MANILA, Philippines — Asian Development Bank (ADB) president Takehiko Nakao yesterday announced 10 priority areas where the bank’s resources would be focused on under its Strategy 2030 which is expected to be completed mid-2018. Addressing the opening session of the ADB Board of Governors meeting, the head of the international finance institution said the global economic center of gravity is shifting to the Asia and Pacific region as most of its developing member countries (DMCs) have advanced to middle income status but large challenges to development still remain and new ones are emerging. “Our region has experienced a fundamental transformation. Half a century ago, Asia was the poorest region in the world. Today, the economic center of gravity is shifting to Asia and the Pacific, and almost all our developing member countries have advanced to middle-income status,” Nakao told delegates attending the 51st ADB Annual Meeting. “Yet, large challenges … [Read more...] about Poverty eradication tops ADB’s long-term strategy
Capacity building strategies
Southeast AsiaIndonesia Drivers want the government to regulate charges, insurance and other matters related to their work By Diatyka Widya Permata Yasih and Andi Rahman Alamsyah April 22, 2018 1:09 PM (UTC+8) Share Tweet Linkedin Print Email Share 0 Comment 0 Motorcycle taxi drivers for online ride-hailing services recently rallied in Jakarta demanding that the government protect the interests of workers engaging in precarious work in the growing sector. The protest was held a day after Malaysia-based ride-hailing firm Grab announced it’s taking over Uber’s Southeast Asian operation. The acquisition makes Grab and Indonesian-based Gojek the leading players in the Indonesian market. The dailyReport Must-reads from across Asia - directly to your inbox The drivers want the government to regulate ride charges, insurance and other matters related to their work. They also demanded the government push companies to set a higher basic tariff and increase … [Read more...] about Can Grab and Gojek drivers in Indonesia build a solid union?
The government intends for the project to be implemented in cooperation with the private sector under a Public Private Partnership, in line with Myanmar’s economic policy. The capacity of the new refinery will be 2 million tonnes per year. It will use crude oil feedstock from the South East Asia crude oil pipe line, which runs across Myanmar from a terminal on the coast of Rakhine State to Yunnan province in China. The pipeline, which began operations in 2015, was first developed by China National Petroleum Corporation in 2008. The Chinese own a controlling stake in the pipeline, while the government holds the remaining stake. Crude oil is transported via the $2.5 billion pipeline and exported to China. The Ministry of Electricity and Energy (MOEE) has granted approval for the new refinery to buy 2 million tonnes of oil from the South East Asia Crude Oil Pipeline Company, which controls the pipeline. No capacity Even though Myanmar is a producer of oil and gas, … [Read more...] about Government reveals plans to build first modern oil refinery in Myanmar
Shift in strategy to speed up infrastructure projects — Department of Transportation CLARK FREEPORT ZONE, Philippines — The government agencies leading massive airport, railway and road projects have vowed to hasten the completion of the crucial infrastructure buildup. Transport Secretary Arthur Tugade said the agency is currently evaluating proposals for the establishment of international airports outside Manila as the congested Ninoy Aquino International Airport (NAIA) is nearing the end of its lifespan. He told participants of the second leg of the Philippine Economic Briefing organized by the Investor Relations Office (IRO) the proposed airports in Bulacan and Sangley in Cavite are welcome developments as NAIA “will not last forever.” “NAIA will not last forever because it is presently situated in a place which is overly congested, and technology and airline travel have improved. My fear is that the lifespan of NAIA … [Read more...] about Shift in strategy to speed up infrastructure projects — Department of Transportation
US: All countries benefit from Indo-Pacific strategy Patricia Lourdes Viray (philstar.com) - April 6, 2018 - 11:28am Manila, Philippines — Washington maintained that it would remain committed to the Indo-Pacific region through engagement with partners and allies in the region. Patrick Murphy, US Department of State Principal Deputy Assistant Secretary for Southeast Asia, said that the US would be going forward in the region as a longstanding partner and as a Pacific nation. "The primary objective of the US Indo-Pacific strategy is to ensure freedom of the seas and skies, to promote market-based economic support, good governance and liberty, and insulate sovereign nations from any external coercion," Murphy said in a phone briefing Thursday. "This strategy does not exclude any country. All countries in the region benefit from our partnership and our engagement. Those are big countries and those are small countries," he … [Read more...] about US: All countries benefit from Indo-Pacific strategy