The Asian Development Bank projects that the coronavirus could push 160 million more into poverty across Asia. The region’s poverty rate will increase for the first time in 20 years, according to the World Bank.
INDIA, Oct 24: Asia surpassed 10 million infections of the new coronavirus on Saturday, the second-heaviest regional toll in the world, according to a Reuters tally, as cases continue to mount in India despite a slowdown and sharp declines elsewhere.
GENEVA, Oct 20: Europe and North America should follow the example of Asian states by persevering with anti-COVID measures and quarantining anyone who comes into contact with infected people, a World Health Organization (WHO) expert said on Monday.
GENEVA, Oct 12: There has been a dramatic increase in extreme weather events in the past 20 years, which are taking a heavy human and economic toll worldwide and are on track to expand further, and Asia has been hardest-hit, the United Nations said on Monday.
SYDNEY/TOKYO, July 14: Australian states tightened borders and restricted pub visits on Tuesday, while Disney prepared to close its Hong Kong theme park and Japan stepped up tracing as a jump in novel coronavirus cases across Asia fanned fears of a second wave of infections.
PHUKET, Thailand, March 27: From the sun-soaked beaches of Thailand to the foothills of Mount Everest in Nepal, tourists across Asia are finding their dream vacations have turned into travel nightmares as airlines cancel flights and countries close their borders in the fight against the coronavirus pandemic.
NEW YORK – History at any moment can be understood as a snapshot, telling us where we are, or as a moving picture, telling us not just where we are but where we have been and where we may be headed. It is a distinction with an enormous difference.
ASIR GUDANG/JOKHABAD, May 31: When local investigators scoured a riverbed in southern Malaysia for clues in a chemical dumping case that hospitalized over one thousand people earlier this year, they found a cocktail of toxins, including a colorless liquid commonly secreted when tires are recycled.
The Trump administration in the US has come up with the Indo-Pacific doctrine which in many ways is a restatement of Barak Obama’s pivot to Asia, known as the rebalance doctrine. Both doctrines are of the same origin and carry a shadow of the famous Thucydides trap that was popularized by Harvard Professor Graham Allison in the 1990s.
Asia's football chief and FIFA's second-in-command Sheikh Salman bin Ebrahim al Khalifa received a fresh, four-year term on Saturday, triggering complaints from campaigners who said regional soccer was in "crisis" over human rights.
SINGAPORE, March 28: Avoiding threats from climate change and pollution will require Asia’s booming cities to become much more efficient in their use of energy resources, delegates at a city development conference said on Thursday.
BENGALURU, March 19: Corporate spending in Asia is likely fall for the first time in three years, a Reuters analysis of Refinitiv data showed, as businesses conserve cash in the face of a stalling Chinese economy, an unresolved trade dispute and Brexit uncertainty.
SINGAPORE, Feb 28 : Oil prices dipped on Thursday, dragged down by weakening factory output in China and Japan and record U.S. crude output, although markets remained relatively well supported by supply cuts led by producer club OPEC.
LONDON, Feb 27 : European stock markets opened lower on Wednesday after fresh hostilities erupted between India and Pakistan, causing Asian assets to fall and pushing investors into safe havens such as the yen.
WASHINGTON, Jan 31: Secretary of State Mike Pompeo says he is sending a team “someplace in Asia” to set up a second summit between President Donald Trump and North Korean leader Kim Jong Un by the end of February.
SINDHULI, Jan 31: With the increasing number of vehicles along this vital highway, various places along the Banepa-Bardibas section of BP Highway have developed numerous cracks and bumps, making travelling risky. The shoddy repair work carried out recently along various sections of the highway has made the road even more dangerous.
HONG KONG, Jan 2: Factory activity weakened across Asia in December as the Sino-U.S. trade war and a slowdown in Chinese demand hit production in most economies, strengthening the case for a pause in interest rate hikes in the region in 2019.
Even though China has remained favorite destination for investors for decades, India has pipped its neighbour in 2018 for the first time in the last 20 years in terms of foreign direct investment (FDI), changing the dynamics of attractive Asian market.
SEOUL, Dec 29: To judge by the stream of extraordinary images on the Korean Peninsula, you might think 2018 marked the beginning of an elusive peace in one of the world’s last vestiges of the Cold War.
European Investment Bank (EIB) is the public bank owned by 28 member countries of the European Union. The EIB supports investment in 160 countries worldwide. In Asia, it focuses on support for climate-related investment. Nearly 14 percent of its investment is outside the EU including Asia. The EIB has provided more than 190 million euro for energy investment across Nepal over the last five years.
KATHMANDU, Nov 29: With the slogan “Addressing Critical Challenges of Our Time: Interdependence, Mutual Prosperity and Universal Values” Nepal is hosting for the regional summit for Asia-Pacific nations, which is scheduled to be held on November 30 –December 2.
BANGKOK, Nov 2: Despite rapid economic growth, the Asia-Pacific region has nearly a half billion people who go hungry as progress stalls in improving food security and basic living conditions, a United Nations report said Friday.
KATHMANDU, July 28: The qualifying event for Asia Cup 2018 has been shifted to Malaysia, where top six Asian associate nations will compete to earn a spot in the forthcoming marquee Asian cricket event in September. The Asian Cricket Council (ACC) revealed the change in venue, from India to Malaysia, through their official twitter handle and website on Friday.
KATHMANDU, July 25: The schedule for the Asia Cup 2018 has been confirmed to run from 15 to 25 September at the United Arab Emirates (UAE). Test nations Bangladesh and Sri Lanka will take on each other to inaugurate the marquee Asian cricket championship at the Dubai International Cricket Stadium.
KAZAN, July 3: South Korea hammered the Germans, and Japan very nearly did the same to Belgium, but Asia’s representatives are once again heading home before the business end of the World Cup gets going.
SHANGHAI, May 24: Asian shares moved lower on Thursday as investors fretted about new setbacks in U.S.-China trade talks, but negative sentiment was tempered by U.S. Federal Reserve meeting minutes suggesting it would not raise the tempo at which it increases interest rates.
KATHMANDU, April 26: Nepal ranks second in South Asian countries in World Press Freedom Index of 2018. The World Press Freedom Index ranks 180 countries on indicators such as media independence, self-censorship, the rule of law, transparency and abuses.
KATHMANDU, April 10: NIC Asia Bank Ltd and International Finance Corporation (IFC), a member of the World Bank Group, has exchanged a mandate letter for long-term loan. The loan from IFC is subject to approval from the Nepal Rastra Bank (NRB).
KATHMANDU (REPU-BLICA): The resignation submitted by Chief Executive Officer (CEO) of NIC Asia Bank, Laxman Rijal, has been accepted by the bank's board. Deputy CEO of the bank, Roshan Kumar Neupane, has been appointed as its acting CEO.
KATHMANDU, March 16: Prime Minister K P Oli has said that the new era for economic development has begun in Nepal. Speaking at the inaugural ceremony of the 6th SAARC Business Leaders’ Conclave that kicked off in capital on Friday, Prime Minister Oli said that there is a need for deeper integration among South Asian countries to steer the region toward the path of economic prosperity.
KATHMANDU, March 14: Nepal Bankers Association (NBA) and NIC Asia Bank Ltd have agreed to mend fences after the commercial bank decided to roll back its decision to offer deposit rates higher than the rates capped by the association through an 'informal understanding'.
KATHMANDU, March 10: Nepal Bankers Association (NBA) on Friday told its member banks to suspend their interbank transactions with NIC Asia Bank Ltd for raising interests on deposits “in breach of an informal understanding to cap the interest rates.”