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ADB maintains GDP growth forecasts for Philippines The Manila-based Asian Development Bank (ADB) on Wednesday said it has maintained its gross domestic product (GDP) growth forecast for the Philippines at 6 per cent for this year and 6.2 per cent for 2024. "Robust investment and private consumption drove growth by 6.4 percent year on year in the first quarter of 2023, supported by rising employment, expanding production and retail sales, and brisk private and public construction," the lender said in a report, title Asian Developm...
ADB maintains GDP growth forecasts for Philippines
ADB maintains GDP growth forecasts for Philippines
Source: IANS
20/07/2023 11:08:54 AM
Government put in eco-system for development of Green Hydrogen in the country: Hardeep Singh Puri Union Petroleum Minister Hardeep Singh Puri said the Centre has put in an eco-system for the development of Green Hydrogen in the country. He said  ‘We have a natural advantage in producing Green Hydrogen as we have an abundance of solar energy and investments in our power grid. We have the apt climate, resources, adequate production and strong supply-chain for Green Hydrogen.’ He stated India is climatically blessed and with the government's unwavering commitment to m...
Government put in eco-system for development of Green Hydrogen in the country: Hardeep Singh Puri
Government put in eco-system for development of Green Hydrogen in the country: Hardeep Singh Puri
Source: Accord Fintech
10/07/2023 10:29:20 AM
ADB teams call on Himachal Chief Minister; discuss horticulture project Asian Development Bank's Project Readiness Financing Mission team led by Sunae Kim, team leader for the Himachal Pradesh Sub-tropical Horticulture, Irrigation and Value Addition (HP SHIVA) project, met Chief Minister Sukhvinder Singh Sukhu here on Monday and apprised him about objectives and scope of the mission. The Chief Minister said 257 clusters have been selected in the first phase of Rs 1,292 crore HP Shiva project. Target has been set to benefit about 15,000 farmers by setting u...
ADB teams call on Himachal Chief Minister; discuss horticulture project
ADB teams call on Himachal Chief Minister; discuss horticulture project
Source: IANS
7/03/2023 9:49:47 AM
Southeast Asia`s largest wind power plant to be built in Laos The Asian Development Bank (ADB) and Monsoon Wind Power Company Limited have signed a $692.55-million loan agreement to build a wind power plant in Laos. Comprising 133 wind turbines with a capacity of 600 MW, the Monsoon Wind Power Project will be the largest wind power plant in Southeast Asia and the first in Laos, according to a report released by the ADB on Friday. The wind power plant will be constructed in southern Laos' Sekong and Attapeu provinces. Electricity generated by t...
Southeast Asia`s largest wind power plant to be built in Laos
Southeast Asia`s largest wind power plant to be built in Laos
Source: IANS
4/03/2023 10:34:49 AM
Growth projection of 7% for current financial year very realistic: Anantha Nageswaran Chief Economic Advisor V Anantha Nageswaran has said high frequency data indicate buoyant economic growth momentum and the 7 per cent GDP growth estimate for the current fiscal is very realistic. He also said that there are enough signs that manufacturing is in good health. According to him, the GDP growth forecast of 6.5 per cent for the next fiscal is well within the range of forecast by other agencies like OECD and ADB but there are downside risks. He stated ‘Inflation is softenin...
Growth projection of 7% for current financial year very realistic: Anantha Nageswaran
Growth projection of 7% for current financial year very realistic: Anantha Nageswaran
Source: Accord Fintech
1/03/2023 10:22:49 AM
Finance Minister meets Asian Development Bank President, lauds support to India Finance Minister Nirmala Sitharaman on Tuesday met Asian Development Bank (ADB) President Masatsugu Asakawa, and acknowledged the swift response and support provided by the institution to all its developing member countries, including India during the Covid-19 pandemic. She also appreciated the ADB's support to India's G20 Presidency priorities. Asakawa is on his maiden visit to India after taking over as ADB's President in 2020. Sitharaman encouraged the ADB to complemen...
Finance Minister meets Asian Development Bank President, lauds support to India
Finance Minister meets Asian Development Bank President, lauds support to India
Source: IANS
22/02/2023 9:18:26 AM
ADB to support coral reefs ecosystem in Asia-Pacific The Asian Development Bank (ADB) said on Friday that it has approved a financial project to support restoration, conservation and management of coral reefs in four countries in Southeast Asia and the Pacific region. The Manila-based bank said the project will develop climate risk financing and insurance solutions to protect coral reef ecosystems in Fiji, Indonesia, the Philippines and the Solomon Islands, reports Xinhua news agency. The ADB said rising sea levels and the increasing freq...
ADB to support coral reefs ecosystem in Asia-Pacific
ADB to support coral reefs ecosystem in Asia-Pacific
Source: IANS
30/09/2022 3:36:49 PM
ADB lowers Asia growth outlook to 4.3% as global risks mount In an outlook report released on Wednesday, the Asian Development Bank (ADB) lowered its forecasts for economic growth in Asia and the Pacific to 4.3 per cent this year amid mounting challenges buffeting the region. The updated Asian Development Outlook 2022 projects the region's economy to grow by 4.9 per cent in 2023, compared with the bank's projection in April of a 5.3 per cent expansion, reports Xinhua news agency. The report said domestic consumer spending and investment a...
ADB lowers Asia growth outlook to 4.3% as global risks mount
ADB lowers Asia growth outlook to 4.3% as global risks mount
Source: IANS
21/09/2022 2:14:32 PM
ADB lowers India GDP forecast for FY23 to 7.2 pc Asian Development Bank (ADB) has lowered the economic growth forecast for India for current fiscal year to 7.2 per cent, with impacts of COVID-19 and Russia-Ukraine war getting exacerbated by high inflation. In April, the multilateral funding agency had forecast the Indian economy to grow by 7.5 per cent. It also revised downwards the economic growth in fiscal ended March 2022 to 8.7 per cent from 8.9 per cent estimated earlier. India's GDP (Gross Domestic Product) growth moderated to 4.1...
ADB lowers India GDP forecast for FY23 to 7.2 pc
ADB lowers India GDP forecast for FY23 to 7.2 pc
Source: Dion Global Solutions Ltd
22/07/2022 10:04:29 AM
Axis Bank rises on signing partial guarantee facility agreement with ADB Axis Bank is currently trading at Rs. 797.15, up by 5.10 points or 0.64% from its previous closing of Rs. 792.05 on the BSE. The scrip opened at Rs. 794.00 and has touched a high and low of Rs. 800.65 and Rs. 789.30 respectively. So far 182533 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 866.60 on 25-Oct-2021 and a 52 week low of Rs. 626.40 on 12-Apr-2021. Last one week high and low of the scrip stood at Rs. ...
Axis Bank rises on signing partial guarantee facility agreement with ADB
Axis Bank rises on signing partial guarantee facility agreement with ADB
Source: Accord Fintech
8/04/2022 2:55:35 PM
ADB scales down India's growth estimate to 9.7% for FY22 Amid supply chain issue of industries, the c (ABD) in its latest supplement to the Asian Development Outlook (ADO) 2021 has scaled down India's growth estimate for the fiscal year ending March 2022 for the second time in three months. It has pegged India's growth estimate at 9.7 percent for the current fiscal year in its latest supplement. It said South Asia is forecast to grow at 8.6 per cent in 2021, compared with the September's forecast of 8.8 per cent. as per the ADB suppl...
ADB scales down India's growth estimate to 9.7% for FY22
ADB scales down India's growth estimate to 9.7% for FY22
Source: Accord Fintech
15/12/2021 12:02:02 PM
ADB, India agreement for preparation of road upgradation project in Sikkim The Asian Development Bank (ADB) and the government on Thursday signed a $2.5 million project readiness financing (PRF) loan to support project preparation and design activities to upgrade major district roads in Sikkim. The project will help improve connectivity to important towns, rural areas, and pilgrimage and tourist destinations in the northeastern state. The signatories to the PRF for the proposed Sikkim Major District Road Upgradation Project were Rajat Kumar Mishra, Additional ...
ADB, India agreement for preparation of road upgradation project in Sikkim
ADB, India agreement for preparation of road upgradation project in Sikkim
Source: IANS
3/06/2021 2:53:25 PM