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Cambodia gets US$97mil investment for irrigation project
PHNOM PENH (The Phnom Penh Post/ANN): Minister of Economy and Finance Aun Pornmoniroth said the Cambodian government welcomed investments worth €80 million (US$97 million) from the European Investment Bank (EIB) for the Irrigated Agriculture Improvement Project (IAIP) in Cambodia.
Exclusive: U.S. warns Pacific islands about Chinese bid for undersea cable project - sources
SYDNEY (Reuters) - The United States has warned Pacific island nations about security threats posed by a Chinese company's cut-price bid to build an undersea internet cable, two sources told Reuters, part of an international development project in the region.
Elevated walkway to offer seamless access in Manila's Edsa
MANILA (Philippine Daily Inquirer/ANN): By 2022, pedestrians and commuters can hop from one public transport to another along Edsa, Metro Manila’s main and congested thoroughfare, safely and seamlessly through what project proponents describe as greenways to be financed partly by an Asian Development Bank (ADB) loan.
Philippines war chest not enough
MANILA: The Philippines’ war chest against Covid-19 may not be enough to bankroll the huge financial support needed to recover from the pandemic-induced recession as well as resume jobs and livelihood, according to an Asian Development Bank (ADB) report.
Philippines: ADB launches US$9bil Covid-19 vaccine initiative for developing Asia
MANILA, Dec 13 (Bernama): The Asian Development Bank (ADB) has launched a US$9 billion COVID-19 vaccine initiative - the Asia Pacific Vaccine Access Facility (APVAX), offering rapid and equitable support to its developing members as they procure and deliver effective and safe coronavirus disease vaccines.
ADB: Thai economy to grow 4% next year, 1 point lower than Asean average
BANGKOK, Dec 13 (The Nation Thailand/ANN): The Thai economy will grow 4 per cent next year – more than 1 percentage point lower than South-East Asia’s average, according to the latest forecast by the Asian Development Bank (ADB).
Less severe contraction seen for developing Asia
Prolonged pandemic remains a risk to outlook
Developing Asia's 2020 contraction to be less severe, ADB says
MANILA: Developing Asia is on course to contract this year, but probably less than previously thought as China recovers faster than expected, although the prolonged pandemic remains a risk to the outlook, the Asian Development Bank (ADB) said on Thursday.
Philippines’ virus losses to breach 10% of GDP
MANILA: Covid-19’s impact on economies will spill over to next year such that the pandemic-induced economic losses in the Philippines would exceed 10% of gross domestic product (GDP) both in 2020 and 2021, especially due to a slow recovery in consumer confidence, according to the Asian Development Bank (ADB).
LRT plan to proceed despite hiccup
EVEN without the RM2bil Federal Government guarantee for the Bayan Lepas light rail transit (LRT) project funding, the Penang government will find a way to see the project become a reality.
