Asian Development Bank

Asian countries need to tweak financial systems to survive head winds, ADB chief says

“The Asian financial market is much more resilient than in the 1997 Asian financial crisis,” said Takehiko Nakao. Photo: Reuters

Asian countries must make their financial systems more innovative to better prepare for a changing external environment and tighter liquidity conditions, Asian Development Bank president Takehiko Nakao said.

Monday, 13 January, 2014, 3:40pm

Talking points

Henry Tang Ying-yen

The wife of former chief secretary Henry Tang Ying-yen and three others make their first court appearance in the case over the city's most infamous basement.

7 May 2015 - 3:30pm

Letters to the Editor, April 14, 2013

Volcanic eruptions can cause severe storms. Photo: Reuters

Storm forecasting requires a fully multi-disciplinary approach including a good understanding of earth sciences, since we are dealing with interactions between components of the earth's systems.

14 Apr 2013 - 2:15am 1 comment

Growth forecast to rise in emerging Asia

Pork prices could rise on the mainland this year, adding to what the ADB says are growing regional inflationary pressures. Photo: Reuters

Growth in developing Asia will accelerate this year, thanks to a recovery in the mainland's economy and robust expansion in Southeast Asia, but governments should ward off capital inflows to avoid stoking inflation, the Asian Development Bank says.

10 Apr 2013 - 3:27am

Talking points

Australia's prime minister in Beijing

Australia's prime minister in Beijing

9 Apr 2013 - 3:36am

China unlikely to challenge Japan's sway in Asian Development Bank

Takehiko Nakao. Photo: Bloomberg

In Asian Development Bank's 47-year history, all eight presidents of the multilateral lender have been the nominees of Japan, one of the largest shareholders of the bank. And it might be no different this time when the voting ends at the end of the month - to the disappointment of those hoping Beijing would enter the contest this time.

5 Apr 2013 - 5:11am

Japan picks currency chief for top ADB job

Takehiko Nakao

Japan will nominate its top currency official, Takehiko Nakao, to head the Asian Development Bank as Haruhiko Kuroda prepares to step down to lead the Bank of Japan.

"Mr Nakao has gained extensive experience in international finance and development," Finance Minister Taro Aso said yesterday.

8 Mar 2013 - 5:37am

China's time at ADB helm not yet come

China's time at ADB helm not yet come

The resignation of Asian Development Bank president Haruhiko Kuroda to be Japan's next central bank governor has raised the question of succession at the Manila-based institution. And once again, China seems to be playing the villain: there are persistent rumours of a Chinese challenge to Japan's leadership at the bank.

5 Mar 2013 - 3:59am

Asia Development bank boss supports further BOJ easing measures

Haruhiko Kuroda, president of the Asian Development Bank (ADB). Photo: Bloomberg

"Some additional" measures could be justified for 2013, ADB president Haruhiko Kuroda said, stressing that he was speaking in his capacity as an economist and chief of the ADB, not as a BOJ contender.

12 Feb 2013 - 5:07am

ADB to finance water sector

The Asian Development Bank plans to give US$500 million in loans to develop China's water sector, according to Hisaka Kimura, ADB's East Asia head of private sector infrastructure finance.

2 Feb 2013 - 4:25am

Asia-Pacific can't ignore rising threat from climate change

Three fourths of the Liberty Island in New York was underwater after Hurricane Sandy. Photo: NYT

The jury may still be out on the link between climate change and natural disasters. But one thing is clear: weather-related disasters are increasing in both frequency and intensity.

3 Dec 2012 - 2:34am

Asia’s mega-cities more vulnerable to disasters

Residents commute along a flooded stretch of road in Calumpit town, north of Manila on August 11. Photo: AFP

Asia’s cities are becoming increasingly vulnerable to natural disasters as they struggle with poor planning, population explosions and climate change, the Asian Development Bank warned on Tuesday.

13 Nov 2012 - 9:51pm

The burning question: has Asia truly lost its mojo?

Asian exporters face risks in the US and Europe. Photo: Bloomberg

First the International Monetary Fund warned developing Asia to brace for shocks from the West. Then the Asian Development Bank (ADB) slashed its regional growth forecasts. Now analysts are concerned that Asia may have lost its mojo?

8 Oct 2012 - 2:50am

Has Asia lost its mojo as its growth falters?

A currency exchange shop in Hong Kong. The Asian Development Bank last week revised down its growth estimates for the region’s emerging economies to the lowest level since 2009. Photo: AFP

First the IMF warned developing Asia to brace for shocks from the West. Then the Asian Development Bank slashed its regional growth forecasts. Now analysts are asking, has Asia lost its mojo?

The European debt crisis and weakness in the United States have long been drags on Asian growth, but throw in China’s difficult leadership transition and the outlook is grim.

29 Aug 2013 - 4:13am

China's growth forecast cut amid slowdown

Bumps ahead

The Asian Development Bank (ADB) has trimmed its forecast for the mainland's and the region's economic growth for this year and next year as weak European and North America demand is expected to drag down growth even as governments are likely to step up spending and ease credit supply.

4 Oct 2012 - 2:32am