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ASIA Unit Trusts Bhd (AUTB), a subsidiary of Malaysian Industrial Development Finance Bhd (MIDF) Group, has declared a gross distribution of 3 sen cash payout or 8.4% to the unit-holders of its AUTB Dana Bakti (ADB) for the financial year ended June 15, 2004.
Its mandate is to lift Asians out of poverty but its strategy is strictly business - financing business, that is.
North Korea wants to join the Asian Development Bank to seek economic aid for its impoverished people, but the bank's member nations are split on whether to admit the isolated communist nation, the ADB's president said Monday
China vowed Monday to slow down its economy gradually so that growth in neighboring countries won't suffer, as the Asian Development Bank wrapped up its annual meeting aimed at integrating the region's markets and reducing poverty.
Fixed exchange rates for the yuan and other Asian currencies and soaring foreign reserves in the region may spark a financial crisis such as the one in 1997-98 that brought recessions to six of the top 10 Asian economies, the Asian Development Bank said.