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29 Sep 17
Japan’s government needs to set a new timeframe to achieve its budget-balancing goal, currently set for the fiscal year 2020/21, finance minister Taro Aso has said.
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28 Sep 17
Thailand’s ousted prime minister Yingluck Shinawatra was yesterday sentenced to five years in jail over mishandling a rice subsidy scheme which reportedly cost the country at least $8bn.
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28 Sep 17
Mongolia’s recovering economy grew by 5.3% in the first half of this year, compared to a 1.2% growth rate recorded in 2016, the Asian Development Bank said this week.
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27 Sep 17
Australia’s final budget deficit of the last financial year dropped below 2% of GDP to A$33.2bn, down more than A$4bn from the forecast in the 2017-18 budget.
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26 Sep 17
Former Pakistani prime minister Nawaz Sharif appeared before an anti-corruption court today, as trial proceedings begin following a corruption probe.
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25 Sep 17
China’s new accounting rules – the basic principles – introduce an accruals system and allow performance to be compared throughout the public sector
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22 Sep 17
Rating agency Standard & Poor’s has downgraded China’s credit rating due rising debt, which has exposed the country to increased economic and financial risk.
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22 Sep 17
The Asian Development Bank has approved two loans, totalling $1.1bn, to strengthen Indonesia’s energy sector and promote growth and development.
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20 Sep 17
The Bangladesh government and the Asian Development Bank signed a $200m loan agreement yesterday, to strengthen urban infrastructure, service delivery, and management in Bangladesh’s...
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19 Sep 17
The United Nations Population Fund is seeking $13m to provide reproductive health care and prevention against gender-based violence to Rohingya refugees in Bangladesh.
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18 Sep 17
India has started building its new bullet train line, largely funded by a 0.1% interest loan from Japan.
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13 Sep 17
The European Commission has announced it is sending €3m in humanitarian aid to Bangladesh and Myanmar to help Rohingya refugees.
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11 Sep 17
A former finance minister has branded the Indian government’s surprise move to withdraw 500 and 1,000 rupee notes from circulation overnight to weed out so-called ‘black money’ a...
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4 Sep 17
The UK has allocated £400,000 to flood relief work in Nepal, in addition to the £660,000 already given to NGOs in badly flooded Bangladesh.
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1 Sep 17
The UK will work quickly after Brexit to establish a new economic partnership with Japan based on the final terms of the deal being negotiated between Japan and the European Union.
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29 Aug 17
A debate has been sparked in Malaysia over how the country measures its gross domestic product (GDP).
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29 Aug 17
The Asian Development Bank (ADB) has proposed the creation of national green financing vehicles to promote environmentally and financially sustainable infrastructure investments.
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25 Aug 17
Indonesia’s finance minister Sri Mulyani Indrawati has received recommendations from the country’s budget committee aimed at improving the draft bill on accountability of the state budget.
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25 Aug 17
The recent increase in Pakistan’s current account deficit was largely driven by a sharp increase in imports of machinery for power generation, textile construction and import of petroleum products,...
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25 Aug 17
Sri Lankan government departments have been warned that all budget proposals for next year should include key performance indicators alongside their output targets.
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22 Aug 17
China’s proposed ’belt and road’ network of surface and sea links to Europe will need measures in place to prevent the spread of epidemics, World Health Organisation director-...
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21 Aug 17
Sri Lanka would be able to meet its current and future electricity demand by use of renewable energy by 2050, according to a joint study by the UN Development Programme and Asian Development Bank.
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21 Aug 17
The World Bank has signed a zero-interest $200m credit with Myanmar to help with programmes that include better public debt management, increased tax collection and stronger public finance management.
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18 Aug 17
The Asian Development Bank and the Green Climate Fund have signed an agreement that will allow the bank to increase its climate financing in developing member countries.
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18 Aug 17
The Philippine government has launched a new catastrophe risk insurance programme to help it respond to losses from natural disasters.