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‘Demolition jobs’: Why Philippines’ literal war vs. poor ain’t working

By Tonyo Cruz Thu, May 03, 2012 2:06PM UTC View Comments

The brutal demolition operations against so-called informal settlers in Metro Manila and elsewhere in the Philippines bring to fore many festering social, economic and political issues in the country. And as Manila hosts a grand meeting of the Asian Development Bank, the demolitions and the reported erection of walls to hide the slum areas from...

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Asia still home to many of the world’s poor

By Chalid Nasution Thu, Aug 25, 2011 8:33PM UTC View Comments

Asian Development Bank (ADB) revealed that Asia is still home to many of the world’s poor. ADB revealed that more than 40% of the population live below US$2 per day, or at the poverty line. ADB said Asian policy makers should take firm steps to generate productive employment if the region wants to maintain and...

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Bangladesh signs $190m railway upgrade deal with Chinese firm

By Syed Tashfin Chowdhury Thu, Jul 28, 2011 7:22PM UTC View Comments

As a part of infrastructure improvement, Bangladesh Railway signed a Tk 14.05 billion ($190 million) deal with a Chinese firm to upgrade the Tongi-Bhairab Bazar single-line track to double lines on July 27. Besides the upgrading, the project also includes the improvement of the signaling system on Dhaka-Chittagong main line. The project has been signed...

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Bangladesh opts for $6.45bn worth of transport projects

By Syed Tashfin Chowdhury Fri, Jun 24, 2011 11:07AM UTC View Comments

With a $23 million technical assistance loan from the Asian Development Bank (ADB), the Bangladesh government has planned to construct and upgrade 2,000 kilometres of land transport network that can enhance cross-border trade and establish greater connectivity across South Asia, as reported by the Daily Star on June 24. According to the agreement signed between...

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Japan provides $670m assistance for Bangladesh projects

By Syed Tashfin Chowdhury Thu, May 19, 2011 3:46PM UTC View Comments

Despite its problems at home, Japan has handed over around 670m to Bangladesh for three important projects – the Padma Multipurpose Bridge, the Khulna Water Supply Project and the development of small and medium sized enterprises. Bangladesh’s Economic Relations Division (ERD) Secretary Musharraf Hossain Bhuiyan, Japanese Ambassador to Bangladesh Tamotsu Shinotsuka and Chief Representative of...

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