ADB's 45 annual meeting in Manila

MANILA – Philippines Secretary of Finance Cesar V. Purisima (left) meets Asian Development Bank (ADB) President Haruhiko Kuroda at ADB headquarters as part of preparations for hosting the organization’s 45th Annual Meeting, which took place 2-5 May in Manila to discuss a range of issues related to economic and social progress for Asia and the Pacific. The annual meeting had attracted more than 4,000 participants and global media.

Comments

Post a Comment

Popular posts from this blog

Cheaper alternative solutions to stormy waves

Image
A mangrove swamp. Photo: Wikipedia Will mangroves be an effective barrier against onslaught of  stormy waves? In the aftermath of widespread destruction in Eastern Visayas brought about by super typhoon Yolanda last Nov. 8, 2013, the Department of Environment and Natural Resources (DENR) was immediately tasked to come out with an effective plan to at least mitigate the negative impacts of super typhoons upon the coastal areas in the areas devastated by the recent calamity . The DENR's task at hand seems to be a gargantuan feat that needs extra-cautious attention from those who are supposed to undertake the project. The topic I'm referring to revolves around a scheme that will identify coastal areas facing the Pacific Ocean to be planted with mangroves. According to Wikipedia, "mangroves are various types of trees up to medium height and shrubs that grow in saline coastal sediment habitats in the tropics and subtropics – mainly between latitudes 25° N and 25° S. T...
Read more

Free trade puts millions of American jobs at risk

Despite its robust economy, the United States is poised to feel the labor crunch as manifested by the recent job cuts imposed by big corporations just to keep their sagging operations afloat in keeping with their remaining resources. Independent economists have predicted that the problem will be exacerbated further by the emergence of globalization which puts millions of American jobs at risk in the coming decade or so. Expected to suffer the impacts of free trade are the estimated two million jobs in the fields of accounting, bookkeeping and auditing, which can be done using the latest communication technology, says Alan Blinder, the former vice chairman of the Federal Reserve Board in a report posted at Wikipedia . This development is a pinch on the U.S. labor market where unemployment rate is causing unease among American workers because some big corporations opted to shift their production to China and other locations in Southeast Asia, where labor is cheap and tariffs on imported ...
Read more

Bond yields in East Asia continue to slow down

MANILA, PHILIPPINES — Bond yields in most emerging East Asian markets continued to track lower from 1 March to 15 May 2016 as investors factored in forecasts of continued slow growth for the global economy, Asian Development Bank’s (ADB) latest Asia Bond Monitor said. At the same time, the US Federal Reserve’s cautious approach to keep interest rates steady in its first three meetings in 2016 led to positive inflows in a number of emerging East Asian local currency government bond markets between January and April. Domestic equity markets and emerging East Asian currencies were mostly stronger over the review period, while credit default swap spreads fell, reflecting reduced perceptions of default risk in the region. “The outlook for emerging East Asian bonds remains mostly benign given still strong fundamentals and interest in the region, however, there are downside risks, including the possibility that quicker than expected US Federal Reserve interest rate hikes trigger a foreign...
Read more