Dalai Lama at apex of Sino-Indian tensions Nov 10, 2009
But it should also continue to build upon the strategic partnership with India initiated by former president George W Bush, and support its ally, as it did at the Nuclear Suppliers' group and the ADB [Asian Development Bank], where necessary. Washington must also make clear that it considers the established, decades-old border between the two to be permanent. (Asia Times Online)
A blue revolution: The key to future food security Nov 7, 2009
"We will need nothing less than a 'Blue Revolution', if we are to achieve food security and avert a serious water crisis in the future said Dr. Colin Chartres, Director General of the Sri Lanka - based International Water Management Institute. Chartres was speaking to the Economic and Finance Committee of the UN General Assembly, at a special event on "Enhancing Water Governance", convened by the UN today. He stressed that only strategic investments in water can address the massive pressure that... (EurekAlert! -- Business News)
Japan hosts Mekong River leaders Nov 6, 2009
Much of the Mekong region has lagged in economic development for years, but China, Japan, the Asian Development Bank and others have stepped up investment in recent years. China excluded. (BBC News -- Asia-Pacific)
Is Burma softening its stance? Nov 4, 2009
Page last updated at 02:09 GMT, Thursday, 29 October 2009. Is Burma softening its stance. (BBC News -- Asia-Pacific)
Msian consumer confidence rises marginally Nov 2, 2009
Both Malaysian Institute of Economic Research (Mier) and Asian Development Bank recently forecast a third-quarter contraction of around 3. But even though the economy is improving, the trend of decline is not yet reversed and positive growth has not resumed. (The Star Online, Malaysia -- Business)
Afghan Challenger Drops Out of Election Nov 2, 2009
KABUL, Nov 19 (IPS) - Prospects for the trans-Afghan pipeline seem good with the Asian Development Bank (AsDB) indicating that it is set to launch a preliminary report on the two billion U.S. dollar project linking the vast gas field in Turkmenistan to Pakistan, through Afghanistan. The earlier contenders for the project, first mooted in the 1990s, were the U.S. oil and gas company, UNOCAL, and its Argentinean rival Bridas. (CBS News -- World)
South-East Asian summitry: Distant dreams Oct 31, 2009
On trade it is already happening: intra-East Asian trade flows rose to 42% of total trade in 2008, up from 32% in 1990, according to the Asian Development Bank (ADB). But much of this is in commodities and semi-finished goods, with America, Japan or Europe as the final destination. (The Economist)
Bangladesh—2009 Article IV Consultation: Preliminary Conclusions of the IMF Mission Oct 31, 2009
7 billion) and expected ADB disbursements (US$0 ... In fact, despite the large budget support from the ADB, there may be a shortfall in net external financing in FY2010. (IMF News)
Banyan: Himalayan histrionics Oct 30, 2009
China has blocked a water project in Arunachal Pradesh financed by the Asian Development Bank. In October it grew shrill over an electioneering trip to the state by Prime Minister Manmohan Singh. (The Economist)
Peshawar blast addsto investor woes Oct 30, 2009
5 billion from Asian Development Bank, $1. 17 billion from the World Bank and a $656 million short-term loan from the Islamic Development Bank for oil purchases. (Asia Times Online)
Asset price bubble threat to Asia Oct 28, 2009
Besides such administrative measures, Asia's central banks would need to ''put a tight watch on monetary policies'' to prevent asset bubbles, the Asian Development Bank said last month. Bloomberg. (Sydney Morning Herald -- Business)
China Investment Seeks Commodity, Property Investments as Inflation Hedge Oct 28, 2009
2 percent this year, compared with a March forecast of 7 percent, the Asian Development Bank said this month. A Certain Percentage. (Bloomberg -- Asia)
China Needs Unexpected Yuan Jump to Limit Inflows of `Hot Money,' UBS Says Oct 27, 2009
In contrast, Asian Development Bank economist cautioned Oct. 16 that excessive gains by the currency could lead to instability in the worlds most-populous nation. Chinas Commerce Ministry said Oct. 15 that the government would stick to a gradual approach to currency reform, moving at its own pace. (Bloomberg -- UK)
Singapore, Hong Kong Aim to Succeed Where Bernanke Failed on Asset Bubbles Oct 27, 2009
Besides such administrative measures, Asias central banks will need to put a tight watch on monetary policies to prevent asset bubbles, the Asian Development Bank said Sept. 22. Rate Moves. (Bloomberg -- UK)
Leaders of 16 Asian Nations Meet in Thailand Oct 26, 2009
"East Asia could therefore play a crucial role in driving global economic recovery and in reforming the international financial architecture," it said, noting that the Asian Development Bank recently revised its forecasts for East Asian economic growth from 3. 4 to 3. (ABC News -- Wire)
* World economy hits bottom: Hatoyama Oct 26, 2009
He said Hatoyama shared a view expressed at the meeting by Asian Development Bank (ADB) president Haruhiko Kuroda that Asian economies need to stimulate domestic demand along with regional demand to become less dependant on the US market. Rebalancing of the sources of growth in Asia is a very important challenge, he said, quoting Hatoyama. (Taipei Times, Taiwan -- World Business)
Support The Black Satellites Oct 25, 2009
In Ghana, cash donations can be paid into the Black Satellites Donations Account at any Agricultural Development Bank (ADB) and Ghana Commercial Bank (GCB) branches across the country simply by asking for their contribution to be deposited into the Satellites account ... Donations from well-wishers outside Ghana can be made by simply effecting an overseas transfer from any bank or financial house into either of the following Agricultural Development Bank (ADB) or Ghana Commercial Bank (GCB)... (Ghana Web, Ghana)
Mayor: China firm Suntech Power interested in Chandler Oct 24, 2009
Other invitees included about 10 mayors from the United States and representatives from the United Nations, the World Bank, the Asian Development Bank and Forbes 500 companies. Dunn said he was surprised at how excited the Chinese government is about solar energy. (AZCentral -- Business)
Supercharging trade relations with Asean Oct 24, 2009
The most likely investors include the Asian Development Bank and the World Bank, eyeing growing prospects for infrastructure projects like ports, channels in the Lancang-Mekong subregion, and railways and highways that connect south-western China and Vietnam. At the China-Asean Expo alone, Chinese private and state-owned companies sealed more than 80 deals worth 47. (The Star Online, Malaysia)
Bold cuts in Budget 2010 Oct 23, 2009
The Asian Development Bank had revised its forecast for Malaysian economic growth this year to -3. 1% from an original -0. (The Star Online, Malaysia)
Transcript of a Press Briefing by Caroline Atkinson, Director, External Relations, IMF Oct 23, 2009
As I believe you know, the issue of electricity subsidies is primarily being dealt with by the World Bank and the Asian Development Bank. This is a sectoral issue that is typically done by those in development, that is focused on more -- they have more expertise. (IMF News)
Local woman raising funds for a school in Cambodia Oct 22, 2009
After the Asian Development Bank matches the donation (up to 30,000), a site is selected from a waiting list and a school is built by American Assistance for Cambodia. The group, which has built over 300 schools in the country, says 10,000 of the donation is used to build the school, and the other 3,000 for a general school account. (Chippewa Falls Chippewa Herald, WI)
China's `Growth on Steroids' Risks Next Slowdown as Lending Binge Subsides Oct 22, 2009
Extending the stimulus for too long risks the diversion of funds into stocks and real estate, an erosion of bank asset quality and inflationary pressures, the Asian Development Bank said in a report last month. Severe Reaction. (Bloomberg)
China's Economy Expands 8.9%, Fastest Pace in a Year, on Stimulus, Lending Oct 22, 2009
The Asian Development Bank has warned that keeping stimulus measures for too long risks diverting money into stocks and real estate, eroding bank asset quality and stoking inflation ... This emergency intervention has been executed very fast and very successfully, , chief China economist at the Asian Development Bank in Beijing, said in an interview last week. (Bloomberg -- Asia)
Experts see "hot money" dangers in China's economic outlook Oct 21, 2009
"With a large hot money inflow, China will have no choice but to let the yuan appreciate or to create more liquidity in order to maintain a stable foreign exchange rate," said Zhuang Jian, a senior economist with the Asian Development Bank. Once the yuan appreciated, profit margins of China's exporters, already suffering from falling orders, would be further squeezed as their products would become more expensive and less competitive, Zhuang said. (Xinhuanet, China)
China-ASEAN Fund to kick off soon Oct 21, 2009
Many Chinese and international financial and investment institutions including the Asian Development Bank and the World Bank have shown intention to invest in the fund, according to Li. "The first-stage fund will focus on infrastructure development, but investments will not be limited within the above fields," he said, noting that targets of following fundings will be adjusted according to actual situations of China-ASEAN cooperation and might go into fields like manufacturing and modern service... (Xinhuanet, China)
China opens a new front in Kashmir Oct 21, 2009
It sought to block India's application for a loan from the Asian Development Bank that included funding for developmental projects in Arunachal Pradesh. And it has protested the proposed visit of exiled Tibetan leader, the Dalai Lama, to the state in November. (Asia Times Online)
Economist: Spend more to develop human capital and infrastructure Oct 20, 2009
KUALA LUMPUR: Malaysias medium to long term growth potential will be better served by more spending to develop human capital and physical infrastructure in order to be competitive, says Asian Development Bank (ADB) chief economist Dr Jong-Wha Lee. Budget 2010, which is scheduled to be announced on Friday, has been speculated to reflect the 1Malaysia concept besides having a lower operating expenditure due to the higher fiscal deficit this year. (The Star Online, Malaysia -- Business)
Yudhoyono sworn in for second term as Indonesian president Oct 20, 2009
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Temasek Yield Spread Narrows on Demand After First Bond Sale in Four Years Oct 20, 2009
8 basis points over Treasuries while 10-year dollar notes sold by the Asian Development Bank in Sept. 2008 are trading at a 78. 3 basis point spread, Bloomberg data show. (Bloomberg -- Asia)
China's economy has passed the worst and recovery will pick up momentum next year, according to a prominent Chinese economist. • Chinese economy expected to grow 9% in Q3: Experts Oct 19, 2009
Zhuang Jian, a senior economist with the Asian Development Bank, gave a relatively prudent forecast, but his estimate was also between 8. 5 and 9 percent. (Xinhuanet, China)
China sovereign fund buys 45% stake in Nobel Oil Oct 17, 2009
Zhuang Jian, a senior economist with the Asian Development Bank, said that under the forecast of excessive fluidity and devaluation of the U.S. dollars, CIC's investment in bulk commodities like oil and gas would be a better option to mitigate risks in China's huge foreign exchange reserves. These deals show that CIC is attaching more attention to resource commodities and intends to diversify its assets arrangement from its early preference of investing in financial sectors, said Chen Fengying,... (Xinhuanet, China)
BJP rebuffs China, says with govt Oct 17, 2009
These included the denial of proper visas to Kashmiri Indians by China, its efforts to obstruct the Asian Development Bank aid for development projects in India, particularly the one being executed in Arunachal Pradesh, its continuous involvement and support for various activities and projects in the POK and construction of a dam over river Brahmaputra. Mr Singh expressed his concern over repeated incursions by the Chinese troops into the Indian territory, particularly in the Ladakh... (India Times)
Microtune Lays Off 10% Of Employees, Cuts Executive Pay Oct 17, 2009
The company's customers in the cable sector include Arris, Cisco Systems, Motorola, Pace, ADB, Panasonic and Samsung ... BigBand Networks, Inc. NASDAQ: BBND provides broadband service providers with innovative network solutions designed to make it easier to move, manage and monetize video. (Multichannel News)
It's Asia's turn to support global trade system : ADB Oct 16, 2009
It's Asia's turn to support global trade system: ADB- International Business-News-The Economic Times ... It's Asia's turn to support global trade system: ADB16 Oct 2009, 1149 hrs IST, REUTERS ... "Now the role of Asia in the global forum increased significantly and is recognized by global leaders," said Jong-Wha Lee of the Manila-based ADB.. (India Times)
Africa: Put Women At Core of Climate Change Debate, Say Activists Oct 16, 2009
These issues need to be genderised on behalf of everyone," she said. UN Secretary-General Ban Ki-moon last month called for women to have a greater role in climate change debates. "The special perspective of women is often overlooked in global discussions on climate change," Ban told an event on women's leadership held in New York. Climate change-related weather events claim between two and three times as many female as male victims, according to the Asian Development Bank (ADB). "Women are... (allAfrica.com)
Stop meddling in PoK: India to China Oct 15, 2009
Recently, China had tried to block a loan to India from the Asian Development Bank for developmental projects in Arunachal Pradesh. China had also protested a visit to the state last month by exiled Tibetan leader, the Dalai Lama. (India Times)
Sinking feeling in the Philippines Oct 14, 2009
Arroyo has appealed for foreign aid on top of a recent loan from the Asian Development Bank designed to help the Philippines ride out the global economic recession. Instead, it seems the government plans to rely heavily on remittances from overseas workers to assist their disaster-stricken family members. (Asia Times Online)
China opposes Dalai Lama trip to Arunachal Oct 13, 2009
This year, the two countries have faced off at multi-lateral forums, including Chinese objections to a $60 million Asian Development Bank loan for a project in Arunachal Pradesh. Indian media have repeatedly reported "incursions" by Chinese soldiers patrolling the 3,500-km (2,200-mile) border, disputed at various stretches. (India Times, India)
China protests PM's visit to Arunachal Oct 13, 2009
Most recently, China sought to block part of a loan to India from the Asian Development Bank earmarked for projects in Arunachal Pradesh. Beijing also protested a visit to the region last month by exiled Tibetan leader the Dalai Lama, to no avail. (India Times, India -- Community News)
Asia looks set to gain strength from crisis Oct 12, 2009
"After the Asian crisis, the region said never again," says Rajat Nag, the managing director at the Asian Development Bank in Manila. "Asia changed for the better and quickly. This time, we could see the region respond in a similar way.". (Business Report, South Africa)
2 Valley mayors to attend forum in China Oct 12, 2009
While Barrett and Dunn will work to attract the attention of a Chinese company to the Valley, they said the trip is largely to make connections with high-profile delegates who also will attend the forum, such as representatives from United Nations organizations, the World Bank, the Asian Development Bank and Forbes 500 enterprises. "My honest goal is try to intrigue them enough so that we can get a Chinese company to take an honest look at the Valley," Barrett said. (AZCentral -- Business)
Hawaii in running for APEC meeting Oct 11, 2009
The last high-level international gathering for Honolulu was the Asian Development Bank meeting in 2001. Besides Honolulu, San Francisco, the Los Angeles-Orange County area, New York and Miami were being considered as possible venues for the conference. (Honolulu Advertiser)
Decision due on APEC Honolulu meeting bid Oct 10, 2009
The last time Honolulu hosted a comparable international government meeting was the Asian Development Bank in 2001. That meeting drew some protestors outside the convention center but was an otherwise peaceful event. (Pacific Business News, HI)
Mayor heads to China next week Oct 10, 2009
Barrett will join others who were invited, which include Chinese and international political leaders, represntatives from U.N.-related organizations, World Bank and Asian Development Bank officials, and Forbes 500 representatives. Other mayors he knows who are attending are from Las Vegas and Henderson, Nev. (Peoria Times, AZ)
World religions pleas for action at climate talks Oct 9, 2009
Meanwhile, the U.N. Food and Agriculture Organization warned that climate change could cut food production 21 percent by 2050 in poor countries, and the Asian Development Bank predicted that global warming could lead to a surge of migration into the region s already crowded cities. The food and energy security of every Asian is threatened by climate change, but it s the poor and especially poor women who are most vulnerable and most likely to migrate as a consequence, the ADB Vice president... (Carroll County Times, MD)
FACTBOX-Foreign aid for Philippines floods Oct 9, 2009
ASIAN DEVELOPMENT BANK. - $3 million in cash donation. (AlertNet)
Goldman Sachs Joined by 3 Billion Other Winners Oct 9, 2009
After the Asian crisis, the region said never again, says , managing director at the Asian Development Bank in Manila. Asia changed for the better and quickly. (Bloomberg -- Columnists)
Annual Meetings 2009: Transcript of the Development Committee Press Conference, October 5, 2009 Oct 7, 2009
So, the World Bank worked with the Asian Development Bank as well as bilateral donors, Australia and Japan, to put by some contingent and standby funding. So, one category is the nature of cooperation, and I think that there are things we can deepen. (IMF News)
Submerged Manila faces disease threat Oct 7, 2009
Manila generates 6,700 tons of trash a day, estimates the Asian Development Bank. Much of it is dumped on the streets or illegally into waterways, all of it under water now. (CNN -- International)
India plays down Chinese incursions Oct 7, 2009
9 billion loan to India from the Asian Development Bank, meant to fund a $60 million flood management program in Arunachal Pradesh. Last year, Beijing tried to obstruct the US-India civilian nuclear deal at the meeting of the Nuclear Suppliers Group. (Asia Times Online)
China's export to see slight growth in Q4 Oct 7, 2009
Asian Development Bank (ADB) predicted that China's export was likely to switch from negative to positive growth in the fourth quarter this year. The welcome change was led by the stimulus policies taken by the Chinese government to boost its export in the wake of economic downturn, such as raising export tax rebates and expanding export credit insurance, the bank said. (People's Daily Online, China)
Press Release: IMF Managing Director Proposes Appointment of Naoyuki Shinohara as Deputy Managing Director Oct 7, 2009
He also has personal experience working in an international institution, having served as Japan s Executive Director at the Asian Development Bank during 1998-2001. Mr. Shinohara, 56, a Japanese national, holds degrees in economics from Tokyo University and public affairs from Princeton University. (IMF News)
Singapore Air, Cathay Pacific `Magically' Fill Planes, Mask Yield Slump Oct 6, 2009
Asian economies will expand at a faster-than-expected pace this year and next as growth in China, India and Indonesia strengthens, the Asian Development Bank said on Sept. 22. That optimism has helped lift airline shares, with and Cathay both gaining 33 percent this year. (Bloomberg -- Australia & New Zealand)
Climate change will lead to massive decline in crop yield- Study Oct 5, 2009
The study dubbed: "Climate Change: Impact on Agriculture and Costs of Adaptation," which was prepared by IFPRI for inclusion in two separate reports from the Asian Development Bank and the World Bank, was released on September 30 in conjunction with international climate change meeting in Bangkok, Thailand. The study said without new technology and adjustments by farmers, climate change would reduce irrigated wheat yields in 2050 by around 30 per cent in developing countries compared to a... (Ghana Web, Ghana)
* By 2050, 25 million more children will go hungry Oct 4, 2009
If global warming goes unchecked, all regions of the world will be affected, but the most vulnerable X south Asia and sub-Saharan Africa X will be hit hardest by failing crop yields, said the report prepared by the International Food Policy Research Institute for the World Bank and Asian Development Bank. The children of 2050 will have fewer calories to eat than those in 2000, the report says, and the effect would be to wipe out decades of progress in reducing child malnutrition. (Taipei Times, Taiwan -- World Business)
China Deputy Central Banker Yi Says Lending to `Converge at Stable Level' Oct 3, 2009
5 percent decline in prices this year, the Asian Development Bank said in a Sept. 22 report. To contact the reporter responsible for this story: Rob Delaney in Istanbul at. (Bloomberg -- Asia)
Nagravision USA Granted Waiver For DTAs Oct 3, 2009
after the FCC granted Evolution Broadband a waiver for limited-function digital-to-analog devices, referred to in the industry as DTAs ... Nagravision, the conditional-access provider owned by Switzerland-based Kudelski Group, works with more than 30 set-top vendors worldwide, including ADB, EchoStar, Pace and Thomson. (Multichannel News)
India and China profess brotherhood Oct 3, 2009
In June, Beijing unsuccessfully attempted to block Asian Development Bank (ADB) funds to India on the grounds that they included $60 million worth of projects for the "disputed area" of Arunachal. The Sino-Indian equation is so terribly dotted with sleeping dogs being rousted for strategic warfare that Beijing kept lobbying the ADB and secured a consolation victory in August. (Asia Times Online)
'Humans also to blame for Asia's natural disasters' Oct 2, 2009
3 billion in 2008, according to the Asian Development Bank. The number of cities with populations of more than one million each are expected to jump to more than 500, up from only 11 from the beginning of the last century, it said, citing UN figures. (India Times, India)
Farmed Out: How Will Climate Change Impact World Food Supplies? Oct 1, 2009
Nelson and his colleagues, working with funding from the World Bank and Asian Development Bank, estimated global agricultural impacts by pairing IFPRI's own economic models for crop yields with climate models for precipitation and temperature from the U.S. National Center for Atmospheric Research and Australia's Commonwealth Scientific and Industrial Research Organization. Assuming a world that is slow to adapt to climate change and focused on regional self-reliance, the researchers found that... (Scientific American)
ADB calls for Asian currency Oct 1, 2009
SEOUL: The president of the Asian Development Bank (ADB) called yesterday for an Asia-common currency as another international reserve currency, as part of the regions joint effort to prevent another global financial crisis. Asia could make the third international currency or Asia-common currency in the near future, ADB president Haruhiko Kuroda said at an international seminar on global crisis response. (The Star Online, Malaysia -- Business)
Study: Climate change to malnourish 25 mln children in 2050 Sep 30, 2009
The study, "Climate Change: Impact on Agriculture and Costs of Adaptation," was prepared by IFPRI for inclusion in two separate reports from the Asian Development Bank and the World Bank, both released on Wednesday in conjunction with international climate change meetings in Bangkok. The report says that developing countries will be hit hardest by climate change and will face bigger declines in crop yields and production than industrialized countries, the study finds. (Xinhuanet, China)
The Manila Floods: Why Wasn't the City Prepared? Sep 30, 2009
"What we are seeing is a phenomenon that will affect many major cities in Asia," says Neeraj Jain, country specialist for the Philippines at the Asian Development Bank (ADB), which is headquartered in Manila. "Urbanization has been so rapid, yet the planning processes have lagged.". (Time.com)
Release loans promptly, rice farmers appeal Sep 30, 2009
"We will be happy if the Agricultural Development Bank (ADB) and other allied financial institutions will process our loan request on time and give us the money even before the month of May where preparations starts," Mr Yohanes Duanyewutor, Chairman of the group. told the Ghana News Agency in an interview on Monday. (Ghana Web, Ghana)
