With key financial reforms, Ho Chi Minh City has the potential to follow the model of Tokyo, Shanghai, Mumbai, and other cities which came to global financial prominence.

To level the playing field in Asia and the Pacific, women-owned companies need financial backing to support their importing and exporting needs.

The poor and middle class are struggling to find affordable housing across the region, but there are some basic steps cities can take to improve the situation.

For sustainable development, universal wellbeing should be the goal, rather than endless growth. Minimizing further growth in human populations is only part of the solution, but an essential part. 

Past financial crises have demonstrated how adequate financial safety net arrangements—globally, regionally, and nationally—are vital to safeguarding financial stability.

After a disappointing 2019 United Nations Climate Change Conference, there is a need to restore confidence that the intergovernmental process can deliver on mitigation, adaptation, and finance.

In recent years, particularly in many developing countries, road developers have failed to give sufficient consideration to road safety features in the design and construction of highways. As a result, these roads have become more deadly.

Throughout Asia and the world, digital solutions are being found for urban problems. Policymakers and city leaders should ensure that the poor do not get left behind in this digital transformation of cities.

Universal health coverage must be high quality to improve patients’ health outcomes

With the impacts of the pandemic on food and nutrition being felt around the region, planning is needed to avoid higher food prices, decreased nutrition and reduced food security. 

The pandemic provides an opportunity for regional financial cooperation on reforms to make Asian banks more resilient to crises.

Now is the time to ramp up actions on resilience so that society can beat the COVID-19 crisis while reducing the impact of climate threats.

The pandemic reinforces the need for reliable energy services to support healthcare. Clean, renewable power is a good place to start.

NEW DELHI: Since the election results were announced last week — handing out a clear mandate to the Narendra Modi-led BJP — real estate brokers across the country have been prodding buyers to book their dream homes fast, since with a stable government on the cards, builders could increase prices any time soon. Business for thousands of brokers has been thin over the last year or so as negative sentiment engulfed the market and home sales tanked. Investors fled and genuine home buyers waited anxiously to see if a new stable government can infuse life into the economy. “It might just be a case of brokers trying to perk up […]

The Ministry of Environment, Forest and Climate Change (MoEFCC) has drafted the Environment Impact Assessment (EIA) notification 2020 to curb the construction violations across the country. The new draft would replace the EIA notification 2006. The Ministry of Environment, Forest and Climate change (MoEFCC) has proposed a new set of environment clearance norms in its Environment Impact Assessment (EIA) notification 2020. Earlier, the environment approvals to construction projects  were given as per the criteria stated in the EIA notification 2006; however, the new draft would replace the former set of rules. The Ministry has placed the EIA report in the public domain on March 12, 2020 and has sought views and comments […]

The Bundesliga soccer season will resume on May 16 in empty stadiums, picking up right where it left off two months ago amid the coronavirus pandemic.Thursday's announcement comes one day after clubs were told the season could restart following a meeting between German Chancellor Angela Merkel and t...

"I was inspired by my sense of fashion," Ward said. "It was my first home and I wanted my home decor to represent me and my personality as much as possible. I have a lot of space so I could create different aspects of my life into each room."

Islamabad : The coronavirus pandemic has increased the transgender persons' socioeconomic vulnerability and isolation, so short and long-term measures, especially by the government, are imperative to support them and ensure alternate means of livelihood in the changing environment.This was the...

Islamabad : The Ministry of Human Rights on Friday issued guidelines to create public awareness on the protection of mental and physical health of children and their online safety during COVID-19 lockdown days.According to guidelines issued on different media forums, parents are advised to engage...

Microchip Solves Interoperability Challenges of Delivering up to 90 Watts of Power Over Ethernet Wiring

Microchip Simplifies Functional Safety Requirements with MPLAB TÜV SÜD-certified Tools

Enabling Cloud Connectivity to All MCUs and MPUs, Microchip Launches a Range of Embedded IoT Solutions for Rapid Prototyping

Microchip Expands Silicon Carbide (SiC) Family of Power Electronics to Provide System Level Improvements in Efficiency, Size and Reliability

New Functional Safety Ready AVR® DA Microcontroller Family Enables Real-Time Control, Connectivity and HMI Applications

Procurement plans describe and update the procurement of major goods, works and consulting services either ongoing or expected to take place related to a project or program. This document dated 15 November 2019 is provided for the ADB project 48118-002 in the Lao People's Democratic Republic.

ADBI, CCAF, and the JBSEEL are offering an 8-week Online Course on Fintech & Regulatory Innovation and related scholarships for select policy makers from Asian Development Bank developing member countries.

Five Frontier Corps (FC) soldiers and one officer were martyred after their vehicle was targeted with an improvised explosive device (IED) near the Pakistan-Iran border, the military's media wing said on Friday.

In a tweet, the Inter-Services Public Relations (ISPR) said the security personnel were returning from patrolling in Buleda — 14 kilometres from the Pakistan-Iran border — to "check possible routes used by terrorists in the mountainous terrain of Makran".

As they were returning, their vehicle was targeted with a remote controlled IED, it added.

The martyred were identified as Major Nadeem, Naik Jamshed, Lance Naik Khizar Hayat, Lance Naik Taimor, Sepoy Nadeem and Sepoy Sajid.

In December 2019, one FC soldier was martyred and two others were injured in an exchange of fire with terrorists after they raided an FC checkpost in North Waziristan.

"Terrorists raided an FC post in North Waziristan district near the Pak-Afghan border," an ISPR statement had said.

"During the exchange of fire, two terrorists were killed," it had added.

KARACHI: The State Bank of Pakistan (SBP) on Friday allowed subsidised financing for setting up of new plants and expansion of existing units while the maximum amount for a single unit has been set at Rs5 billion to boost economic activities in the manufacturing sector.

The SBP on Friday said it has opened up its subsidised Temporary Economic Relief Facility (TERF) for Balancing, Modernization and Replacement (BMR) and expansion of existing projects.

Under this scheme, the SBP provides refinance to banks for their onward extension of financing at maximum end-user rate of seven per cent for 10 years.

“The maximum financing for a single project under the scheme is Rs5bn. The objective of this facility is to boost economic activity through investments in manufacturing units,” said the SBP.

While allowing the BMR and expansion of existing projects, the SBP has permitted financing for purchase of new-imported and locally-manufactured plant and machinery against foreign letter of credit (LC) and inland LC.

“The funding under the facility cannot be used for procurement of second-hand machinery, land or carrying out civil works,” said the SBP.

According to the circular issued by the central bank, in addition to new projects, existing projects and businesses are being allowed to avail financing under these facilities for BMR and expansion of their projects or businesses.

“This measure has been taken to provide further stimulus to the economy in the context of Covid-19’s impact on the economy, to support investment in the country for modernising or expanding manufacturing and production units, and in response from feedback from stakeholders,” said the SBP.

The central bank said that, it has taken several measures since the outbreak of Covid-19 to safeguard economic activity in the country. On Mar 17, the SBP introduced TERF and its shariah-compliant version to stimulate new investment in the manufacturing sector.

With expansion in scope of the facility, the SBP expects that existing businesses will avail subsidised funding to improve productivity leading to higher economic activity and employment generation.

The banks and development finance institutions will be required to make disbursements to their customers on the basis of certificates of their internal audit confirming that financing is within the terms and conditions laid down in the facilities.

Borrowers will be required to submit a report from the Pakistan Banks Association-approved surveyors with regard to confirmation that the newly-purchased plant and machinery has been installed as per their initial request or proposal for BMR and expansion. In case of installation and fixation in part, this report will be required at first and final installation of the plant and equipment.

Published in Dawn, May 9th, 2020

CHANDIGARH: TDI Investors Association, which includes 70 member investors from Chandigarh, on Wednesday created a row, alleging that the owners had cheated them of Rs 150 crore. The association, in a press conference, alleged that a legal agreement was signed between the company and the members in 2005 after which they paid 80% of the cost for showrooms in the mall and were promised possession by 2008. The members blamed the company of not giving them possession till date and neither paying them the returns. The project includes 70 shops varying from 400 sq ft to 1,000 sq ft. TDI chairman Ravinder Taneja, however, trashed the allegations, blaming the authorities […]

Kelly Kearney is a top contributor to MATLAB Answers and File Exchange.  Here is a Q&A I did with Kelly who is a research scientist for the University of Washington in their Joint Institute for the Study of the Atmosphere and Ocean.                 ... read more >>

Kalyan Acharjya has been contributing to MATLAB Answers since 2017. This past year his participation skyrocketed and he is currently a Rising Star. Here is a recent Q&A I had with Kalyan... read more >>

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.

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.

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.

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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.

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.

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

This report presents nine case studies on poverty reduction projects financed by ADB in Mongolia, Nepal, the People’s Republic of China, the Philippines, Sri Lanka, Uzbekistan, and Viet Nam.

As Asia rapidly urbanizes, providing water and sanitation services has become problematic.

This working paper proposes flood footprint and accountability to coordinate risk management projects through appropriate spatial planning at river basin scale.

This Annual Work Program for 2020 presents the priorities and activities for the Water Financing Partnership Facility (WFPF or the Facility), as administered by the Asian Development Bank (ADB).

This report covers the period January to December 2019 and presents the performance for the year against the annual work program and the cumulative performance to date.

This document outlines the operations strategy and plan for the ASEAN Catalytic Green Finance Facility pilot phase (2019–2021).

By end of 2019, the Urban Financing Partnership Facility (UFPF) assistance has led to a total of 152 completed projects, comprised of investment grants, technical assistance, direct charge activities, and project preparation studies.