Manila, April 26 (IANS) The Asian Development Bank (ADB) announced Friday that Takehiko Nakao has been unanimously elected as president by its Board of Governors. Nakao, 57, is Japan's former vice minister of finance for international affairs. He will assume office as the Manila-based lender's ninth president April 28, reported Xinhua
Manila, March 27 (IANS) The Philippines defeated Turkmenistan 1-0 to earn a spot in next year's Asian Football Confederation (AFC) Challenge Cup in the Maldives. The country's most popular footballer Phil Younghusband scored in the 67th minute with a right-footed shot as the home side secured the top spot in Group E of the qualifiers by winning all three matches, reports Xinhua. The Philippines earned their second straight appearance in the Challenge Cup alongside Turkmenistan, Myanmar, Afghanistan, Kyrgyzstan, Palestine, Bangladesh and host Maldives
Manila, March 18 (IANS) The Asian Development Bank (ADB) warned Monday of risk of asset price bubbles as local currency bond markets in East Asia expanded by 12.1 percent last year.
Manila, March 18 (IANS) Australia, Brunei, Japan, South Korea, Singapore and Thailand will take part in a maritime security discussion with the US and the Philippines during a military exercise to be held in April, a Philippine official said.
Subic Bay (Philippines), March 14 (IANS) Youth World Championships silver medallist Narender Berwal (+91kg) and bronze medal winner in 2012 Lalitha Prasad (49kg) continued their winning streak at the ASBC Asian Confederation Youth Boxing Championship here Thursday as they marched into the semifinals. The Indian boxers comprehensively beat their opponents to cement a place in the last four.
Manila, March 13 (IANS) More than 75 percent of Asia-Pacific countries lack water security, with many of them facing an imminent water crisis unless immediate steps are taken to improve the management of water resources, according to a study by the Asian Development Bank (ADB) released Wednesday. The study titled "Asian Water Development Outlook (AWDO) 2013" was jointly prepared by the Asian Development Bank (ADB) and the Asia Pacific-Water Forum (APWF). ADB vice president Bindu Lohani said that while the Asia-Pacific region has become an economic powerhouse, it is "alarming" that no developing country in the region can be considered water secure, reported Xinhua
Manila, March 4 (IANS) The Asian Development Bank (ADB) said in a report released Monday that it sanctioned 42 firms and 38 individuals for engaging in corrupt practices while implementing projects financed by the Manila-based lender last year. ADB said it also barred 57 firms and 51 individuals from seeking ADB-financed contracts as part of a cross debarment agreement it forged with four other multilateral lending institutions, Xinhua reported
Manila, March 3 (IANS) The Philippine anti-narcotics agency Sunday called for mandatory drug-testing covering all collegiate athletes after two basketball players of a university in Metro Manila were caught in possession of dried marijuana, a prohibited substance. Philippine Drug Enforcement Agency director general undersecretary Arturo Cacdac Jr.
Manila, Feb 4 (IANS) A US Navy guided missile destroyer will arrive in the Philippines Tuesday for a routine visit, the American embassy said Monday. It said that USS Stockdale (DDG-106), the third US vessel to visit the Philippines since January, will replenish supplies and offer its crew an opportunity for rest and relaxation, Xinhua reported. The vessel will land in Subic Bay in northern Philippines
Manila, Jan 31 (IANS) A US nuclear attack submarine, which was the first to launch Tomahawk missiles in an Iraqi operation in 2003, will arrive in the Philippines Friday for a routine port visit, Xinhua reported. The USS Cheyenne (SSN 773) will be at the former US naval base in Subic Bay in the northern Philippine province of Zambales, the US embassy said Thursday. The submarine will be there to replenish supplies as well as offer its crew an opportunity for rest and relaxation.