The 29th session of the Conference of the Parties on climate change has officially kicked off in Baku, Azerbaijan, with the promise of striking yet another historic global climate deal and finance adaptation, gender responsive action and financing, and forgotten issues such as food waste are top on the agenda as every action is as […]

So, the worst has happened. American voters have apparently just elected the most chaotic and kleptocratic individual in their country’s political history as their president. (We say ‘apparently’, because these days nothing can be certain about the integrity of the US political or electoral system – as is the case with far too many other […]

"If Cumpio and Domequil who have voices to speak for being a journalist and a church worker respectfully are already being persecuted by weaponized laws, how can an ordinary Filipino seek justice for himself?"

Karapatan said that the quadcomm hearings revealed the involvement of Duterte’s people in perpetrating human rights violations against activists and human rights defenders.

“We were not hiding anything,” Cumpio said during the hearing. “We would have allowed them in because we have nothing illegal to hide,” she said, referring to the Feb. 7, 2020 raids.

“We’re ready to testify before the QuadComm as victims of extrajudicial killings,” Rosenda Lemita said, stressing that they want Duterte and those responsible to face investigation. For these families, the government’s “nanlaban” excuse is not just for the drug war but also for silencing activists.

A male fourth-year business administration student of PHINMA Cagayan de Oro College stressed that the delay [of allowances] could affect students’ academic performance, especially those who do not have parents to rely on like him.

“Frenchie has finally had an opportunity to take the stand to defend herself. It has taken the government nearly half a decade to prepare a case against Frenchie and during this long period, this young woman has been left to languish in detention. That itself raises serious questions about the fairness of the process."

Days before Kristine (international name: Trami) developed into a severe tropical storm, the Philippine Sea was warmer than usual. Under the warming climate, the typhoon-prone Bicol Region is more vulnerable with decimated forests. Both Camarines Sur and Albay saw a net loss of tree cover from 2000 to 2020, according to Global Forest Watch.

It’s no coincidence that extreme heat is engulfing huge swaths of Asia, Europe and North America all at the same time.

By-elections were seen as an indicator of the two main parties' prospects at a time when voters are struggling with high inflation, strikes and rising mortgage rates.

Toyota has teamed up with JAXA since 2019 to develop the manned lunar rover — which it dubbed the Lunar Cruiser — that they hope can be put on the moon in 2029.

Iran’s President Masoud Pezeshkian said Tehran will not be able to ignore its arch-foe the United States and needs to “handle its enemies with forbearance”, state media reported on Tuesday, a week after Donald Trump won the U.S. presidential election. “Whether we like it or not, we will have to deal with the U.S. in […]

He is one of the most famous composers of our time. His compositions are heard in the greatest music halls in the world and now, the chamber music studio The Symphonians, is bringing Ludovico Einaudi’s music to life in Limassol. A special concert is planned for November 20 as Pattichio Theatre welcomes an ensemble to […]

The town planning department on Tuesday signed a contract for the demolition of two apartment buildings in the government housing settlement of Platy in Aglandja, Nicosia, as part of the government’s Ktizo plan, which aims atimproving living conditions in refugee estates. According to a statement released by the interior ministry, the agreed cost for the […]

A bill discussed at the House labour committee on Tuesday would change pensions given to widowers and see them brought in line with those given to widows. It was submitted by independent socialist MP Kostis Efstathiou. Akel MP and committee chair Andreas Kafkalias said the current division between widowers who receive a pension and those […]

The energy regulator said on Tuesday it will review data purporting to show how the Electricity Authority of Cyprus (EAC) could “trim the fat” and cut costs by up to 15 per cent, translating into lower utility bills for consumers. The EAC’s “fat” has become a buzzword after Michalis Persianis, head of the Fiscal Council, […]

Construction company Aktor (formerly Intrakat) is now seeking over €35 million in damages through the courts after the public works department terminated the contract with regarding the Paphos-Polis road project, according to its CEO Alexandros Exarchou, who spoke at an online press conference. “We are compelled to pursue our legal rights in Cyprus and, if […]

The Paphos-Polis highway is the fourth public project this government has terminated because of major disputes with the contractor. Last year it pulled the plug on the waste treatment plant in Pentakomo, while earlier this year it ended the contract for the Larnaca port and marina with Kition Ocean Holdings followed by the termination of […]

The Bank of Cyprus (BoC) on Tuesday reported a profit after tax of €401 million for the first nine months of 2024, representing a 15 per cent increase year-on-year. According to the bank’s latest financial results, €131 million of this amount was generated during the third quarter. “We continue to generate strong financial and operational […]

More European Central Bank interest rate cuts are coming and the deposit rate could hit the so-called neutral level in the first half of next year, Finnish central bank chief Olli Rehn said on Tuesday. The ECB has already cut rates three times this year as prices have fallen and further cuts at each of […]

Wednesday will be mainly sunny in most areas with a chance of isolated afternoon rains, mainly in the mountains and in the south. Temperatures will rise to 25C inland and on the coasts and 14C in the higher mountains. Winds will be mainly south-to north-westerly, light to moderate, up to 4 Beaufort. The sea will […]

U.S. President-elect Donald Trump on Tuesday named Elon Musk to a role aimed at creating a more efficient government, handing even more influence to the world’s richest man who donated millions of dollars to helping Trump get elected. Pete Hegseth, a Fox News commentator and veteran has been picked for the post of secretary of state. […]

A 15-year-old was seriously injured while riding a moped overnight in the Famagusta district. According to the police, the accident happened around 9pm on Tuesday in Xylophagou, when a 35-year-old woman driving on Anastassi Manoli Street, under circumstances that are being investigated, ran over and injured the 15-year-old boy. The 15-year-old was initially taken by […]

The United States stressed at the United Nations that “there must be no forcible displacement, nor policy of starvation in Gaza” by Israel, warning such policies would have grave implications under U.S. and international law. The remarks by U.S. Ambassador to the U.N. Linda Thomas-Greenfield came just hours after Washington said its ally Israel was […]

“Cyprus has gone from zero to over 330 licensed investment entities managing €9 billion in assets in just a decade,” according to Maria Panayiotou, president of the Cyprus Investment Fund Association (CIFA). Speaking at the 5th Fund and Asset Management Conference in Athens, Panayiotou attributed this growth to “relentless effort and strategic vision.” She added […]

Police on Wednesday are investigating the theft of a large number of gold items after a search at a Nicosia gold shop. The owner of the property, aged 78, has been arrested and taken into custody for questioning. According to the police, the search happened as part of an ongoing investigation into a spate of […]

By Danielle Broadway Actor and director John Krasinski was named People magazine’s “sexiest man alive” for 2024 on Wednesday, taking over the mantle from “Grey’s Anatomy” actor Patrick Dempsey. “Just immediate blackout, actually. Zero thoughts,” Krasinski told People in reaction to the news. The actor is perhaps best known for his sardonic nice guy role […]

ADB’s Country Partnership Strategy for Bhutan for 2024-2028 aims to enable inclusive, sustainable, resilient, and job-creating growth.

The Asian Development Bank has launched a new country partnership strategy (CPS) to support the Philippines’ transformation in the next 6 years. It is designed to ensure sustainable, inclusive and resilient growth in the face of climate challenges.

Uncovering crucial gaps in climate change data systems reveals how these deficiencies hamper our understanding of climate impacts on vulnerable populations in developing Asia. How can we empower national statistical systems in collecting and analyzing data they need to effectively tackle climate change?

Understanding the roots and complexities of fragility helps ADB meet the challenges facing many countries in Asia and the Pacific.

Remarks by Masatsugu Asakawa, President, Asian Development Bank, at the 21st Annual Meeting of the Independent Accountability Mechanisms of Multilateral Banks and International Financial Institutions, 1 October 2024, ADB headquarters, Manila, Philippines

Decision makers need to analyze, exchange, and disseminate statistical information effectively in today’s data-driven world. See how Statistical Data and Metadata eXchange (SDMX) standards are helping create robust data links across the globe.

ADB sought to understand what improving transport meant for the community. Prior to project design, consultations were conducted with residents in Ulaanbaatar’s ger areas. Design decisions were tested back to ensure that mobility pain points were addressed.

A sovereign exposure exchange is a cost-effective risk management tool used by multilateral development banks (MDBs) to reduce sovereign portfolio concentration risks. It provides capital relief for MDBs by exchanging loan guarantees on credit exposure from borrowing countries where an MDB is highly concentrated for exposure to countries where the MBD’s exposure is lower or nonexistent.

The Innovative Finance Facility for Climate in Asia and the Pacific, or IF-CAP, is a multi-donor financing partnership facility with the goal of scaling-up finance for accelerated action against climate change in Asia and the Pacific.

This video introduces a new publication presenting five case studies of projects in the People's Republic of China that illustrate how effective solutions to environmental and social problems have been applied in different contexts.

ADB recently launched the Georgia Public–Private Partnership (PPP) Monitor. Helen Steward, Principal Markets Development Advisory Specialist in ADB’s Office of Markets Development and Public–Private Partnerships, explains what the PPP Monitor is all about.

Developing Asia’s outlook remains upbeat, with falling inflation and solid growth driven by strong domestic demand and exports. But risks remain, including geopolitical tensions and rising protectionism. How can the region remain resilient?

Mongolia's nomadic herders, reliant on fragile ecosystems, are facing increasing challenges from climate change. The Asian Development Bank is empowering these communities with small grants and targeted initiatives to build climate resilience.

ADB’s report on sovereign default and loss rates demonstrates the low credit risk in ADB's sovereign operations, with an average default rate of 0.54% over the last 34 years and zero new defaults from 2010 to 2021.

This infographic examines how extreme heat disproportionately impacts women in Asia and the Pacific, presenting data on health and economic vulnerabilities shaped by intersecting factors like age, hormonal influences, caregiving roles, and limited cooling access.

Remarks by Masatsugu Asakawa, President, Asian Development Bank, at the 8th Greater Mekong Subregion Summit, Leaders’ Retreat, 7 November 2024

Remarks by Masatsugu Asakawa, President, Asian Development Bank, at the 30 Years of Kazakhstan-ADB Anniversary Reception, 8 November 2024

Climate change is accelerating the melting of glaciers, threatening the essential services glaciers provide--such as water supply for drinking, hydropower, and agriculture--and increasing the risks of flooding and drought. As Asia and the Pacific's climate bank, ADB is working to protect ecosystems and communities, and enhance livelihoods and opportunities, amid accelerated glacial melt.

Keynote address by Masatsugu Asakawa, President, Asian Development Bank, at the 23rd Ministerial Conference of the Central Asia Regional Economic Cooperation Program, 8 November 2024

Bamboo value chain can be developed and scaled up to support climate action, create green jobs, resilient businesses, and financial health, especially for the region's rural communities.

Intervention by Masatsugu Asakawa, President, Asian Development Bank, on behalf of the multilateral development banks at COP29, World Leaders Summit, 12 November 2024

Remarks by Masatsugu Asakawa, President, Asian Development Bank, at the Innovative Finance Facility for Climate in Asia and the Pacific Kick-Off Event, 12 November 2024