Utilize the input text as a context reference, choose the right relationship between Philippines and Asian Development Bank from the options. Options: product/material produced, manufacturer, distributed by, industry, position held, original broadcaster, owned by, founded by, distribution format, headquarters location, stock exchange, currency, parent organization, chief executive officer, director/manager, owner of, operator, member of, employer, chairperson, platform, subsidiary, legal form, publisher, developer, brand, business division, location of formation, creator.

MAKATI CITY, Philippines - Asian Development Bank President Takehiko Nakao to announce increased funding for the Philippines over the next three years - 0700 GMT.
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