Feature
 The Asian Development Outlook 2006 Forecasts Strong Growth for Asia in 2006
ADB's flagship annual economic publication, Asian Development Outlook (ADO), launched in Hong Kong, China, projects the region will achieve an overall economic expansion of 7.2% in 2006 and 7% in 2007, a marginal easing from 7.4% in 2005.
“The strength of the global economy remains a key determinant of growth in developing Asia,” says Ifzal Ali, Chief Economist of the Manila-based multilateral development bank. “The major industrial economies are expected to grow close to potential and global trade will remain firm this year.”
Dr. Ifzal Ali, Chief Economist, led the North American briefings in Washington, DC, Toronto, Vancouver, and San Francisco.
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To download a copy of the ADO 2006 publication, visit:
http://adb.org/documents/books/ado/2006/default.asp
Financial & Economic News
The Region
Asian Development Bank’s Future At Crossroads
http://sg.biz.yahoo.com/060508/15/40m43.html
China, People's Republic of
Bank of China May Raise $9.9 Billion from IPO
http://news.xinhuanet.com/english/2006-05/10/content_4528740.htm
China Reports Steady Growth in Energy Production in First Three Months
http://english.people.com.cn/200605/09/eng20060509_263992.html
India
India Takes a Leap in Competitiveness Ranking
http://economictimes.indiatimes.com/articleshow/1524957.cms
Come 2050, India will Catch up With the US
http://economictimes.indiatimes.com/articleshow/1448554.cms
Indonesia
Full Debt Payment to IMF Considered Strategic: Bank of Indonesia
http://www.bisnis.com/servlet/page?_pageid=127&_dad=portal30&_schema=PORTAL30&vnw_lang_id=1&ptopik=ENG&cdate=10-MAY-2006&inw_id=437963
Republic of Korea
Rating Upgrade Expected for Korea
http://times.hankooki.com/lpage/biz/200605/kt2006051016482611910.htm
Won Hits Highest Level Since 1997
http://www.koreaherald.co.kr/SITE/data/html_dir/2006/05/09/200605090045.asp
Viet Nam
Japanese Investors: Viet Nam is the Best Choice
http://www.vneconomy.com.vn/eng/?param=article&catid=01&id=6bfca42c94fda2
Viet Nam US to Begin New Round of WTO Talks Soon
http://www.vnagency.com.vn/NewsA.asp?LANGUAGE_ID=2&CATEGORY_ID=30&NEWS_ID=197697
Inside ADB
Brunei Darussalam Joins ADB
Brunei Darussalam has become the 65th member of ADB, effective 27 April 2006. They have subscribed to 12,462 shares of the capital stock. ADB's authorized capital stock is 3,522,190 shares, equivalent to US $51.55 billion.
Top Prize Awarded to an Indian Journalist at Third Annual Journalism Awards
M. Suchitra, 43, of India, was named Development Journalist of the Year at the awards ceremony in Manila. The annual event, cosponsored by Manila-based ADB and the Asian Development Bank Institute in Tokyo, aims to recognize excellence in journalistic reporting by those covering development trends and issues in the region.
For more information, visit:
http://adb.org/Media/Articles/2006/9722-regional-DAJA-2006/
http://www.adbi.org/journalism.awards/
Donors Meet at ADB to Discuss Bird Flu Coordination
Major partners gathered in Manila to discuss regional coordination efforts. The event was a follow up to an informal meeting last January on the sidelines of the high-level conference on bird flu in Beijing, where the international community pledged $1.9 billion for the fight against avian flu, of which ADB can meet up to $470 million.
For more information, visit:
http://adb.org/Media/Articles/2006/9646-regional-bird-flu/
http://www.adb.org/BirdFlu/
Civil Society Participates in the Safeguard Policy Update
Representatives of civil society organizations, including local and international nongovernment organizations, submitted their comments and suggestions for ADB's safeguard policy update. The comments suggest ways to undertake the consultation process and highlight the importance of international best practice and accountability in safeguard implementation. The comments will be taken into account during the policy update which extends till November 2007 when a safeguard policy statement will be submitted to ADB’s Board.
For more information, visit:
http://adb.org/Media/Articles/2006/9773-regional-safeguards-policy/
http://www.adb.org/Safeguards/policy.asp
Project in Profile
ICT to Help Strengthen Philippine Civil Service
A US$500,000 grant from the Government of Japan will use ICT to help strengthen the training and development of third level government executives, and enable more efficient and transparent operations within the civil service system. The project will develop, install, and operate a common database on personnel information to help ensure the selection of the most competent candidates, develop a web portal offering interactive multimedia tools for acquiring and sharing information and transacting business with partner agencies, and create online training facilities that include modules on management concepts and tools.
For more information, visit:
http://adb.org/Documents/ADBBO/GRNT/38571012.asp
http://adb.org/Media/Articles/2006/9673-philippines-training/
Feature Publication
Labor Markets in Asia: Issues and Perspectives
At least half a billion people in developing Asia are unemployed or underemployed and finding ways to provide them productive jobs should top economic agendas around the region. Labor Markets in Asia consists of five chapters examining cross-cutting issues and five country studies. It includes in-depth discussions of labor markets across the region; the links between the forces of globalization, technical change, and competition, and their impact on labor markets; and provides a framework intended to guide policy action.
To purchase a copy of this publication, visit:
http://www.adb.org/Documents/Books/Labor-Markets/default.asp
Employment
Opportunities
http://www.adb.org/Opportunities/default.asp
Events
In North America
http://www.adb.org/NARO/events.asp
Events In Asia
& The Pacific & Europe
http://www.adb.org/News/calendar.asp
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