mp Q&A: Exploring the Key Findings of the Georgia PPP Monitor By www.adb.org Published On :: 2024-11-04 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. Full Article
mp Asian Impact Webinar: Asian Development Outlook September 2024 Launch By www.adb.org Published On :: 2024-11-04 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? Full Article
mp Building Climate Resilience and Empowering Rural Communities in Mongolia By www.adb.org Published On :: 2024-11-05 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. Full Article
mp Q&A: Default and Loss Data by ADB and Other MDBs By www.adb.org Published On :: 2024-11-05 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. Full Article
mp Extreme Heat, Regional Impacts, and Why We Need Gender-Transformative Heat Action Plans By www.adb.org Published On :: 2024-11-07 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. Full Article
mp Asian Impact Webinar: Global Spillovers from Data-Dependent US Monetary Policy By www.adb.org Published On :: 2024-11-13 The Federal Reserve’s monetary policy has become increasingly data-dependent, with inflation and employment figures driving the nascent easing cycle. What does this mean for Asia’s financial markets? Full Article
mp Senior Compliance Review Officer By www.adb.org Published On :: 2024-10-30 ADB has a vacancy for the position of Senior Compliance Review Officer in the Office of the Compliance Review Panel. The deadline for submitting applications is on 21-NOV-2024. Full Article
mp Development Asia: Empowering Communities: A Path to Resilience in Maldives By www.adb.org Published On :: 2024-10-04 In Maldives, youth disengagement and gang violence have emerged as a significant issue, driven by socio-economic factors and limited opportunities for employment and vocational education. Full Article
mp Development Asia: Designing a Comprehensive Public Financial Management Reform Plan for the Philippines By www.adb.org Published On :: 2024-10-07 Full Article
mp Asian Development Blog: Key Strategies to Improve Mental Health Support Across Asia and the Pacific By www.adb.org Published On :: 2024-10-10 World Mental Health Day is a timely reminder that integrating mental health care into schools, workplaces, and communities is critical for improving health outcomes and reducing costs. Expanding digital interventions and peer-support systems are also crucial, particularly in low- and middle-income countries. Full Article
mp Asian Development Blog: Empowering Women with Disabilities: Key Actions for Inclusive Sports in the Pacific By www.adb.org Published On :: 2024-11-04 Inclusive sports can empower women with disabilities, and foster accessibility, social integration, and gender equality in the Pacific. Recent Paralympic milestones and policy examples illustrate the ongoing need for supportive infrastructures and greater representation to create equitable opportunities in sports. Full Article
mp Trump on Day 1: Begin deportation push, pardon Jan. 6 rioters and make his criminal cases vanish By www.denverpost.com Published On :: Sun, 10 Nov 2024 13:05:23 +0000 Donald Trump has said he wouldn’t be a dictator — “except for Day 1.” According to his own statements, he’s got a lot to do on that first day in the White House. Full Article Latest Headlines National News News Politics Donald Trump National Politics
mp Elon Musk’s PAC spent an estimated $200 million to help elect Trump, AP source says By www.denverpost.com Published On :: Mon, 11 Nov 2024 22:59:05 +0000 Elon Musk’s super PAC spent around $200 million to help elect Donald Trump, according to a person familiar with the group’s spending, funding an effort that set a new standard for how billionaires can influence elections. Full Article Latest Headlines National News News Politics Donald Trump Elon Musk National Politics Super PAC
mp A pair of Trump officials have defended family separation and ramped-up deportations By www.denverpost.com Published On :: Tue, 12 Nov 2024 14:10:26 +0000 Trump’s first picks for immigration policy jobs spent the last four years angling for this moment. Full Article Latest Headlines National News News Politics Customs and Border Protection Donald Trump Immigration and Customs Enforcement National Politics Stephen Miller
mp Here are the people Trump has picked for key positions so far By www.denverpost.com Published On :: Tue, 12 Nov 2024 16:31:34 +0000 President-elect Donald Trump is starting to fill key posts in his second administration. Full Article Latest Headlines National News News Politics Donald Trump Elise Stefanik National Politics Stephen Miller
mp Alexandar Georgiev’s latest bounce back another important sign for potential Avalanche surge By www.denverpost.com Published On :: Wed, 13 Nov 2024 00:03:14 +0000 Georgiev looks like a different goaltender in early November than he did last month. Full Article Colorado Avalanche Latest Headlines NHL Sports Alexandar Georgiev Avalanche Jared Bednar Jonathan Drouin Justus Annunen Mikko Rantanen Miles Wood More Avalanche News Stanley Cup
mp People's Republic of China's Competitive Threat to Latin America: An Analysis for 1990-2002 By www.adb.org Published On :: How have Latin American exporters been affected by the rapid increase in the PRC's exports to the USA and other large markets? Are PRC and Latin American exports complementary or competitive with each other? Full Article Publications/Papers and Briefs
mp Foreign Direct Investment in South Asia: Policy, Trends, Impact and Determinants By www.adb.org Published On :: South Asia study of foreign direct investments impact in India, Pakistan, Bangladesh, Sri Lanka and Nepal on economic growth, domestic investment, and export; special emphasis on the role of infrastructure. Full Article Publications/Papers and Briefs
mp Governance, Competitiveness, and Growth: The Challenges for Bangladesh By www.adb.org Published On :: Different governance dimensions in Bangladesh are significantly and positively related to its economic development, however, the quality of governance has remained low. Full Article Publications/Papers and Briefs
mp Prospects of India–Bangladesh Economic Cooperation: Implications for South Asian Regional Cooperation By www.adb.org Published On :: Bangladesh and India should pursue bilateral economic cooperation to enhance South Asian regional cooperation. Full Article Publications/Papers and Briefs
mp Technology and Indonesia's Industrial Competitiveness By www.adb.org Published On :: This paper examines the technological capability of Indonesian industry. Full Article Publications/Papers and Briefs
mp People's Republic of China and Its Neighbors: Partners or Competitors for Trade and Investment? By www.adb.org Published On :: How has the recent dramatic growth of PRC's exports affected its neighbors? Have they lost export markets and seen foreign investment diverted to PRC? This paper surveys the empirical evidence on these important questions. Full Article Publications/Papers and Briefs
mp Corporate Governance in the Republic of Korea and Its Implications for Firm Performance By www.adb.org Published On :: This paper is part of a cross-country study on corporate governance in Asia. A consensus has yet to be reached about exactly what factors were behind the crisis of 1998 and how these factors interacted in bringing about the crisis. Full Article Publications/Papers and Briefs
mp Economic and Social Development in the People's Republic of China's North-East Region: a Comparative Study By www.adb.org Published On :: This paper analyses economic and social indicators across provinces in the People's Republic of China. Full Article Publications/Papers and Briefs
mp PCB asks ICC to explain India Champions Trophy refusal By www.dawn.com Published On :: Tue, 12 Nov 2024 20:34:48 +0500 The Pakistan Cricket Board (PCB) said on Tuesday it has asked the sport’s governing body to explain India’s refusal to send a team to Pakistan for the Champions Trophy next year. The International Cricket Council (ICC) informed the PCB last week that India would not tour Pakistan for the eight-team tournament, leaving the fate of the event hanging in the balance. Pakistan had previously rejected the option of a hybrid arrangement that would allow India to play their matches at neutral venues, for example in the United Arab Emirates. “The PCB has responded to last week’s ICC letter seeking clarifications for the Indian Board’s decision not to travel to Pakistan for next year’s Champions Trophy,” Sami-Ul-Hasan told AFP. Deteriorating political ties have meant the bitter rivals have not played a bilateral cricket series for over a decade — squaring off only in ICC multi-nation events. Pakistani media reported on Tuesday that the PCB would be unwilling to accept security reasons for India’s refusal to visit. New Zealand have toured Pakistan three times in the past two years, with England visiting twice and Australia once in the same period. Pakistan also visited India for last year’s ODI World Cup and the PCB had expected the gesture to be reciprocated for the Champions Trophy. The Champions Trophy is slated to be played across three venues — Lahore, Rawalpindi and Karachi — from February 19 to March 9 next year. But a final schedule due to be announced this week has been postponed over the stand-off — which PCB chairman Mohsin Naqvi termed disappointing. “Almost every country wants the tournament to be played in Pakistan and it will be disappointing if they don’t come,” Naqvi, who is also the interior minister, said last week. “I don’t think anyone should make this a political matter. We’ll give every team as many facilities as we can.” Naqvi said Pakistan would consider pulling out of events in India as a response. “Pakistan has shown great gestures to India in the past, and we’d like to say clearly India shouldn’t expect such friendly gestures from us every time”. India is due to host the women’s ODI World Cup and Asia Cup next year and will co-host the Twenty20 World Cup with Sri Lanka in 2026. Full Article Sport
mp Trump hush money judge delays ruling on immunity following election win By www.dawn.com Published On :: Tue, 12 Nov 2024 23:50:38 +0500 The judge overseeing Donald Trump’s criminal hush money case has put off ruling on whether the president-elect’s conviction should be thrown out on immunity grounds, enabling prosecutors to weigh next steps following his November 5 election victory. Justice Juan Merchan had been due to rule on Tuesday on Trump’s argument that the US Supreme Court’s decision in July that presidents are immune from prosecution involving their official acts meant the New York state case should be dismissed. Instead, Merchan granted a request by Manhattan District Attorney Alvin Bragg’s office to have until Nov 19 to consider how to approach the case in light of Trump’s looming inauguration in January 2025, email correspondence made public on Tuesday showed. Trump’s scheduled Nov 26 sentencing is now widely expected to be postponed. Trump in May became the first US president — former or sitting — convicted of a crime when a jury in Manhattan found him guilty on 34 felony counts of falsifying business records to cover up a potential sex scandal shortly before his first election win in 2016. Trump, who pleaded not guilty, has vowed to appeal the verdict after sentencing. Prosecutor Matthew Colangelo wrote there were “competing interests” between ensuring a criminal case proceeds as usual and protecting the office of the president. “The People agree that these are unprecedented circumstances,” Colangelo wrote. Trump is set to be the first felon inaugurated as president after his victory over Vice President Kamala Harris. At issue in the six-week Manhattan trial was a $130,000 payment made by Trump’s then-lawyer Michael Cohen to adult film actress Stormy Daniels to keep quiet about a sexual encounter she said she had with him in 2006 but which he has denied. Trump’s defense lawyer Emil Bove wrote that the case ultimately needed to be dismissed to avoid interfering with Trump’s presidential duties. “The stay, and dismissal, are necessary to avoid unconstitutional impediments to President Trump’s ability to govern,” Bove wrote. Trump faced four criminal cases Trump, 78, is hoping to enter office unencumbered by any of four criminal cases he has faced and which once were thought to have threatened to derail his 2024 candidacy to return to the White House after having served from 2017 to 2021. The Republican Trump has portrayed the hush money case brought by Bragg, a Democrat, and the three other state and federal criminal indictments brought in 2023 as politically motivated attempts to harm his presidential campaign. He pleaded not guilty in all four cases. “It is now abundantly clear that Americans want an immediate end to the weaponization of our justice system,” Trump campaign spokesperson Steven Cheung said in a statement on Tuesday. Special Counsel Jack Smith brought two of the cases against Trump, one involving classified documents he kept after leaving office and the other involving his efforts to overturn his 2020 election loss. A Florida-based federal judge in July dismissed the documents case. The Justice Department is now evaluating how to wind down Smith’s election-related case. Trump also faces state criminal charges in Georgia over his bid to reverse his 2020 loss in that state, but the case remains in limbo. The Supreme Court, in a decision arising from one of Smith’s two cases against Trump, decided that presidents are immune from prosecution involving their official acts and that juries cannot be presented evidence of official acts in trials over personal conduct. It marked the first time that the court recognized any degree of presidential immunity from prosecution. In making the case for immunity, Trump’s lawyers said the jury that convicted Trump in the hush money case was shown evidence by prosecutors of his social media posts as president and heard testimony from his former aides about conversations that occurred in the White House during his 2017-2021 term. Bragg’s office countered that the Supreme Court’s ruling has no bearing on the case, which they said concerned “wholly unofficial conduct.” The Supreme Court in its ruling found no immunity for a president’s unofficial acts. Full Article World
mp Trumped again By www.dawn.com Published On :: Wed, 13 Nov 2024 10:27:54 +0500 DONKEYS are reputed to be stubborn beasts. That possible misinterpretation of their instinct for self-preservation characterises a party that has utilised Equus asinusas a symbol since Andrew Jackson embraced a hostile description of himself as a jackass back in 1828. The Democrats’ election symbol might be an insult to a species whose intelligence has been underrated since donkeys were domesticated 6,000 years ago, but its traditional implications accurately reflect the party hierarchy’s mindset after last week’s devastating defeat. The post-mortems began pouring in as soon as it became obvious that Kamala Harris had been trounced by Donald Trump. Yesterday, the president-elect was due to be hosted in the Oval Office by a man who had described him as a dire threat to democracy. Joe Biden’s claim wasn’t exactly inaccurate, but it ignored his own party’s contribution to the promotion of plutocracy. It may not have been initiated by the Democrats, but they ran with the neoliberal trend exemplified by the Reagan administration. The Democrats have enabled him once more. Bill Clinton and Barack Obama lent their imagined heft to the Harris campaign, and both ignored the issues whereby their presidencies led, respectively, to George W. Bush and Trump. The Clinton presidency did not deviate all that much from the Reagan era, and Obama effectively pursued both the neoconservatism and neoliberalism of his Republican predecessor. No one can claim with any certainty that the 2024 result would have been different had Biden butted out after the 2022 midterm elections, in which the Democrats did not fare quite as badly as the polls and the mainstream media projected, but they might have made amends that bolstered their support two years later. No such luck. Biden did propose some healthy measures on the economic and renewable energy fronts, but they made no immediate difference to most of those who were suffering from the consequences of the Covid pandemic and its inflationary aftermath. The Democrats offered no alternative to the status quo beyond gradual improvement over the years, bolstered by pundits who proclaimed that the economy was going gangbusters, with rising employment and declining inflation. Too many voters did not feel the joy that Harris sought to project, recalling that their grocery bills were lower before Biden took over. Among the many promises Trump is unlikely to fulfil, he vowed to bring down grocery bills, cut taxes and end all wars. Back in 2016, he emerged as a potential disruptor of a status quo that wasn’t working for most Americans. He could not reclaim the perch in 2020, after four years in power. That he was able to achieve a far more convincing victory than eight years ago is a testament to the decrepitude of the Democrats. That does not only mean that Biden ought to have ruled himself out a couple of years ago on the basis of his senescence, but also that his successor should have diverged from a self-defeating formula by offering viable alternatives to both an economy whose supposedly thriving aspects are not trickling down to most voters, and to a foreign policy that involves prolonging a nasty war in Europe and promoting a genocide in the Middle East. Harris focused, instead, on slamming Trump and saying that she wasn’t Biden — the latter of which was obvious given her gender and ethnicity, but less so when it came to her ideology. Much of the Democratic elite that has ridiculed Bernie Sanders for accurately claiming that the working class was only returning the favour when it deserted the Democrats have also claimed that Harris ran a wonderful campaign but was derailed by unavoidable obstacles. That’s nonsense. It’s true she had only 100 days to stake her claim, thanks to her geriatric chieftain’s obduracy and his party’s inexplicable obeisance, but her rallying cries consisted of little more than hollow platitudes, and her oratorical skills don’t match those of Barack Obama. Sanders consistently reminds the electorate that real wages haven’t increased since the 1970s, the minimum wage is far too low, and it’s a travesty that so many citizens of the world’s richest nation live in poverty despite full-time jobs, and struggle to pay their medical bills and education debts. While the Republicans’ ridiculous response is to privatise everything, the Democrats are petrified by the prospect of proposing anything more than a bit of tinkering on the edges of neoliberalism. It’s easy to empathise with the likeliest victims of Trump’s non-consecutive second term, an achievement previously pulled off only by Grover Cleveland in the 19th century. And he was a Democrat back when the Republican Party was relatively progressive. Trump’s unpredictability means we can only wait and see how far he will go in carrying out his threatened atrocities at home and his promised peacemaking abroad. mahir.dawn@gmail.com Published in Dawn, November 13th, 2024 Full Article World
mp Minimum retail price at import stage to make ‘cuppa’ costlier By www.dawn.com Published On :: Wed, 13 Nov 2024 11:19:17 +0500 KARACHI: The Federal Board of Revenue’s (FBR) decision to fix the minimum retail price (MRP) of tea at Rs1,200 per kg for levying sales tax would make the commodity more expensive, warned traders on Tuesday. Pakistan Tea Association (PTA) Chairman Mohammad Altaf said the MRP at the import stage would have an adverse impact of Rs150-300 per kg on imported tea prices. The flat MRP also ignores global tea prices hovering between 0.50 cents to over $3 per kg. Tea is imported in different packaging, with bulk shipments typically weighing more than 5kgs and around/approximately 80kgs. An 18 per cent general sales tax is already charged based on the imported tea. He said before fixing the MRP for sales tax purposes, it is crucial to consider that the definition of “manufacturer” in Section 2(16) of the Sales Tax Act 1990, includes activities such as blending, mixing, processing, and packaging, as clarified in Circular No. 3(11) ST-L&P/2013-94433-R dated July 17, 2019. Based on this, tea imported for these processes qualifies as “raw material”. Tea sellers warn FBR move will incentivise arrival of low-quality product via illegal channels “According to judicial interpretations (e.g., CTO v. Rajasthan Taxchem Ltd., 2007) and definitions in Advanced Law Lexicon, “raw material” includes ingredients necessary for manufacturing. Tea used in blending and packaging clearly falls under this category, he added. Accordingly, sales tax should be based on the import value, as per Subsection 46(f) of Section 2 of the Sales Tax Act, 1990, rather than the minimum retail price, Altaf said. Tea retail prices vary significantly due to numerous factors, including the company, method of sale (open or packaged), product quality, and regional differences. The PTA chief said that the flat MRP rate per kg also does not reflect the prices charged by most traders, manufacturers, and sellers. The imposition of a flat rate per kg would have severe negative consequences for a large portion of the tea trade, which may result in reduced business activity and ultimately lead to a loss of revenue for the national exchequer via misusing several exemptions. Two-thirds of Pakistanis purchase tea at Rs700-950 per kg, reflecting socio-economic and regional price variations. He said that MRP cannot be applied at the import stage as the tea has to follow various value-addition procedures before it is made shelf-ready. “This MRP disrupts the supply chain and eradicates the role of wholesalers and distributors who play a vital role in the business, while MRP at the import stage also eradicates the basic right of commercial imports,” the PTA chief observed. Tea is a part of our daily diet, a staple food item, not a drink. Most people in rural and urban areas consume tea as per their earnings. Further fixing of MRP will incentivise unscrupulous elements to exploit the situation, and thus, import of low-priced teas will find its way through illegal channels, Altaf feared. Published in Dawn, November 13th, 2024 Full Article Business
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mp Heterogeneous Effect of Out-Migration on Informal Employment in Rural Nepal By www.adb.org Published On :: 2024-11-08 Migration may reinforce less productive forms of informal employment in rural Nepal. Full Article