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A group of street children watch protesters preparing to move out of a church compound during a rally coinciding with the 45th Annual Meeting of the Board of Governors of the Asian Development Bank Wednesday in Manila. Pic: AP.

Philippines erects wall to obscure view of slums

By AP News Thu, May 03, 2012 10:47AM UTC View Comments

MANILA, Philippines (AP) — Delegates attending an international conference in the Philippines capital may not see what they came to discuss: abject poverty. A makeshift, temporary wall has been erected across a bridge on a road from the airport to downtown Manila that hides a sprawling slum along a garbage-strewn creek. A Philippine official expressed...

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ADB cuts Asia growth forecasts

By Asia Sentinel Thu, Sep 15, 2011 11:12AM UTC View Comments

But says growth will be steady across the region at about 7.5 percent, reports Asia Sentinel The Asian Development Bank has cut its 2011 and 2012 growth forecasts for developing Asia, citing uncertainty over global economic prospects including the downgrade of United States log-term sovereign debt, tensions in the Eurozone over debt and the knock-on...

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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 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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