This country has the highest living cost in all of Asia with a 25 per cent inflation rate and its economy may grow at the fourth lowest pace of 1.9 per cent in the region, according to a new Asian Development Bank (ADB) report.
JAKARTA, Jan 31 The Asian Development Bank (ADB) has approved a US$419.6 million (RM1.9 billion) loan for Indonesia’s Citywide Inclusive Sanitation Project, aimed at.
Shantanu Chakraborty, Vietnam country director for the Asian Development Bank, talked with VIR’s Thanh Tung about how the economy has performed and key impetuses for the next 12 months.
Philippines secures funding to build one of the world's longest marine bridges, spanning 32.15 kilometers across Manila Bay. The Bataan-Cavite Interlink Bridge aims to reduce travel time between provinces, cut logistics costs, and decongest Metro Manila. The project, under the Build Better More program, is set to cost US$3.91 billion, with financing from the Asian Development Bank and the Asian Infrastructure Investment Bank. The bridge will boost regional economic integration, tourism, and serve as a main evacuation route during disasters. Construction is expected to be completed in five years.