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Fiji general cites need to ‘stifle criticism’ in the fight against the COVID-19 pandemic

"The COVID-19 pandemic is not an excuse for human rights violations. Excessive force and brutality are unacceptable from any of our enforcement or security forces."








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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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Colorado GOP Chair Ken Buck pressured local official to submit incorrect election results

Colorado Republican Party Chair Ken Buck, a U.S. representative from Windsor, pressured a local party official to submit incorrect election results to set the primary ballot for a state Senate seat, according to an audio recording of a conference call obtained by The Denver Post.




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U.S. shelves detailed guide to reopening country amid coronavirus outbreak

A document created by the nation's top disease investigators with step-by-step advice to local authorities on how and when to reopen restaurants and other public places during the still-raging outbreak has been shelved by the Trump administration.





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Justice Department dropping Flynn’s Trump-Russia case

The Justice Department on Thursday said it is dropping the criminal case against President Donald Trump's first national security adviser, Michael Flynn, abandoning a prosecution that became a rallying cry for the president and his supporters in attacking the FBI's Trump-Russia investigation.




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Colorado Republican Chair Ken Buck in the hot seat after revelations over election results

Colorado Republican Chairman Ken Buck is facing criticism from within his own party after revelations that he pressured another party official to submit incorrect election results — and then spent party money to defend the move. At least two party executives say they were surprised to learn Buck — who’s also a U.S. representative — […]




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Ken Buck aide among those accused of election fraud, corruption by Weld County GOP chair

The Weld County GOP chairman has filed a complaint with the local district attorney and the Secretary of State’s Office accusing an aide to Republican U.S. Rep. Ken Buck and three others of election fraud and corruption.




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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 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 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 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 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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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 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 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 […]



  • Chennai
  • Real Estate Companies
  • Real Estate Developers
  • Real Estate India

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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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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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‘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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Pompeo, resuming travel, to meet Israel coalition government

U.S. Secretary of State Mike Pompeo will visit Israel in a show of support for the new coalition government, resuming travel after a coronavirus suspension, the State Department announced Friday.




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Iran-linked hackers recently targeted coronavirus drugmaker Gilead

Hackers linked to Iran have targeted staff at U.S. drugmaker Gilead Sciences Inc in recent weeks, according to publicly-available web archives reviewed by Reuters and three cybersecurity researchers, as the company races to deploy a treatment for the COVID-19 virus.




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Palestinians say they will defy Israeli order in prisoner payments dispute

Palestinian leaders vowed Friday to defy a new Israeli military order which they fear could lead to the confiscation of money destined for prisoners, their relatives and the families of those killed in unrest.




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Trump, Saudi Arabia reaffirm defense ties amid tensions

President Donald Trump and Saudi Arabia's King Salman spoke by phone Friday and "reaffirmed the strong United States-Saudi defense partnership," the White House said, amid tensions over Saudi's oil output.




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Turkmenistan: North–South Railway Project

The north–south railway line comprised two parts: the northern section, from Uzen (Kazakhstan) to Bereket (Turkmenistan), is 596 km long; and the southern section, from Bereket to Gorgan (Iran) is 338.5 km long. The government requested ADB to finance only the design and installation of the power supply, signal systems, and telecommunication systems for 311 km of the northern section, from Bereket to Hazar. The project’s expected impact was increased trade between Turkmenistan and other countries in the region.




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Indonesia: Integrated Citarum Water Resources Management Investment Program

The government of Indonesia wanted to improve land and water management in the Citarum River Basin, and requested assistance from the Asian Development Bank (ADB) to develop a long-term integrated water resources management (IWRM) investment program as part of its strategic road map. In December 2008, ADB approved a multitranche financing facility (MFF) for the Integrated Citarum Water Resources Management Investment Program to support the implementation of the IWRM road map in the basin. A periodic financing request was formulated to implement priority activities from the road map.




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Bangladesh: Public–Private Infrastructure Development Facility

The Public-Private Infrastructure Development Facility (the facility) directly supported the government of Banglahdesh infrastructure development agenda providing the much-needed long-term funds for infrastructure financing.These funds, at commercial terms with more than 20 years of maturity for infrastructure subprojects, filled a gap in the market at that time. The facility complemented the ongoing financial sector reforms and public-private partnerships (PPPs), all of which were intended to create an enabling environment for long-term infrastructure financing.




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Timor-Leste: Road Network Development Sector Project

The project’s targeted outcome was improved access to social and economic facilities in the project areas, particularly in education and health services, and transport hubs in Timor-Leste. These were to (i) rehabilitate 232 kilometers (km) of priority roads; (ii) develop and implement a new road maintenance program; (iii) improve border post facilities; and (iv) provide consulting services and technical assistance (TA) in all aspects of project development and implementation.




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Pakistan: Punjab Irrigated Agriculture Investment Program–Tranche 2

In December 2006, the Asian Development Bank (ADB) approved a $900.0 million equivalent multitranche financing facility (MFF) for the Punjab Irrigated Agriculture Investment Program (PIAIP) to finance improvements to Punjab’s irrigation sector. At the same time, two loans for tranche 1 totaling $227.8 million equivalent were approved using the MFF for $217.8 million equivalent from ADB’s ordinary capital resources and $10.0 million equivalent from ADB’s Asian Development Fund (ADF).




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Armenia: Women’s Entrepreneurship Support Sector Development Program

The program aimed to increase the role of women entrepreneurs in economic development and address constraints they and micro, small, and medium-sized enterprises (MSMEs) faced. The program had two components—a policy-based loan (PBL) and a financial intermediation loan (FIL) — each at $20.0 million. The program was supported by a technical assistance (TA) capacity building component of $0.6 million.




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Pakistan: National Trade Corridor Highway Investment Program (Tranche 1)

The government requested financing from the Asian Development Bank (ADB) to support the National Highway Authority (NHA) in constructing new roads and improving existing ones along the backbone from Peshawar to Karachi, to Gwadar Port in Baluchistan, as well as connections between Pakistan and the People’s Republic of China. Following the completion of loan preparatory activities in May 2007 and loan negotiations in October 2007, the ADB Board in December 2007 approved a multitranche financing facility (MFF) for $900 million to support the NTCIP–Tranche 1.




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People’s Republic of China: Southern Gansu Roads Development Project

The project aimed to improve the transport conditions and services in Longnan municipality in the People's Republic of China. The targeted outcomes were the provision of efficient, safe and reliable road transport in the project area; and improved access to markets, income generating opportunities, education and health services and social activities for rural people. Key to this was a targeted reduction in travel times of between 5 and 7 hours, with 90% of the villages being served by an all-weather road.




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Papua New Guinea: Highlands Region Road Improvement Investment Program-Project 1

The Highlands Region Road Improvement Investment Program, a multitranche financing facility (MFF), aimed to ensure the maintenance of the Highlands Core Road Network, comprising 2,500 kilometers (km) of major national and provincial roads. The MFF is funded through three tranches. The first tranche (Project 1) had six components. The physical component was improvements to 211 km of national roads. Two components supported the Department of Works (DOW) and the National Roads Authority (NRA) in project implementation.




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India: Micro, Small, and Medium Enterprise Development Project

The project aimed to improve access of micro, small, and medium enterprises (MSMEs) to commercial financing and market opportunities, thereby fostering growth, competitiveness, and employment creation in India. There were three targeted outputs. First was enhance credit delivery through Small Industries Development Bank of India (SIDBI) and participating financial institutions in the MSME subsector. Second was increased SME productive and managerial capacity and related new jobs created for new markets.




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Resilience of Rural Development and Climate Change in Viet Nam

This report evaluates the performance of three technical assistance (TA) projects in Viet Nam for the resilience of rural development and climate change, approved by the Asian Development Bank over 2009–2013: (i) TA 7377: Climate Change Impact and Adaptation Study in the Mekong Delta; (ii) TA 8102: Promoting Climate Resilient Rural Infrastructure in the Northern Mountain Provinces; and (iii) TA 8592: Improving Payment for Forest Ecosystem Service Implementation.




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Solomon Islands: Provincial Renewable Energy Project

The project aimed to construct the Fiu River hydropower plant and extend the distribution grid to peri-urban households in the main provincial center of Auki in Solomon Islands. Hydropower generation was to benefit the economy by reducing fossil fuel imports and lowering the cost of power generation. Likewise, it was intended to improve energy security and minimize tariff volatility. The use of renewable energy was also aimed at reducing greenhouse gas emissions. This report validates the completion report's assessment of the project. IED overall assessment: Unsuccessful. 




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India: Madhya Pradesh Power Sector Investment Program

The Madhya Pradesh Power Sector Investment Program in India was a multitranche financing facility (MFF) designed to support Madhya Pradesh state’s sustainable economic growth and social development by investing in the statewide power transmission and distribution networks. The MFF supported the state government in expanding its power transmission, distribution, and management infrastructure and capacity.




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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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How to boost accountability and learning in aid for COVID-19 - Marvin Taylor-Dormond and Stoyan Tenev

The world is experiencing what some may think is a “typical” black swan event: rare, extremely impactful, and only retrospectively predictable. 



  • Op-Ed / Opinion