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20 June 2017
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ASIA
Multilateral development banks can help infra gap in Asia – AIIB
17 June 2017


A panel of experts attending the Asian Infrastructure Investment Bank (AIIB) said multilateral development banks (MDBs) can support the infrastructure buildout in Asia. The experts said MDBs play a critical role in de-risking infrastructure projects by transitioning them from purely public-led schemes to more leveraged ones. However, Joachim Von Amsberg, vice president of policy and strategy at the AIIB, said MDBs cannot be a substitute for government. Governments need to be the institutions driving the infrastructure buildout in the region. The Asian Development Bank earlier said Asia has an estimated USD1.7tr infrastructure gap if it continues to develop at current growth rates.
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VIETNAM
Solar energy push draws investors to Vietnam
16 June 2017


Investors have become interested in Vietnam's solar energy sector specially now that the Vietnamese government has shifted policies to spur shift to renewables. In 2015, Vietnam saw its first significant on-grid solar energy investment, with a 19.2 megawatt plant in Quang Ngai Province. Recently, Vietnam's TTC Group announced plans to invest about USD1bn into solar energy projects in the country, which remains dependent on coal-fired thermal and hydro power for its power needs. Vietnam plans to cut back coal-fired projects to 26,000 megawatts by 2020, from the 36,000 megawatts planned in 2011. Currently, around 30 power projects, ranging from 20MW to 500MW, are reported to have been registered for licenses, mostly in central Vietnam and the south.
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SOUTH KOREA
AIIB holds annual meetings in Jeju
14 June 2017


The China-led Asia Infrastructure Investment Bank opened its second annual meeting on Jeju Island, South Korea, from Friday to Saturday (16-17 June). The two-day conference discusses sustainable infrastructure for Asia with a total of 2,486 officials, including ministerial-level delegates from 25 countries, CEOs of private businesses and infrastructure and investment scholars are attending the event. The AIIB welcomed 57 signatory countries and approved loans of over USD1.7bn to support nine infrastructure projects across seven countries in its first year of operation. South Korea, this year's host, is the fifth-largest stakeholder in the AIIB.
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THAILAND
USD18bn infrastructure projects up for bid in H2
12 June 2017


Thailand is expected to put THB600bn (USD18bn) worth of government infrastructure projects up for bidding in the second half of this year until next year. The total amount will be for more than 50 infrastructure projects that will boost Thailand's infrastructure. Among the local companies keen on bidding for the projects is listed construction firm Italian-Thai Development Plc. The company expects to bag at least 25% of the total infrastructure projects. Italian-Thai Development Plc had total revenue of THB48.38bn and net loss of THB109.27m in 2016. In the first quarter of this year, the company recorded total revenue THB13.04bn and net profit of THB42.95m, according to the company’s report to the Stock Exchange of Thailand.
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THAILAND
World Bank urges Thailand to open Thai-Sino rail bid
17 June 2017


An open bidding for the long-delayed Thai-Chinese high-speed railway project will benefit the country and allow the government to compare costs among bidders, the World Bank said. Kiatipong Ariyapruchya, senior economist of the World Bank, said that while the bidding may not be open because it is an urgent project, the terms of reference should be made transparent. The Thai-Chinese high-speed railway project will link Bangkok and Nakhon Ratchasima in Thailand. The 252.5-kilometre Thai-Chinese rail track is valued at THB179bn (USD5.27bn). Prime Minister Prayut Chan-ocha said the railway project should be materialized because Thailand has not invested in any big-ticket transport projects  during the past 10 years.
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PAKISTAN
Pakistan's energy sector reforms get USD300m from ADB
16 June 2017


Pakistan and the Asian Development Bank (ADB) have signed an agreement for a USD300m fund that will finance the country's Sustainable Energy Sector Reforms program. Under the agreement, the ADB will assist Pakistan in improving reliability, affordability and sustainability of energy sector to support economic growth. ADB Country Director for Pakistan Xiaohang Yang said the agreement is important as Pakistan is making comprehensive efforts to end the country's energy crisis. Finance Minister Ishaq Dar said the energy sector is central to the Sustainable Energy Sector Reforms program and the government's efforts in the sector will impact the overall economic progress of the country.
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PHILIPPINES
Lenders sought for USD25m ocean-power project in the Philippines
15 June 2017


Philippine firm H&WB Asia Pacific Corp and its French partner Sabella SAS are scouting for lenders to finance a USD25m project that will harness power from ocean energy. The ocean-power project is located in San Bernardino Strait, which is between Matnog, Sorsogon and Capul and Antonio in Northern Samar. H&WB general manager for renewable energy projects Kit Buenaventura said that the project will be funded on 30% equity and 70% debt. The funding will cover the acquisition of three turbines, transmission and storage systems. H&WB said the project will use tidal in-stream energy conversion technology, which shows high potential in the Philippines.
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INDIA
AIIB allocates USD150m for India infra fund
15 June 2017


The China-backed Asian Infrastructure Investment Bank (AIIB) has committed USD150m for its first infrastructure investment in India. The bank said its first equity investment of USD150m will help attract much needed private investment capital for infrastructure projects in India. China and India are the biggest shareholders of the AIIB. India holds 8% share in the bank. The USD150m investment will support an infrastructure fund that the bank says “aims to invest in mid-cap infrastructure companies in India”. In May, the AIIB announced its first loans for India - USD160m towards a power project in Andhra Pradesh.
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PHILIPPINES
Chinese investors eyes socialized housing project in Cebu, Philippines
15 June 2017


Cebu Governor Hilario Davide III revealed that a group of Chinese investors have expressed interest in putting up a socialized housing project in the province of Cebu. The group presented its initial project plant to Davide in a courtesy call at the Cebu Capitol. Davide said details of the plan have not been disclosed yet although he believes that the Chinese group already has a location in mind. Davide said the entry of the Chinese investors into Cebu is a result of President Rodrigo Duterte’s vigorous campaign to draw Chinese businessmen to the Philippines.
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PHILIPPINES
ADB supports urban development project in the Philippines
15 June 2017


The Asian Development Bank (ADB) is supporting the development of the Clark Green City (CGC), one of the priority projects of the Philippine government's infrastructure plan. The ADB and the Bases Conversion and Development Authority (BCDA) have agreed to partner up in promoting and implementing CGC, which has an estimated development cost of around USD14bn. Ryuichi Kaga, head of ADB’s Office of Public-Private Partnership, said the bank is committed to helping the Philippine government develop a well-planned, smart, environmentally sustainable, livable city in Clark. The project will help decongest and complement Manila. This is the ADB’s first transaction advisory mandate covering multiple sectors in the Philippines.
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PHILIPPINES
Philippine water firm gets USD20m grant from JICA
14 June 2017


The government of Japan through the Japan International Cooperation Agency (JICA) has approved a P1bn (USD20m) grant to the Metropolitan Cebu Water District (MCWD), the water utility firm in Metro Cebu, the Philippines, to expand the firm's septage management program. The grant will expand MCWD's capacity to provide desludging services. Currently, MCWD has only one septage treatment plant located in Cordova, Cebu. The plant only serves residential and commercial establishments in Lapu-Lapu City and Cordova town. Desludging prevents underground water contamination. With the P1bn grant from JICA, MCWD spokesperson Charmaine Kara said the water firm seeks to put up three more septage treatment plants in Cebu City and Mandaue City.
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VIETNAM
Japanese group eyes infra projects in Vietnam
14 June 2017


A delegation of Japanese engineering consultants recently visited Can Tho, a city in southern Vietnam's Mekong Delta region, to explore possibilities of joining local infrastructure projects. The delegation from the Eight-Japan Engineering Consultants Inc (EJECT) is looking at local infrastructure projects, including building dykes along the Can Tho river and two bridges. Vietnam officials said Can Tho needs consultation from Japan in implementing several urgent World Bank-funded infra projects. EJECT has more than 50 years of experience in providing consultation on infrastructure development. Its expertise is in urban planning and cityscape. EJECT has been involved in various infrastructure projects in Vietnam, including a project on garbage collection and sorting in Ho Chi Minh.
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VIETNAM
USD53m urban infrastructure improvement fund approved
14 June 2017


An urban infrastructure development project in two emerging cities in northern Vietnam has received USD53m worth of financing from the World Bank. The financing will be added to the Medium Cities Development Project (MCDP) and will be used to bridge the financial gap caused by exchange rate fluctuations. The urban infrastructure improvement will be carried out in the cities of Lao Cai and Phuly, in Lao Cai province and Ha Nam province, respectively. The MCDP seeks to improve infrastructure services, including water treatment and wastewater collection. It also aims to prevent flooding in low lying areas and improve transport services in areas with poor or non-existent roads.
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PAKISTAN
Pakistan turns to China for mega dam project funding
13 June 2017


Pakistan expects to finally kick-start a long-delayed mega dam project in Gilgit-Baltistan through China's financial assistance. The USD12bn-USD14bn Diamer-Bhasha dam is expected to generate 4,500 megawatts of electricity while its vast new reservoir would regulate the flow of water to farmland. According to Planning Minister Ahsan Iqbal, a Chinese firm and a local partner will build the dam over a 10-year period and work should being in the next financial year. Iqbal said Pakistani and Chinese engineers are also surveying other projects, including the 7,100 MW Bunji hydro power project. Pakistan has been keen for years to build a cascade of mega dams but has struggled to raise money from international institutions amid opposition from India.
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HONG KONG
Hong Kong is latest member of AIIB
13 June 2017


Hong Kong has become a new member of the Asian Infrastructure Bank (AIIB), an infrastructure lender back by mainland Chinese government. Hong Kong has subscribed 7,651 share of AIIB's capital, including 1,530 paid-in shares that are amounting to about HKD1.2bn (USD153.9) and payable over five years. Paul Chan, Hong Kong's Financial Secretary, said the city is well placed to help the AIIB raise funds to finance various infrastructure projects. Hong Kong, he said, has a sophisticated, robust, and highly liquid financial market, and an abundance of top professionals with global experience, Chan said. The city's professional services and financial services sector can certainly contribute to the success of the AIIB, he added.
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SRI LANKA
China, ADB lead foreign project financing in Sri Lanka
13 June 2017


China was the top provider of project loans in Sri Lanka last year, accounting for 34% of the total USD1.3bn worth of loans that the country received. The Asian Development Bank accounted for 26% of the total while The World Bank's International Development Association provided 10% of the total foreign loans to Sri Lanka in 2016. The country also received USD46m as grants last year. The loans and grants received in 2016 were disbursed to implement various infrastructure projects in the country. Other countries that provided project loans to Sri Lanka last year include Japan, India, Spain, South Korea, and Belgium. Multilateral development partners include the International Fund for Agricultural Development and the OPEC Fund for International Development.
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KAZAKHSTAN
Solar park secures USD44.5m financing from EBRD
13 June 2017


Kazakhstan's second solar park, the Bunoye Solar 2, has received a loan equivalent to up to USD44.5m from the European Bank for Reconstruction and Development (EBRD). The second park has a capacity of 50 megawatts, similar to the Burnoye Solar 1 established in April 2014. The two parks combined will create the largest renewable energy generator in Central Asia, EBRD said in a statement. The project is being financed in partnership with the Clean Technology Fund (CFT), which is providing a USD10m loan for up to 20 years. To date, the EBRD has invested EUR7.3bn (USD8.23bn) in Kazakhstan, of which EUR1.7bn is invested in sustainable energy and resources.
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PHILIPPINES
DBP approves USD10m loan for desalination plants
12 June 2017


The Development Bank of the Philippines (DBP) has approved a P500m (USD10m) loan to finance the expansion of the water desalination plants of Cebu-based bulk water supplier Mactan Rock Industries Inc (MRII). The expansion will add 20,000 cubic meters per day of bulk water in the company's three water treatment plants in the island of Mactan in Cebu. The multi-million expansion was the company’s response to the increasing demand for water supply, especially in industries, in Mactan island, said MRII chairman Antonio Tompar. Big commercial establishments in the island have already turned to desalinated water as an alternative source of fresh water. Desalination removes dissolved salts from water, thus producing fresh water from seawater or brackish water.
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PHILIPPINES
Manila flood management improvement likely to get USD150m from AIIB
12 June 2017


The Philippine Department of Finance announced that a project to improve flood management in the country's capital could receive USD150m worth of financing from the China-backed Asian Infrastructure Investment Bank (AIIB). The project, co-financed by the World Bank, aims to build new pumping stations and supporting infrastructure. It will also modernize existing flood control facilities, said Finance Secretary Carlos Dominguez III. The project focuses on about 56 potentially critical drainage areas covering approximate 11,100 hectares or more than 17% of the total land area of Metro Manila. The project will be implemented by various agencies, including the Asian Development Bank, and the Metro Manila Development Authority.
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SINGAPORE
Singapore seeks to bankroll China's infrastructure deals
12 June 2017


Singapore is offering help from its financial industry to bankroll China's ambition to develop a network of ports, railways, power plants and other projects across a broad swath of Asia, Europe and east Africa. Singapore Minister for Foreign Affairs Vivian Balakrishnan said that by improving connectivity, financial support as well as training and technology transfers, both sides will help catalyse the expansion and implementation of the initiative. During the Beijing meeting of Balakrishan and Chinese Foreign Minister Wang Yi, China and Singapore vowed to strengthen cooperation on trade and regional infrastructure projects, including those under Beijing's Belt and Road Initiative.
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FINANCIAL TIMES
Finance will create new alliances across Asia
Benefits of rivalry include an increase in Japanese lending
May 2017
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ASIAN CENTURY INSTITUTE
Race to finance Asia's infrastructure heats up
The competition between institutions to bridge Asia’s financing gap is both good news and bad. John West reports from the ADB’s annual meeting in Yokohama.
May 2017
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GENERAL ASSEMBLY OF THE UNITED NATIONS
Making finance work for Sustainable Development in Asia and the Pacific
Statement by the President of the United Nations General Assembly, H.E. Peter Thomson, at the High-level side event of the 2017 ECOSOC Financing for Development Forum on “Making finance work for Sustainable Development in Asia and the Pacific”
May 2017
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GOVERNANCE OF CLIMATE CHANGE FINANCE TO BENEFIT THE POOR AND VULNERABLE IN ASIA PACIFIC
Country reports on Climate Public Expenditures and Institutional Reviews (CPEIR) and Climate Change Financing Frameworks

May 2017
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DEVEX
Asia-Pacific Climate Finance Fund aims to be broader, flexible
May 2017
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ASIAN DEVELOPMENT BANK
Infrastructure Financing Modalities in Asia and the Pacific: Strengths and Limitations
Global infrastructure finance is changing with the return of project finance, renewed interest in alternative financing options, and the evolution of public-private partnerships.
April 2017
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OECD DEVELOPMENT MATTERS
Opportunities and Challenges in Southeast Asia, China and India
Strong growth – averaging 6.2% per year – is expected in Emerging Asia (Southeast Asia, China and India) over 2017-21, though trends vary across the region...
April 2017
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ASIAN DEVELOPMENT BANK
Asian Development Outlook 2017: Transcending the Middle-Income Challenge
Developing Asia has continued to perform well, even as recovery in the major industrial economies remains weak. The region is forecast to expand by 5.7% in 2017 and 2018, nearly the 5.8% growth achieved in 2016.
April 2017
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HKTDC RESEARCH
China and Vietnam's Ambitions Converge in BRI Infrastructure Projects
Despite their differences, China and Vietnam both have much to gain under the ambitious Belt and Road Initiative
April 2017
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Business Development Director
Visa
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CBNA GCG – Sales Officer
Citi
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Chief Corporate General Services and Procurement Officer
African Development Bank
Tunisia, Africa

Director, Account Management, Client Support Services
Visa
Bangkok, Thailand

Director, Debit Product
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Director, RB Compliance
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Division Manager, Agriculture and Rural Finance
African Development Bank
Ivory Cost, Africa

Divisional Manager – Syndications and Co-Financing
African Development Bank
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Economist
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Manager KYC Production Quality Controller
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Manager, operation office - Implementation support    

African Development Bank
Ivory Cost, Africa

Manager, operation office – Power
African Development Bank
Ivory Cost, Africa

Manager, operation office – Power
African Development Bank
Ivory Cost, Africa

Operations Analyst
Asian Development Bank
Manila, Philippines

Product Manager, Direct Custody and Clearing / Securities Services, Asia Pacific

Citi
Hanoi, Vietnam

Sales Engagement Manager
Citi
Ho Chi Minh, Vietnam

Senior Vice President Loan Management Unit Lead
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Greater Jakarta Area, Indonesia

Senior Financial Management Officer

Asian Development Bank
Manila, Philippines

Senior Social Development Specialist
Asian Development Bank
Manila, Philippines

 
 
 
 


 
 

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