MANILA, 09 APRIL 2026 (PACNEWS) — Asian Development Bank President Masato Kanda has warned that the conflict in the Middle East is hitting Southeast Asia hard, driving inflation, raising costs and threatening food security across the region. Kanda said the impact of the crisis goes beyond energy, with Southeast Asia heavily exposed to oil imports. […]
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Palau seeks another ADB loan for second submarine cable
Palau is seeking another loan to bring a second submarine cable to the country, President Tommy Remengesau, Jr. stated in his State of the Republic Address yesterday, April 25. The second submarine cable will provide Palau with backup connectivity options in case of a malfunction. “Recent examples in Tonga, Saipan, and the RMI, where the […]
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ADB expands development office to country office in Palau
The Asian Development Bank (ADB) is expanding in Palau with an establishment of a country office to be completed by the end of the year, according to Development Coordinator for the ADB office here Ms. Alfonsa Koshiba. Earlier, ADB announced that it is expanding its presence in 11 Pacific island countries “to enhance the impact of […]
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ADB says Palau’s economic growth to pick up in 2019 and 2020
Palau’s economic growth is expected to pick up in 2019 and 2020, with a projected boost from a recovery in tourism and increase in capital expenditures through the Compact funds from the United States, according to newly released Asian Development Bank (ADB) Economic Outlook Report. Palau’s economic growth is expected to accelerate to 3.0% in […]
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Palau gets $15 million line of credit for disaster relief
Palau and Asian Development Bank signed a $15-million-dollar pre-approved loan or credit line for disaster relief on Wednesday, October 17, 2018. The type of funding is another means that Asian Development Bank can deliver assistance for climate change induced disasters efficiently and effectively, according to Ms. Ananya Basu of the ADB during a plenary session […]
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Palau to co-host climate change forum with Ph, ADB
Palau is set to co-host the 6th Asia-Pacific Climate Change Adaptation Forum (APCCAF) with the Philippines and the Asian Development Bank (ADB) in Manila on October 17 to 19. Officials from Palau’s Office of Climate Change told the media during the press conference on Wednesday that over 1,000 people have registered for the forum which […]