South Asia

MONTREAL  – Asia is experiencing the highest infrastructure investment rates globally, led by transportation and energy sector expansion. Yet much of this planned infrastructure will bisect some of the world’s most biodiverse areas and…
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Jakarta – Indonesia is projected to experience strong growth of 5.2 percent in 2022 thanks to the post-COVID-19 reopening of the economy and commodity price rises, with growth expected to be maintained on average at 4.9 percent over the…
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BANGKOK  – Thailand’s economy is projected to recover to its pre-pandemic level in 2022, but the pace of growth will be slower-than-expected in 2023 owing to global headwinds. The economy is projected to expand by 3.4 percent in 2022 and…
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MANILA — The Asian Development Bank (ADB) has approved a $93 million loan to enhance shrimp farming by smallholder farmers in seven provinces in Indonesia. The Infrastructure Improvement for Shrimp Aquaculture Project will help the…
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A SpaceX Falcon 9 rocket yesterday carried into space the first ever Arab-built lunar spacecraft. It was launched from the Cape Canaveral Space Force Station in Florida. The Rashid Rover was built by Dubai’s Mohammed bin Rashid Space Centre…
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The US has said that Russia and Iran's relationship has warmed to a full-fledged defence partnership. Russia is giving an unprecedented level of military support, said US national security council spokesman John Kirby. The US has seen…
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ULAANBAATAR  — The Asian Development Bank (ADB), Ulaanbaatar Flour (UBF), Tavan Bogd Foods (TBF), and Tavan Bogd Foods Pizza (TBF Pizza) today signed an $18 million loan to support food security and job creation in Mongolia. This assistance…
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BANGKOK  — The Government Housing Bank of Thailand, with support from the Asian Development Bank (ADB), has issued its first sustainability bonds in accordance with the International Capital Market Association’s Sustainability Bond…
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MANILA  — The Asian Development Bank (ADB) has approved a loan equivalent of $138.52 million to support a Government of Indonesia strategy to commercialize research and development (R&D) and improve start-up success at four science and…
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Ministers and high-level officials today renewed commitments from Asia-Pacific countries to boost regional cooperation in climate action, sustainable urban development, the protection of ecosystems and oceans, and implementing environmental…
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