Feature
Preventing Malnutrition is key to Meeting MDGs in Asia
Malnutrition remains a serious issue in developing countries of the Asia and Pacific region. Ironically, as these countries develop, malnutrition has taken a new twist. Where formerly it was generally understood to mean not enough food, rising living standards have led to the emerging problem of obesity-thus malnutrition in this region has become the double burden of undernutrition and overnutrition.
Malnutrition may prevent many countries from attaining at least four of the Millennium Development Goals that they have pledged to reach by 2015. Part of the first of eight goals is to reduce the proportion of people suffering from hunger, while three other goals-reducing the under-five mortality rate, reducing maternal mortality ratio, and achieving universal primary education-can also only be reached through better nutrition.
For More Information:
http://adb.org/Documents/Periodicals/ADB_Review/2005/vol37-4/what-do.asp
Financial & Economic News
The Region
OPEC May Lift Output by 2 Million Barrels
http://edition.cnn.com/2005/BUSINESS/09/19/opec.output.ap/index.html
Growing Demand for Oil in Asia to Boost Oil Logistics Sector
http://www.channelnewsasia.com/stories/singaporebusinessnews/view/169143/1/.html
Developing Asia Should Push ICT
http://news.inq7.net/infotech/index.php?index=1&story_id=50702
China
Yuan Ends at New Post-Revaluation High
http://news.xinhuanet.com/english/2005-09/19/content_3510117.htm
China's Long-term Search for Imported Crude Expected to Gain Pace
http://www.channelnewsasia.com/stories/afp_asiapacific_business/view/168900/1/.html
High Oil Price Curbs Consumption
http://www.channelnewsasia.com/stories/afp_world_business/view/168992/1/.html
Chinese Airline Signs Deal to Buy Eight Boeing 787 aircraft
http://www.channelnewsasia.com/stories/afp_world_business/view/169182/1/.html
Steel Output Expected to Rise 25%
http://news.xinhuanet.com/english/2005-09/19/content_3510144.htm
India
Villages Cash in on India's Business Outsourcing Boom
http://www.channelnewsasia.com/stories/southasia/view/168878/1/.html
India Scouts for FDI from US, Japan in Textiles
http://www.financialexpress.com/fe_full_story.php?content_id=103025
FDI Inflows to Cross $5 Billion by 2006
http://economictimes.indiatimes.com/articleshow/1231970.cms
Indonesia
Fuel Subsidy to be Disbursed
http://www.bisnis.com/servlet/page?_pageid=127&_dad=portal30&_schema=PORTAL30&vnw_lang_id=1&ptopik=ENG&cdate=19-SEP-2005&inw_id=391133
Indonesia's Debt Load Accounts for 52% of GDP
http://news.xinhuanet.com/english/2005-09/19/content_3512399.htm
Indonesia Prepares 44 Hospitals for Bird Flu
http://news.xinhuanet.com/english/2005-09/19/content_3513079.htm
Korea
Exports to US Slip
http://times.hankooki.com/lpage/biz/200509/kt2005091919395511910.htm
Interest Rates Bottoming Out
http://times.hankooki.com/lpage/biz/200509/kt2005091516245411870.htm
Jobless Rate Falls to 3.6% in August
http://times.hankooki.com/lpage/biz/200509/kt2005091516275911880.htm
Philippines
Government Plans to Lower GDP Target for 2006
http://money.inq7.net/topstories/view_topstories.php?yyyy=2005&mon=09&dd=19&file=3
Foreign Worker Remittances Up 22% to $5.8 B
http://money.inq7.net/topstories/view_topstories.php?yyyy=2005&mon=09&dd=16&file=1
Inside ADB
Kuroda Becomes First ADB President to Address the UN
The 60th anniversary of the United Nations (UN) General Assembly marked an ADB milestone. In his address to the UN's Millennium Development Summit, Haruhiko Kuroda became the first ADB President to address the UN in the institutions 39 year history. While in New York, Mr. Kuroda also gave presentations to Asia Society and Columbia Business School.
For more information and photos:
http://www.adb.org/Documents/Speeches/2005/ms2005067.asp
ADB to Tap Potential of NGOs to Fight Poverty in China
A $1 M grant for technical assistance (TA), from ADB's Poverty Reduction Coordination Fund, financed by the Government of the United Kingdom, will support the design and demonstration of models for NGO participation in government-funded poverty alleviation efforts at the village level. The TA will pilot test new mechanisms for competitive selection of NGOs and support capacity building for local officials.
http://adb.org/Documents/News/2005/nr2005129.asp
Management to Step Up Efforts to Improve Operations
The management of the Asian Development Bank (ADB) announced it will make further efforts to improve the performance and focus of its operations, following the release of ADB's 2005 annual evaluation review.
For the full report:
http://adb.org/Documents/News/2005/nr2005131.asp
Results Matter: Ideas and Experiences on Managing for Development Results
World Leaders Gather to Discuss Poverty Reduction Goals at UN Summit
The High-level Global Summit attracted over 175 leaders from around the world to discuss the status of their achievements towards the Millennium Development Goals - a list of goals established and agreed to by developing and industrialized countries in 2000 aimed at improving the lives of the poorest. The goals were to be achieved by 2015 buton the 5th anniversary, participants acknowledged the growing disparity between countries.
For more information:
http://www.un.org/ga/59/hl60_plenarymeeting.html
Feature Publication
The ADO 2005 Update: Developing Asia Faces Tough Choices Amid Rising Oil Prices
With signs of economic stress starting to emerge, developing Asia needs to make some hard decisions to cope with high oil prices, according to the Asian Development Outlook 2005 Update report released this month. The report is a revised estimate of ADB's annual economic forecast for Asia and the Pacific released last April.
The report goes on to say that because the price of world crude has risen by nearly 75% since the start of 2005, as a net oil importer, Asia is vulnerable. Prices are likely to remain high for some time and could hurt the region's growth momentum.
For the full report:
http://adb.org/Documents/Books/ADO/2005/update/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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