ADB inaugurates new office in Cambodia

ADB inaugurates new office in Cambodia

(CPV) - On June 12th 2024, Asian Development Bank (ADB) President Masatsugu Asakawa joined Cambodia’s Deputy Prime Minister and Minister of Economy and Finance Aun Pornmoniroth to inaugurate ADB’s new resident mission, following the recent launch of ADB’s latest country partnership strategy for Cambodia for the period 2024–2028.
Malaysian automobile industry sees new milestone
Malaysian automobile industry sees new milestone
The Malaysia Autoshow 2024 has concluded with original equipment manufacturer (OEM) reporting a total of 1.4 billion RM (about 294.4 million USD)...
India to strengthen its urban development
India to strengthen its urban development
(CPV) - The Asian Development Bank (ADB) committed $2.6 billion in sovereign lending to India in 2023 for projects that aim to strengthen urban...
ADB launches new country partnership for Cambodia
ADB launches new country partnership for Cambodia
(CPV) - The Asian Development Bank (ADB) has launched a new country partnership strategy for Cambodia, spanning the period 2024–2028. The new...
Philippines gets new Senate President
Philippines gets new Senate President

Senator Francis Escudero was elected as the new President of the Philippine Senate on May 20, replacing Senator Juan Miguel Zubiri who has just announced his resignation.

Singapore discovers drug-free cancer treatment
Singapore discovers drug-free cancer treatment

A team of scientists from the National University of Singapore (NUS)’s Institute for Health Innovation and Technology has unveiled a novel approach to stimulate muscle cells’ natural defence against cancer using magnetic pulses.

Buddha statues unearthed in Laos’s Bokeo province
Buddha statues unearthed in Laos’s Bokeo province

Lao authorities on May 16 announced that a Buddha statue with a height of at least two metres has been excavated from a sandy area near the Mekong River in the northern Lao province of Bokeo.

ADB sells 3 5 billion 2-year global benchmark bond
ADB sells $3.5 billion 2-year global benchmark bond

(CPV) - On May 14th 2024, the Asian Development Bank (ADB) priced a 2-year global benchmark United States (US) dollar bond worth $3.5 billion, proceeds of which will be part of ADB’s ordinary capital resources.

Africa Land of promise and diversity
Africa: Land of promise and diversity

(CPV) - Africa Day, observed on May 25 yearly around the world is a momentous occasion to commemorate the founding of the Organization of African Unity (OAU), which was created on 25 May 1963 as the precursor of the African Union (AU).

Republic of Korea commits 2 billion in cofinancing with ADB
Republic of Korea commits $2 billion in cofinancing with ADB

(CPV) - The Republic of Korea signed a memorandum of understanding (MOU) at the early of May with the Asian Development Bank (ADB) earmarking $2 billion in cofinancing for ADB sovereign operations over the next 3 years. The cofinancing will support climate change-related projects as well as transport, energy, agriculture, education, governance reform, health, and information and communication technology (ICT) projects.

Italy to host 58th ADB annual meeting in 2025
Italy to host 58th ADB annual meeting in 2025

Italy will host the Asian Development Bank’s (ADB) 58th Annual Meeting on 4 to 7 May 2025. The meetings will be held in Milan, marking Italy’s first time to host and the first ADB Annual Meeting in Europe in almost a decade.

ASEAN banks grapple with uncertain FED interest rate cuts
ASEAN banks grapple with uncertain FED interest rate cuts

Banks in the Association of Southeast Asian Nations (ASEAN) are grappling with uncertainty over their loan books as evidence of persistent inflation that leads central banks to refrain from slashing interest rates, increasing pressure in the financing business.

ADB, partners to increase access to clean energy in Kiribati
ADB, partners to increase access to clean energy in Kiribati

(CPV) - The Asian Development Bank (ADB) joined the Government of Kiribati and other development partners in a groundbreaking ceremony today to officially mark the first step toward the construction of the largest solar photovoltaic plant in Kiribati.

Easing inflation, domestic demand to support faster Philippine growth
Easing inflation, domestic demand to support faster Philippine growth

(CPV) - The Philippine economy is expected to post faster growth this year and the next on the back of slowing inflation, stronger and broad-based domestic demand, and higher public investment, according to a new report released by the Asian Development Bank (ADB) on April 11th 2024.

ADB forecasts developing Asia’s economy to grow 4 9 in 2024
ADB forecasts developing Asia’s economy to grow 4.9% in 2024

(CPV) - Developing economies in Asia and the Pacific are forecast to expand by 4.9% on average this year as the region continues its resilient growth amid robust domestic demand, improving semiconductor exports, and recovering tourism.

Laos strengthens road safety measures during Bunpimay festival
Laos strengthens road safety measures during Bunpimay festival

The Ministry of Public Security of Laos will deploy more than 700 traffic police officers to over 100 intersections across the capital Vientiane to ensure road safety during the Lao New Year celebration, Bunpimay festival, in mid-April.

ADB readies ASEAN climate finance policy platform
ADB readies ASEAN climate finance policy platform

(CPV) - The Asian Development Bank (ADB) plans to launch an ASEAN Climate Finance Policy Platform, which will support Southeast Asian finance ministry leaders in advancing collective action in the battle against climate change, ADB President Masatsugu Asakawa announced on the early of April.

Indonesia strives to control domestic rice prices
Indonesia strives to control domestic rice prices

Head of the National Food Agency of Indonesia (Bapanas) Arief Prasetyo Adi said on April 4 that the rice assistance programme for citizens is progressing positively, contributing to price control.

ASEAN commits to close finance-banking cooperation
ASEAN commits to close finance-banking cooperation

A Vietnamese delegation led by Minister of Finance Ho Duc Phoc and Deputy Governor of the State Bank of Vietnam Pham Quang Dung attended the 11th ASEAN Finance Ministers and Central Bank Governors’ Meeting (11th AFMGM) held in Luang Prabang, Laos, on April 5.