Tens of thousands of Hongkongers are participating in flash mob performances of the new protest song “Glory to Hong Kong” in the streets and in shopping malls across the city.

Hong Kong's protesters are aching to take to the streets again. In the meantime, they are taking to their screens.

Few images conjure the 1930s Depression like people standing in soup lines while farmers dump food they can't sell. That is a tragedy Southeast Asia is fighting to avoid, though it is starting to happen in pockets around the world in the midst of COVID-19. Supply chain disruptions, driven by the pan...

German Chancellor Angela Merkel announced Wednesday the German soccer league Bundesliga can resume playing later this month, ending a two-month pause prompted by the COVID-19 pandemic.Merkel made the announcement as one of a range of containment measures being relaxed, following a meeting with the c...

Domestic air passenger numbers bounced back to over 100,000 last weekend for the first time in 10 weeks amid signs that the coronavirus epidemic is easing. Many Koreans chose the long weekend to travel to Jeju and other destinations in the south.According to the Korea Civil Aviation Association on W...

The nominal Samsung chairman Lee Kun-hee, who is in a vegetative state, remains Korea's richest man and one of only four Koreans on Bloomberg's list of top 500 billionaires in the world. The others are acting Samsung chief Lee Jae-yong, Seo Jung-jin, CEO of biopharmaceutical company Celltrion, and K...

U.S. stocks closed higher Thursday as investors appeared more optimistic about an economic recovery. The Dow Jones industrial average, S&P 500 and Nasdaq Composite Index were all up 1 percent.  For the tech-heavy Nasdaq, Thursday's close put it back in positive territory for the first time ...

Korea's exports of coronavirus test kits last month amounted to more than US$200 million, or eight times the month before, according to the Korea Customs Service on Thursday.They were exported to 103 countries.Brazil imported US$30 million worth of test kits, which is the biggest proportion of 13 pe...

Korea saw the biggest drop in private consumption on record last year even before the coronavirus epidemic struck.According to Statistics Korea on Thursday, the average monthly spending of households fell 3.2 percent to W2.46 million in 2019 (US$1=W1,226). That was the biggest decline since the gove...

Prime Minister Boris Johnson will keep Britain under a coronavirus lockdown until at least next month -- to the frustration of some in his Cabinet, who behind the scenes are arguing that Downing Street now needs to prioritize the economy, which is heading for its worst recession in 300 years.Cabinet...

Rawalpindi : Four suspects allegedly involved in the killing of a newlywed couple, in apparently an honour killing case, were arrested here on Friday from the jurisdiction of Airport Police Station.Junaid and Sidra were murdered few days back in apparently an honour killing case after they tied...

The Special Investigation Unit of the Criminal Investigation Agency busted on Friday three suspected criminals running a gang. In a separate raid, they apprehended analleged robber.According to SIU police chief SSP Irfan Bahadur, three gang members were involved in various criminal cases,...

Environmental monitoring reports describe the environmental issues or mitigation measures of a project. This document dated May 2020 is provided for the ADB project 43319-022 in the Lao People's Democratic Republic.

ADB has a vacancy for the position of Principal Investment Specialist in the Private Sector Operations Department. The deadline for submitting applications is on 22 May 2020.

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...

Even though the central government issues strict regulation policies, it is the local governments’ discretion to adjust and enforce compliance.

The coronavirus lockdown wiped out 20.5 million US jobs in April, destroying nearly all the positions created in the previous decade in the world's largest economy, the country's labour department reported on Friday.

The unprecedented collapse drove the unemployment rate to 14.7 per cent — well beyond the peak hit in late 2009 during the global financial crisis — from 4.4pc in March.

And job losses in March were worse than initially reported, falling 870,000 even though the business closures mostly happened in the second half of the month.

The plunge in non-farm payroll employment was the largest ever recorded since 1939, while the jobless rate was the highest and the biggest increase since 1948, the report said.

Employment fell sharply in all major industry sectors, with particularly heavy job losses in leisure and hospitality, the first sector hit and the one bearing the brunt of the impact of the lockdowns.

However, the labour department noted that the some workers were misclassified in the report as employed when they should have been counted as laid off.

Had they been listed properly, the unemployment rate would have been nearly five percentage points higher.

Meanwhile, US President Donald Trump downplayed unprecedented US job losses, saying they were not a surprise.

“It's fully expected, there's no surprise. Somebody said, 'oh look at this,'” he said on Fox News minutes after the labour department published the figures.

“I'll bring it back,” he said.

NEW DELHI: India’s top medical research body has turned down a proposal by the Modi government to test water from the Ganges river as a cure for coronavirus, ThePrint news portal said on Thursday.

It said the Indian Council of Medical Research (ICMR) turned down the government’s “request” to conduct research on a theory that Gangajal, or water from Ganges river, could possibly cure Covid-19.

Speaking to ThePrint, a source in the ICMR said the agency has refused to get involved as it is focussing on the Covid-19 battle and doesn’t want to waste time on other research amid the pandemic.

The move came after the country’s apex medical research body received a “request” from the Ministry of Jal Shakti to conduct “further research” on a proposal by an NGO, Atulya Ganga, said an ICMR official, who didn’t wish to be named.

In its letter last month, Mr Atulya had cited the presence of a “ninja virus”, called bacteriophage, in Ganges water that could cure Covid-19, the disease caused by the new coronavirus. Bacteriophage is a special type of virus that eats harmful bacteria, the letter said.

According ThePrint, the NGO asked the government on April 3 to conduct a study on the possibility of this virus acting as a cure. It sent a copy each to the ministry and the Prime Minister’s Office (PMO). The ministry’s National Mission for Clean Ganga, the department administering the Modi government’s ambitious Namami Gange programme, then wrote to ICMR on April 30 requesting a clinical trial.

The ICMR then held a meeting to discuss the idea, but refused to proceed, offering only its “help” to the NGO, ThePrint said. “We had indeed received a letter from the Ministry of Jal Shakti for such research. The experts at ICMR also held a meeting on this matter. Then we asked those proposing this research that you should tell us about hospitals and doctors that are ready and willing to conduct some research on it. We will certainly help them in this regard,” said the ICMR official.

“As of now we are still treating plasma therapy as a trial for treatment for corona (Covid-19), then how can we so quickly accept a virus called bacteriophage, found in the water of Ganges, as a cure? Right now, there is no logic in the argument that the virus found in Ganga’s water can indeed fight the coronavirus disease,” added the official.

However, he added that if the ministry takes an initiative into the matter then ICMR will extend its assistance to it.

Speaking to ThePrint, Dr Rajnikant Srivastava, ICMR’s head of the Department of Research Management, Policy Planning and Communication, in Delhi and Director of Regional Medical Research Centre, Gorakhpur, said: “A presentation was made after the Jal Shakti ministry’s proposal. The matter is at a very preliminary stage. Nothing has been decided on the future course of action. We will support the Jal Shakti ministry in all the work it does on this front.”

A senior official of the Ministry of Jal Shakti, meanwhile, said there are several special properties in the river and many people were demanding research on them.

Published in Dawn, May 8th, 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 […]

NEW DELHI: Foreign direct investment (FDI) in the real estate sector could jump over two-fold in the next one year with easing of FDI rules in the construction sector, realtors’ body NAREDCO said today. Real estate developers and consultants were of the view that this move would give fillip to cash-starved realty sector, which is reeling under a slowdown since last 2-3 years. It will help developers in raising funds to complete projects. Yesterday, the Cabinet relaxed FDI rules in construction sector by reducing minimum built-up area as well as capital requirement and easing the exit norms. “Reduction in minimum built-up area to 20,000 sq meters from 50,000 sq meters […]

NEW DELHI: The Delhi state consumer panel has asked real estate firm Omaxe Buildhome Pvt Ltd to pay over Rs 11 lakh to a retired Indian Airlines official after holding the realty firm of “deficiency of service” in the allotment of a flat at Greater Noida in Uttar Pradesh. The Delhi State Consumer Disputes Redressal Commission (SCDRC), presided by judicial member S A Siddiqui, asked the firm to pay Rs 11.14 lakh to Secunderabad resident Pradeep Chaudhary. Chaudhary had approached the Commission alleging “unfair trade practice” and “deficiency of service” on the firm’s part and said that despite his strong opposition, the company, on its own, changed the location of […]

'Australia is “gum stuck to the bottom of China’s shoe”, huh? Ok, well, it’s time for Australia to rethink trade and other agreements with China if they don’t like criticism'

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...

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: 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 […]

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 […]

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, […]

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.

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.

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.

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).

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.

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.

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.

ADB has a vacancy for the position of Investment Specialist in the Private Sector Operations Department. The deadline for submitting applications is on 18 May 2020.

ADB has a vacancy for the position of Principal Investment Specialist in the Private Sector Operations Department. The deadline for submitting applications is on 22 May 2020.

ADB today approved a $200 million loan to pilot an integrated approach to river restoration in one of the tributaries of the Yangtze River Basin in the PRC. The project in...

ADB has approved a $100 million loan for a demonstration project that will help clean up the Xin’an River in Anhui Province in the PRC. The project will also pilot an innovative financing mechanism to reduce rural pollution...

This publication features projects promoting gender mainstreaming in the energy, transport, water supply and sanitation, and irrigation subsectors in Azerbaijan, Georgia, the Kyrgyz Republic, Pakistan, Tajikistan, and Uzbekistan.

This document outlines the investment principles and eligibility criteria that will guide the selection of projects to be supported by the ASEAN Catalytic Green Finance Facility (ACGF).

This video lays out Domestic Preference and the types of conditions for when borrowers can introduce it into the bidding process.

Answers are provided to questions about ADB’s $20 billion COVID-19 pandemic response.

Global law firm Dentons has advised the Israeli biotech company Pluristem on a €50 million loan provided by the European Investment Bank (EIB). The financing is part of a cooperation agreement between the EIB and the Israel Innovation Authority, which aims to strengthen Israeli-EU cooperation in innovative research in the field of biotech, pharmaceutical research and public health.

Microchip Honored with Best of Show Award at Flash Memory Summit 2019

CryptoAuthSSH-XSTK (DM320109) - Latest Firmware

ADB pilot project with the Philippines’ Cantilan Bank tests cloud-based banking.

The Pacific Disaster Resilience (PDR) Program program allocates $15 million in policy-based loans and ADF grants for Samoa, Tonga, and Tuvalu when disasters occur and also supports priority actions for disaster risk management.

Thanks to investment from Australia and ADB, a new clean water plant in Ebeye, in the north-west corner of the Marshall Islands, is changing lives.

New Delhi: Nearly 60 percent of Indians think that next one month would be a good time to buy real estate with improvement in consumer sentiments following formation of a stable government, according to a survey by global research firm Ipsos. “Almost six in ten (57 percent) Indians think the next 30 days will be a good time to buy real estate, such as a house, vacation property or investment property,” Ipsos said in a statement. Founded in France in 1975, Ipsos is an independent market research company controlled and managed by research professionals. “With the formation of a new stable government at the Centre, the consumer sentiment which was […]

Desi billionaires hold 44 per cent of their wealth in property, while the global average is 24 per cent. From Africa to America, the rich world-over have their wealth where their heart is — in their homes. Nearly a third of the wealth held by the super-rich (those with over $30 million of assets) in Europe is locked in real estate assets worth $2,391 billion, according to data from Savills, a global property consultant. The Asians are second, with $1,800 billion, or nearly 27 per cent of their wealth, in property. Over-investment The super-rich in India, as expected, beat the global averages by a big margin. Nearly 44 per cent […]