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29 December 2020 Author: Chris Legg, Melbourne The Asian Infrastructure Investment Bank’s (AIIB) recently released 10-year Corporate Strategy will provide a much-needed anchor for the Bank’s operations as it seeks to pivot back to core business and away from the focus on members’ emergency COVID-19-related needs. Multilateral development banks (MDBs) like the AIIB struggle to resist mission creep when under pressure from diverse memberships and ambitious managements. The Corporate Strateg...

Myanmar’s Economic Year in Review Myanmars business hub, Yangon. / Htet Wai / The Irrawaddy 4.8k By Nan Lwin 25 December 2020 YANGON—The Myanmar government began 2020 with high expectations that it would be the year the economic liberalization and reforms it introduced during the previous four years would begin to bear fruit. However, the COVID-19 pandemic upended its plans, slowing Myanmar’s economic growth to 1.7 percent in fiscal 2019-20 from 6.8 percent in 2018-19, not only hammerin...

ADB approved a $1 million (about 2 million Fijian dollars) grant to the Government of Fiji to help fund priority recovery activities following Tropical Cyclone Yasa, which hit Fiji on 17–18 December.

Beijing money which is in turn loans to emerging economies for projects like its muss of belt and road initiative represents a double standard. so far though theres no sign of funds for china drying up. the a.d.b. has stressed that the priority will be on known threat how beijing to combat climate change and endeavor extends that will benefit economies across the asia pacific region. and im joined now by business is clifford coonan who has long experience covering china clifford the asian develo...

The economy. its not tax simplification. its going to be very complicated tax preparers looking for big money. its going to add to the deficit. its permanent corporate tax cut but not permanent relief for the he middle class. >> weal we see. >> 41 minutes after the hour. huge wildfires burning in h southern california. weve got a live report next. adb whose fleece was white as snow. but after an electrical fire from faulty wiring, marys vintage clothing and designer shoe collection were ruined. ...

Went back to congress to get more funding. and congress said we already gave you funding. not once, not twice, but several times. >> jeffrey thomas, is there a similar situation going on in austral australia? and possibly in europe or is it annish now? >> in australia, we have adsb man dated. for all large commercial aircraft pip know they have some funding issues there as well. but certainly in australia, adbs has been rolled out across the country.

Search area. the malaysian ship is expected to arrive in the search area on the third of april. the adb "ocean shield" fitted with a towed pinger locator and a bluefin 21 autonomous underwater vehicle is due to arrive in the search area on the third of april. in terms of sightings of potential objects, on saturday, five objects were retrieved by "hmas success" and the "haisun." however it was found none of these objects were related to mh-370. on sunday, an australian p-3 orion made visual sight...

shia compound where many gather on this important holiday and the photographer we spoke to describes how the explosion inside this crowded compound, bodies fanned out and were decimated. the death toll were hearing could be in one to two dozen but given the scene where we heard from witnesses we are expecting it to rise in the coming hours. zain? >> nick paton walsh. im zain verjee. "world business today" starts now. hello, im andrew stevens in hong kong. >> and from cnn london, im c...