Asian Development Bank News
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Standard Chartered Plc, which generates more than three quarters of operating profit in Asia, will tap rising demand for wealth management products in Southeast Asia to bolster growth, Chief Executive Officer Peter Sands said.
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Haruhiko Kuroda may need to talk his way out of a paradox he helped create.
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Sitting in Taipei’s main commercial center as office workers filed out for lunch, Y.S. Liu mourned the collapse of her import business. Her president, she said, had failed to deliver.
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A Cambodian shoe factory partially collapsed today, killing at least two and injuring five, Xinhua reported, citing district police chief Khem Pannara.
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Nawaz Sharif, whose party gained most seats in Pakistan’s May 11 election and is set to form the next government, plans to name Mohammad Ishaq Dar as finance minister, ahead of a national budget in June.
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Unilever, the seller of Lipton tea and Dove shampoo, expects Southeast Asia’s currencies to strengthen further against the U.S. dollar and euro in the next few years as foreign investment boosts economic growth.
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Jeany Rose Callora left her home on the Philippine island of Negros last year to work at a soft- drinks factory in Manila, hoping to earn money for college. When her contract ended six months later, she said she couldn’t get another job in Southeast Asia’s fastest growing economy.
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The Asian Development Bank agreed to invest $30 million in Indian clean-energy company NSL Renewable Power Private Ltd. for wind and hydropower in the country.
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The Philippines may further limit property loans to prevent a housing bubble as it uses lower interest rates rather than capital controls to deter inflows.
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Asian Development Bank President Takehiko Nakao comments on the yen and Japan’s monetary expansion. He spoke in a press conference at the lender’s annual meeting in Noida on the outskirts of New Delhi.
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