Articles by Asian Development Bank

  • Deflation Fears In Asia And Europe As Oil Prices Continue To FallDeflation Fears In Asia And Europe As Oil Prices Continue To Fall

    January 15 2015 1:30 PM

    Falling oil prices may be impacting not only countries that produce the commodity but also oil-importing countries.

  • Haiyan (Yolanda) Update: $700 Million Insurance Bill for Philippines; 5.1 Million Workers Lose Source of Livelihood (VIDEOS)

    November 18 2013 9:00 AM

    Typhoon-battered Philippines have felt the impact of super storm Haiyan (Yolanda) as the 315-kph Category 5 Hurricane-equivalent massively destroyed homes, crops and infrastructure in the central part of the country, particularly provinces located in the Visayas.

  • Majority Of Global Donor Organisations Fare Poorly In Aid Transparency Index

    October 28 2013 10:37 AM

    Over 40 major donor organisations, including government and private agencies, received "Poor" or "Very Poor" scores in the latest Aid Transparency Index (ATI), bringing into question how and where foreign aid money is being spent, contrary to prior pledges towards more openness.

  • Will China’s Yuan Currency Be Ready for the Big Time?

    October 21 2013 4:10 PM

    If you thought Fortescue Metals Twiggy Forrest's bank account could fill up fast, check out the People's Bank of China. Data revealed this week that China's foreign exchange reserves increased $US160 billion to hit US$3.7 trillion. That's some serious money.

  • Philippines Mulling Mandatory Earthquake Insurance Law

    August 01 2013 11:27 AM

    The Philippine legislature is set to propose a bill that would require residential owners and SMEs (small and medium enterprises) to insure their homes and structures against earthquakes.

  • Bond Markets Sluggish after Talks of QE Rollback

    June 18 2013 4:53 PM

    The Australian bond market drops after news that Federal Reserve will slow down on its bond buying spree.

  • ADB Selects Takehiko Nakao as New President

    April 26 2013 3:23 PM

    Takehiko Nakao has been unanimously elected President of the Asian Development Bank (ADB) by its Board of Governors.

  • ADB: Asia’s Countries to See Weak Recovery but Face Several Risks

    April 10 2013 10:53 AM

    According to the newest survey, the Asian Development Bank expects Asia's emerging economies to witness a weak recovery in 2013. However, the Manila-based bank underlined that the expected rebound might be challenged by several risks, including the ongoing crisis in the European Union, the so-called US fiscal shock and the reemergence of the nationalism in Asia itself.

  • World Bank Willing to Work with its Challenger Development Bank from BRICS

    March 28 2013 9:20 AM

    The World Bank on Tuesday said that it was ready to support the new development bank being established by Brazil, Russia, India, China and South Africa (BRICS), in a statement just hours after the groups of emerging nations reached a deal to challenge nearly seven decades of World Bank dominance.

  • Sri Lanka’s Housing Market Remains Healthy

    September 24 2012 7:09 AM

    Sri Lanka's house price rises continue, as security issues get sorted out. There's no official house price data in Sri Lanka, but developers and homebuyers confirm there have been double-digit property price rises.

  • Transport Agreement Opens 1,300-Km Road Linking China with North Vietnam

    August 23 2012 1:36 PM

    The Asian Development Bank announced on Thursday the signing of a road transport agreement between China and Vietnam which opened a 1,300-kilometre road that links the two Asian nations.

  • Chinese Yuan Likely To Become Regional Currency – ADB

    July 20 2012 2:54 PM

    It won't be long before the Chinese yuan, or renminbi, becomes Asia's regional currency, what with the number of trade transactions using China's currency as preferred mode of financial settlement.

  • Australia Boosts Foreign Aid Budget to $7.7 Billion, Chunk Goes to Asia-Pacific

    May 09 2012 11:36 AM

    Australian Foreign Minister Bob Carr announced on Wednesday the launch of a Comprehensive Aid Policy Framework that will serve as guide to the growth of Canberra's foreign aid budget over the next four years. The launch is timely because of the increase of Australia's foreign aid budget to $7.7 billion in 2015-16 from the current $4.9 billion.

  • ADB: Economies of China, India, Asean to Outperform US, Western Counterparts in 2030

    May 03 2012 2:02 PM

    Unlike their US and Western counterparts whose economies have been largely saddled by the global fiscal uncertainty, China and India, along with members of the ASEAN (Association of Southeast Asian Nations) group, have been forecast to continue their growth of momentum well beyond year 2030.

  • NZ Trade to Strengthen Ties with Indonesia

    April 16 2012 12:30 PM

    Trade Minister Tim Groser says New Zealand must strengthen economic ties with Indonesia, New Zealand Herald reports. Even as Mr Groser acknowledged "some problems" within Indonesia, he stressed Indonesia was a fully democratic state and hinted New Zealand should look closely into opportunities with the fast-developing Southeast Asian nation.

  • China Moves to Lower Carbon Emissions

    January 25 2012 4:33 PM

    The Asian Development Bank (ADB) will help the People's Republic of China (PRC) set up a pilot provincial emissions trading system that could pave the way for a national scheme and lower greenhouse gas emissions in the country.

  • Asia: ADB Cuts 2011, 2012 Forecasts For East Asia, Asia

    December 12 2011 10:43 AM

    The Asian Development Bank has trimmed its 2012 growth forecast for emerging East Asian economies including China, as the eurozone crisis threatens to further slow an already weakening global economy.

  • Asia: ADB Cuts 2011, 2012 Forecasts For East Asia, Asia

    December 07 2011 1:14 PM

    The Asian Development Bank has trimmed its 2012 growth forecast for emerging East Asian economies including China, as the eurozone crisis threatens to further slow an already weakening global economy.

  • Australia grants cash aid for poor families in the Philippines

    December 05 2011 2:46 PM

    The Australian government is providing $5 million in cash grants for poor families in the Philippines to help them continue sending children to school.

  • ADB: Accountability, Transparency Key to Inclusive Growth in Asia

    December 01 2011 12:21 AM

    Greater accountability and better fiscal management are needed to achieve more inclusive growth in developing Asia-Pacific nations, Asian Development Bank (ADB) President Haruhiko Kuroda said on Wednesday.