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‘While I breathe, I hope’: In conversation with Ali Gharavi of the #Istanbul10

Gharavi, a security consultant, was among ten human rights defenders arrested in Turkey in July 2017 at an information management and well-being workshop.




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The coronavirus pandemic intensifies Islamophobia in India

Since the start of India's COVID-19 lockdown on March 25, 2020, instances of Islamophobia have intensified, threatening the life, rights, and integrity of millions of Muslims.





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Benin's partial withdrawal from African Charter of Human Rights is a retreat from democracy

Benin drops 17 places in the 2020 World Press Freedom Index, following the withdrawal from a key document of the African Charter of Human and People's Rights.





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ADB President, Bangladesh Finance Minister Discuss Support for COVID-19 Response

ADB President Masatsugu Asakawa and Bangladesh Finance Minister and ADB Governor A H M Mustafa Kamal today discussed ADB’s support to Bangladesh in its fight against the novel coronavirus disease (COVID-19) pandemic.




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ADB Sells $4.5 Billion 5-Year Global Benchmark Bond

ADB returned to the US dollar bond market with the pricing of a $4.5 billion 5-year global benchmark bond issue, proceeds of which will be part of ADB’s ordinary capital resources.




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ADB Announces $15 Million Loan to Help Palau Combat COVID-19

The Government of Palau will draw down on a $15 million policy-based loan from ADB's Disaster Resilience Program to help finance the country’s response to the novel coronavirus disease (COVID-19) pandemic.




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ADB Announces $6 Million Grant to Help Marshall Islands Combat COVID-19

ADB today announced the release of a $6 million grant from its Pacific Disaster Resilience Program (Phase 2) to help finance the Government of the Marshall Islands’ response to the novel coronavirus disease (COVID-19) pandemic.




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ADB Approves $1.5 Billion for Indonesia's COVID-19 Response

ADB today approved $1.5 billion in financing to support the Government of Indonesia’s efforts to alleviate the impact of the novel coronavirus disease (COVID-19) pandemic on public health, livelihoods, and the economy.




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ADB Provides $6 Million Assistance for Solomon Islands' COVID-19 Response

ADB today announced the release of a $3 million grant and a $3 million concessional loan from its Pacific Disaster Resilience Program (Phase 2) to help finance the Government of Solomon Islands’ response to the COVID-19...




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ADB Approves $1.5 Billion Financing to Support the Philippines' COVID-19 Response

ADB has approved a $1.5 billion loan to help the Philippine government fund its novel coronavirus disease (COVID-19) response program and strengthen the country’s health care system in its fight against the pandemic.




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ADB Accelerating Renewable Energy in Mongolia with Advanced Battery Storage System

ADB has approved a $100 million loan to help supply renewable energy to Mongolia by installing its first large-scale advanced battery energy storage system.




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ADB, AIM Launch Global Hackathon for Digital Ideas to Respond to COVID-19 Crisis

ADB and AIM today launched the #DigitalAgainstCOVID-19 virtual challenge to crowdsource digital solutions and ideas to help countries in Asia and the Pacific deal with the medium- and long-term...




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ADB President, Pakistan Minister of Economic Affairs Discuss Scaling Up Support to Combat COVID-19

ADB President Masatsugu Asakawa and Pakistan’s Federal Minister for Economic Affairs and ADB Governor Makhdoom Khusro Bukhtiar today discussed how ADB can scale up its support for the government’s response to the COVID-19...




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ADB Approves $177 Million Loan for Road Improvement in India's Maharashtra State

ADB has approved a $177 million loan to India to upgrade 450 kilometers (km) of state highways and major district roads in Maharashtra State.




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ADB Needs to Strengthen Project Sustainability to Enhance Performance

ADB needs to address issues causing weak sustainability of its projects to improve performance, says the 2020 Annual Evaluation Review (AER) conducted by ADB’s Independent Evaluation Department.




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ADB Approves $200 Million Loan to Support the Philippines' Poor Amid COVID-19

ADB today approved a $200 million loan to support the Philippine government’s effort to provide emergency cash subsidies to vulnerable households amid the novel coronavirus disease (COVID-19) pandemic.




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ADB Approves $1.5 Billion Financing to Support India's COVID-19 Response

ADB today approved a $1.5 billion loan to the Government of India to help fund its response to the COVID-19 pandemic, including support for immediate priorities such as disease containment and prevention, as well as social...




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ADB President, AFD CEO Discuss Strengthening Cooperation on COVID-19

ADB President Masatsugu Asakawa and AFD Chief Executive Officer Rémy Rioux held discussions today on strengthening the partnership between ADB and AFD to respond to the novel coronavirus disease (COVID-19) pandemic.




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ADB Provides Fiji $400,000 Relief Grant After Cyclone Harold

ADB today announced a $400,000 grant to the Government of Fiji to help fund priority recovery activities following Tropical Cyclone Harold, which hit Fiji's western, central, and eastern divisions on 8 and 9 April.




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ADB Provides $346 Million Loan for Rural Electricity in Maharashtra, India

ADB has approved a $346 million loan to India to help provide efficient and reliable power connection to rural agriculture customers in the state of Maharashtra.




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ADB President, Nepal Finance Minister Discuss Support for COVID-19 Response

ADB President Masatsugu Asakawa and Nepal Finance Minister and ADB Governor Yuba Raj Khatiwada today discussed ADB’s support to Nepal in its fight against the novel coronavirus disease (COVID-19) pandemic.




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ADB Approves $100 Million to Support COVID-19 Response in Bangladesh

ADB today approved a $100 million loan to support the Government of Bangladesh in its efforts to address the immediate public health requirements of combatting the novel coronavirus disease (COVID-19) pandemic.




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Japan to Support ADB Developing Member Countries' Response to COVID-19 Challenges

ADB has provided several targeted interventions to support its developing member countries in combating the effects of the COVID-19 pandemic from its early stages. In support of ADB’s effort, the Government of Japan is...




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ADB Provides $200,000 Grant to Tonga for Cyclone Harold Relief

ADB today approved a $200,000 (460,000 pa’anga) grant to the Government of Tonga to help restore life-sustaining services following the damage from Tropical Cyclone Harold.




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ADB $50 Million Package to Help Kyrgyz Republic Mitigate Health, Social, Economic Impacts of COVID-19

ADB has approved $50 million in loan and grant financing to help the Government of the Kyrgyz Republic mitigate the significant negative health, social, and economic impacts of the novel coronavirus disease (COVID-19) pandemic.




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ADB Approves $20 Million to Support Bhutan's COVID-19 Response

ADB today approved a $20 million loan to support Bhutan’s efforts to stimulate the economy, protect public health, and mitigate the effects of the novel coronavirus disease (COVID-19) pandemic on its people.




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ADB, Mongolia Sign Loans to Modernize Vegetable Production, Irrigation

ADB and the Government of Mongolia today signed $40 million in loans and a $2 million Japan Fund for Poverty Reduction grant to support the modernization of government-owned irrigation networks and vegetable production in Mongolia.




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ADB’s Trade Finance Program Supports Medical Supplies to Combat Pandemic in Sri Lanka

The Asian Development Bank (ADB) has provided a guarantee for a $25 million trade loan to the State Pharmaceuticals Corporation of Sri Lanka (SPC) to purchase medical supplies as part of the country’s response to the novel ....




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ADB Approves $500 Million for Bangladesh's COVID-19 Response

ADB today approved an additional $500 million loan to bolster the efforts of the Government of Bangladesh to manage the impact of the novel coronavirus disease (COVID-19) pandemic on the country’s economy and the public health.




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ADB President, Bhutan Finance Minister Discuss COVID-19 Response

ADB President Masatsugu Asakawa and Bhutan Finance Minister and ADB Governor Namgay Tshering today discussed ADB’s support to the country in its fight against the novel coronavirus disease (COVID-19) pandemic.




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ADB Provides $30 Million Extra to Mongolia Health Project to Fight COVID-19

ADB has approved $30 million in extra financing for a health sector project in Mongolia to strengthen the country’s preparedness and response to the novel coronavirus disease (COVID-19) pandemic.




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ADB-Funded Laboratory to Scale Up COVID-19 Testing in the Philippines

The Philippines’ Department of Health (DOH), with support from ADB, has set up a new laboratory in Pampanga province, north of the capital Manila. It will significantly increase the government’s testing capacity for COVID-19...




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ADB Releases Annual Report of Development Effectiveness

ADB has released the 13th annual performance report of its corporate results framework, the Development Effectiveness Review, a management tool that monitors performance and progress during 2019.




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Tata Housing’s subsidiary to invest Rs 300 crore near Chennai

Tata Value Homes Limited (TVHL), a 100% subsidiary of Tata Housing Development Company Limited, today strengthened its presence in South India by developing Spanish themed residential township at Sriperumbudur, near Chennai. The company plans to Invest around Rs 300 crore in setting up this township. Inspired by Spanish living, Santorini is designed by architects F+A. The township is spread across lush greenery at Sriperumbudur, one of the fastest growing corridors in Chennai. Speaking on the project Brotin Banerjee, MD & CEO, Tata Housing Development Co. Ltd., said, with rapid urbanisation and influx of global lifestyle trends more and more affluent home buyers are looking for homes to reflect the financial […]



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Illegal buildings in Tamil Nadu face the axe

CHENNAI: Thousands of unauthorised buildings in the state are facing demolition after the Madras high court on Monday quashed two government orders that proposed to legalise illegal structures built till July 1, 2007. The first bench comprising Chief Justice R K Agrawal and Justice M Sathyanaryanan said: “But for the lackadaisical attitude on the part of the authorities, such an alarming and mushrooming growth of unauthorized and illegal constructions would not have come into place.” The bench was delivering verdict on two PILs against October 30, 2012 government orders extending amnesty schemes for illegal buildings constructed between 1999 and July 1, 2007. “The state government and statutory authorities concerned are […]




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‘Difficult to give flawless property papers’

CHENNAI: As if land grab bids and ‘double documents’ are not menace enough for property owners/buyers, the state registration department shocked the Madras high court on Monday, saying it is difficult to issue encumbrance certificates without any fault. An encumbrance certificate (EC) is the basic document which reveals the current status of an immovable property. It is supposed to contain correct ownership details of a piece of property and inform the applicant whether it is encumbered or mortgaged in favour of a bank or any individual. However, responding to an anticipatory bail petition of a landowner who ended up purchasing another person’s property as the EC did not reflect latest […]




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Indian Bank puts Gautham Menon’s property on the block

CHENNAI: The Kotturpuram branch of Indian Bank has invited tenders for auction of a property belonging to film producer and director Gautham Vasudev Menon in Adyar. As per details on Tenders India (a government tender information system), the auction process for the property located on First Main Road in Indira Nagar, has begun with the tender value being quoted at 12.26 crore. The winning bidder, expected to put up 50 lakh as a deposit. The property is 7,091 sqft, and the market price of each ground (2,400 sqft) in the area is 4.5 crore to 5 crore. “This particular account has been a non-performing asset (NPA) for some time and […]




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Five-star hotel comes down to make room for apartments

CHENNAI: City builder Ceebros has started pulling down the unfinished JW Marriott Hotel in the city, which it had bought from Hyderabad-based Viceroy Hotels for 480 crore last year. Viceroy group sold the property in MRC Nagar after completing the shell of the hotel because the hospitality sector in Chennai is going through a serious crisis with low occupancy in most five-star hotels. With more than half a dozen new star hotels being opened in the city in recent years, there is very high room inventory and hotels are struggling for business, say industry sources. Ceebros is pulling down the unfinished J W Marriott structure to redevelop it into a […]




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Chennai in list of top 12 realty investment destinations

CHENNAI: Strong English speaking skills and a wide mix of industries that promotes cross pollination of work culture has made Chennai one of the top 12 cities in the world for real estate investments. This is the first global recognition the city has received; it is also the lone Indian city on the list. The Candy GPS Report, published on Friday, identifies 12 cities around the globe with the potential to show strong residential property price growth in the next few years. The report — produced by Candy & Candy, Savills World Research and Deutsche Asset & Wealth Management — said, “Prices in these rising cities are generally much lower […]




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India office property market overview

Mumbai: During 1Q 2014, the Mumbai office markets witnessed a further decline in office space absorption indicating cautious occupier sentiment. This lack of demand can be attributed to a low level of IT/ITeS sector participation in the overall absorption, which is currently the primary demand generating sector across the cities. This quarter only about 0.42 million sq ft of Grade A office space was leased with a few mid-sized deals concluded in Central and Western Suburbs, and Navi Mumbai. Construction activities remained slow. No projects / phases of projects were completed this quarter. Developers also refrained from launching new projects due to low demand. More than 7.5 million sq ft […]




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Home sales expected to rise 26 per cent in second half of 2014: Knight Frank

After a lacklustre first half, home sales across the top six cities in the country are expected to rise 26 per cent in the second half of 2014 compared to a year ago, according to a research report by property advisory firm Knight Frank. A negative sentiment among home buyers due to the slow economy, high interest rates, inflation and also political uncertainty had tempered home sales in the first half of the year. While new launches in the period dropped 32 per cent, sales volume was down 27 per cent. But now, with a positive election result, a stable government at the centre and sops for the housing sector […]




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Narayana Murthy invests in realty, Azim Premji to follow suit

BANGALORE: Property has always been a major investment avenue of the rich. Now, some of the people one would expect to focus on enterprising ventures are also looking at rent-yielding property. Infosys co-founder NR Narayana Murthy’s family office has bought high-end luxury apartments in Bangalore and Mumbai, said sources familiar with the development. Catamaran Ventures, which manages part of Murthy’s wealth, has previously invested in e-commerce, FMCG and education ventures. Another source said that Premji Invest, the family office of Wipro chairman Azim Premji, is also scouting for real estate assets in metros. A couple of years ago, Premji, in his personal capacity, had picked up a few properties in […]




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Property portal CommonFloor raises $30 million

BANGALORE: Online real estate portal CommonFloor has raised $30 million (over Rs180 crore) in its fifth round from existing investor Tiger Global. In January, the Bangalore-based company had raised about Rs 65 crore from Tiger Global and Accel Partners. Sumit Jain, cofounder and chief executive officer of CommonFloor, confirmed the investment. “We will invest in technology, product development, hiring and expanding to at least 22 new cities in the next one year,” he said. While the company did not disclose the valuation it received, Jain said that Common Floor expects to earn a revenue of $25 million in the next one year. “We have grown 100% in terms of revenue […]




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‘By March, $10 billion of real estate investment trusts may get listed if Govt provides tax relief’

Alastair Hughes, CEO (Asia Pacific) of Jones Lang LaSalle (JLL), who was in Bangalore to hold a board meeting of the Asia Pacific region comprising China, Japan, Australia, South East Asia and India, spoke to BusinessLine to share the real estate market sentiment and key issues on corporate leasing. How is the realty market in India as compared to other countries in Asia Pacific ? India has seen a dramatic recovery. The hangover did not last very long as it had in 2010-2011. The market is very dynamic here right now. While Asia-Pacific began to recover in 2012-2013, India went through a lull, largely due to lack of business confidence, […]




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UNWRA launches coronavirus appeal

The United Nations agency for Palestinian refugees (UNRWA) launched an emergency coronavirus appeal Friday, saying Palestinians across the Middle East were suffering a devastating socio-economic impact.




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Tunisia inspects cargo on Turkish aid plane headed for Libya

Tunisia said it inspected a Turkish plane headed for Libya with medical aid that landed at an airport near the border.




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Saudi Arabia coronavirus cases exceed 35,000

The number of coronavirus cases in Saudi Arabia exceeded 35,000 on Friday as the kingdom struggles to get to grips with rising numbers of new infections.