Connect with us
CGIF-10th-Year-Anniversary

Race to finance Asia’s infrastructure heats up

Asia will need $1700bn per year in investments in power, transport, telecommunications and water through 2030, according to ADB latest estimation.

Avatar

Published

on

“Asia will need $1700bn per year in investments in power, transport, telecommunications and water through 2030.

This is more than double our previous estimate,” Asian Development Bank (ADB) president Takehiko Nakao told the 50th Annual Meeting of ADB’s board of governors last week.

And yet, as Mr Nakao reported, while ADB’s total operations last year achieved record levels, they only reached $31.7bn: a drop in the ocean relative to the region’s financing needs.

[ad_1]

Stepping into this financing gap over the past year or so has been China’s motivation to create the Asian Infrastructure Investment Bank (AIIB).

This new bank’s lending may be only slowly getting off the ground, but it already has more members than the ADB, and its authorised lending limit is also higher than the ADB’s. The new competition from the AIIB has seen the ADB streamline its lending procedures and rush to approve new lending.

[ad_2]

Source link

Comments

Economics

Thai Exports to grow 4% in 2021

Contributing factors include the recovering world economy and the International Monetary Fund’s (IMF) estimate that the world economy will expand 5.2 percent in 2021 from a contraction of 4.4% this year.

National News Bureau of Thailand

Published

on

iStock-1144933955.jpg

BANGKOK (NNT) – The Department of International Trade Promotion (DITP) forecasts that exports in 2021 will gradually return to expansion mode, based on signs of economic recuperation globally and the distribution of a vaccine to protect people against COVID-19.

(more…)
Continue Reading

Tourism

Thai Government imposes ban on gatherings over New Year 2021 holidays

TAT would like to remind all that New Year 2021 activities have been cancelled or gone virtual nationwide to avoid large gatherings according to the Royal Thai Government’s guidelines.

Tourism Authority of Thailand

Published

on

Bangkok, 31 December, 2020 – The Tourism Authority of Thailand (TAT) would like to provide the latest update regarding the Royal Thai Government’s latest announcement on the ban of gatherings nationwide.

(more…)
Continue Reading

National

Thai cabinet allows illegal migrant workers to sign up for 2-year work permit

Migrant workers from Cambodia, Laos, and Myanmar, who are in Thailand illegally, will be able to obtain a 2-year work permit under a special arrangement offered to help contain the spread of COVID-19.

National News Bureau of Thailand

Published

on

Samut Sakhon One Stop Service

BANGKOK (NNT) – Cabinet has approved a special arrangement for illegal migrant workers from neighboring countries, allowing them to register for 2-year legal work status in Thailand, following the case of a new COVID-19 outbreak among the migrant workers’ community.

(more…)
Continue Reading
Advertisement

Latest

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 13,453 other subscribers

Trending