Asia’s developing economies is expected to grow at 7.6 percent this year, faster than earlier projected, as a pick-up in spending by consumers and companies cushions the impact of weaker exports, the Asian Development Bank said. The Manila-based lender said that growth in Asia excluding Japan [...]
Posts Tagged ‘ADB’
May 21st, 2012 - 1:40 pm § in News Of Economy
Huge foreign reserve posing a potential threat to Asian economies
Asia’s developing economies has accumulated a threateningly huge foreign reserve of $2,280 billion, which unless being put on better use, could have serious impact on over all Asian economy, says Asian Development Bank. The Manila based bank has said that Asia’s developing economies are [...]
May 16th, 2012 - 1:31 pm § in News Of Economy
China investigates into US claims of tainted gluten
China has said that it has started investigating U.S. claims that a Chinese company exported contaminated wheat gluten implicated in pet deaths in the U.S. A Chinese official has said that sampling and examination of wheat gluten are in progress nationwide and will focus on melamine. The chemical is[...]
February 4th, 2012 - 2:01 pm § in News Of Economy
ADB shows concern over rising rich-poor divide in Asia
Many are speculating that after west, it is time for Asia to lead the world. 21st century is allying with Asia and expecting it to be the next power region. Development in major Asian regions has proved it correct. Countries like China, India, Japan and Southeast are perfect examples of it, where p[...]