P-Pop star Mona Gonzales shows global potential with debut single “Always Remember”

The breakthrough act drops a banger about “bravely facing the world” and valuing self-worth

Sony Music Entertainment and ShowBT PhilippinesCorp., the entertainment company responsible for the breakthrough of award-winning boyband SB19, are set to launch another P-Pop star with immense global potential.

With more than 17 million followers on TikTok alone and an impressive portfolio of anime soundtracks that went viral, breakthrough artist Mona Gonzales ranks among the industry’s newest batch of megastar hopefuls.

The promising solo act marks her debut as a recording artist with “Always Remember,” an effervescent cut that champions the value of self-worth and preservation in an attempt to bravely face the world and conquer everything. Capturing the unabashedly colorful spirit of K-Pop and J-Pop with commanding confidence, Mona Gonzales aims to uplift listeners with her anthemic and captivating delivery—doing it like a seasoned pro.

“The way I personally describe it is something like a soft pop rock for me,” says the promising TikTok sensation turned P-Pop star. “The sound of electric guitar with a pop style beat is dominating through the whole song. The style is not really new, but the sound is unique in its own way. It’s a little different from the OPM that we’re used to. I think that makes it interesting.”

Produced by Oh Won Lee, an industry veteran who has helmed tracks by K-Pop icons Stray Kids, SHINee's Taemin, and Wanna One, and the country’s very own SB19, “Always Remember” is an inspirational track that pushes the envelope of modern pop production with breezy, summer hooks and a minimalist instrumentation. The end product is a mesmerizing take on P-Pop, one that is creatively boundless and flows with so much effortlessness.

As Mona Gonzales puts it, “Pinoy Pop Music doesn’t really have a certain and specific style and sound. Most of us new artists want to be unique. That’s true for me, but I want to add a new flavor and variety along with the existing Pinoy pop music right now. And with every Pinoy music artists, we will prove that P-POP can expand. And then people will talk about how the Pinoy pop music has evolved, its potential and where it can go.”

The release of the song comes with a vibrant music video that metaphorically follows Mona Gonzales’ journey as an artist with so much to explore and grow on. Shot in multiple locations that showcase the beautiful scenery of the Philippines, Mona Gonzales dances, sings, hops, and walks with the excitement of someone ready to navigate the world on her own terms.

Mona Gonzales’ “Always Remember” is out now on all digital music platforms worldwide via Sony Music Entertainment and ShowBT Philippines Corp. Watch the music video here.

Source: Nyou

ADB, Wabag Sign $25 Million Debt Facility to Support Sanitation and Water Security in India

NEW DELHI, INDIA (25 November 2022) — The Asian Development Bank (ADB) signed a $25 million debt facility with VA Tech Wabag Limited (Wabag) to support sanitation and water security through the development of new sewage treatment plants in India.

The financing will be used for long-term capital requirements for engineering, procurement, and construction, and the subsequent operation and maintenance of the sewage treatment plants. ADB will also provide technical assistance of up to $35,000 to enhance Wabag’s capacity to assess and mitigate environmental and social risks for future projects.

“The disposal of wastewater without proper treatment has put significant pressure on India’s already scarce water resources and the quality of those resources,” said ADB’s Private Sector Operations Department Director General Suzanne Gaboury. “This project is ADB’s first private sector financing in India’s water sector and will help to crowd in urgently needed international and domestic financing for the sector to ease water stress as demand increases.”

India is facing severe water stress, with demand expected to reach double the available water supply by 2030. Less than 30% of the water released back into rivers is treated, rendering about one-third of river water unfit for human consumption. Private water companies face difficulties in raising long-term working capital financing due to perceived high risks and low interest among domestic financing institutions, as the sector presents limited opportunities for profit.

“This is a proud moment for Wabag as we add another feather to our cap with this strategic funding from ADB that validates our mission and focus on clean, green, and sustainable water technologies,” said Wabag’s Managing Director and Group CEO Rajiv Mittal. “We are fully aligned with ADB on the need to increase interventions in India’s water sector.”

Wabag is a leading player in India's water industry, with expertise spanning almost a century. Wabag offers a complete range of technologies and services for total water solutions in both municipal and industrial sectors. It has over 1,600 water professionals spread over 25 countries on 4 continents, as well as research and development centers in Austria, India, and Switzerland.

ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 68 members—49 from the region.

Source: ADB

ADB, Bank of Georgia Sign Milestone Risk Sharing Agreement for Supply Chain Financing

TBLISI, GEORGIA (24 November 2022) — The Asian Development Bank (ADB) and the Bank of Georgia (BOG) have signed a risk-sharing agreement to promote supply chain finance in Georgia.

Through the agreement, the first of its kind for ADB, the BOG and ADB’s Trade and Supply Chain Finance Program (TSCFP) will share corporate risk for supply chain transactions on a 50%-50% basis. The agreement is the culmination of 2 years of technical assistance provided by TSCFP to BOG.

“This agreement builds on our trade finance partnership with BOG that started in 2011 and will be catalytic in developing supply chain finance in the region,“ said TSCFP Head Steven Beck. “By promoting supply chain finance with our partner banks, we help small and medium-sized businesses in developing Asia to participate in global supply chains, spur economic growth, and contribute to job creation.”

Supply chain finance provides working capital to suppliers including small and medium-sized companies (SMEs) by leveraging their relationships with larger corporates. ADB estimates the gap between demand for trade finance and the money available is at least $2 trillion, with SMEs the worst affected. ADB’s TSCFP provides training and other technical assistance to banks across developing Asia to bring them up to speed on international best practices for the provision of supply chain finance.

“SMEs are especially important for the Bank of Georgia, and this agreement aims to further strengthen them and help them to explore new markets,” said Bank of Georgia’s Head of Small and Medium Business Department Zurab Masurashvili.

Backed by ADB's AAA credit rating and working with more than 250 partner banks, TSCFP enables trade and supply chains with loans and guarantees that underpin economic growth and create jobs to improve people’s lives. TSCFP initiatives help make global trade and supply chains green, resilient, inclusive, transparent, and socially responsible.

ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 68 members—49 from the region.

Source: ADB