a $400-million policy-based loan to support the Philippine government’s efforts to improve the ease of doing business in the country. The multilateral lender approved the financing for the Business Environment Strengthening with Technology Program (BEST) Subprogram 1, which aims to help position the country as a leading investment […]THE Asian Development Bank (ADB) has approved a $400-million policy-based loan to support the Philippine government’s efforts to improve the ease of doing business in the country. The multilateral lender approved the financing for the Business Environment Strengthening with Technology Program (BEST) Subprogram 1, which aims to help position the country as a leading investment […]

ADB approves $400-M loan to improve ease of doing business in the Philippines

2025/12/10 10:14

THE Asian Development Bank (ADB) has approved a $400-million policy-based loan to support the Philippine government’s efforts to improve the ease of doing business in the country.

The multilateral lender approved the financing for the Business Environment Strengthening with Technology Program (BEST) Subprogram 1, which aims to help position the country as a leading investment hub in Asia and the Pacific, it said in a statement on Wednesday.

The BEST program supports private sector development reforms to streamline and improve the transparency of regulatory requirements and processes for businesses.

“The private sector is an important engine of growth and job creation. Their role in the country’s overall economic development cannot be overstated,” ADB Country Director for the Philippines Andrew Jeffries said.

The Ease of Doing Business and Anti-Red Tape Advisory Council said it can take up to 75 days for local firms and more than 100 days for foreign firms just to complete registration in the Philippines, slower compared to its regional peers.

The ADB was the second-biggest development partner of the Philippines in 2024 with $11.05-billion worth of 59 loans and grants. — Aubrey Rose A. Inosante

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The post Mono Protocol Raises $2M in Private Round and Opens Whitelist: Here’s How Its Unified Balances and Universal Accounts Will Reshape Web3 appeared on BitcoinEthereumNews.com. The way people use blockchain today often feels complicated. Balances are scattered across different networks, bridging takes time and money, and users constantly switch wallets and chains to complete simple actions. Mono Protocol is building a new foundation for Web3 that unifies these experiences. With unified balances, instant settlement, and universal accounts, it aims to make blockchain interactions feel seamless. The project has raised $2M in a Private Round and is now running whitelist registration ahead of the presale. Mono Protocol: Solving Web3’s Biggest Problem With a Unified Design Today’s blockchain space struggles with fragmentation. Users maintain balances across several chains, bridges are slow and expensive, and front-running risks cause value loss. Developers face the added challenge of building infrastructure for multiple networks, making the experience complex on both sides. Mono Protocol addresses these issues with chain abstraction technology. By unifying per-token balances, it allows users to hold and use assets from any supported blockchain in one place. Transactions are protected with MEV-resistant routing, ensuring value is preserved during execution. Liquidity Lock technology guarantees that transactions cannot fail, which is a major step forward compared to traditional cross-chain systems. This combination creates a new standard for blockchain interaction. Developers gain access to simple APIs to build cross-chain applications without handling infrastructure overhead, while users enjoy one-click transactions across multiple ecosystems. It marks a shift from fragmented networks to a cohesive Web3 environment where complexity is invisible. One Balance, One Account, One Experience Mono Protocol introduces unified balances, instant settlement, and universal accounts that work across blockchains. This approach makes transactions simpler, faster, and free of the friction users often face today. Instead of managing assets on multiple networks, users interact with a single account and one balance. Liquidity Locks ensure transactions are guaranteed and completed instantly, while universal accounts remove…

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