News

ADB cuts Thailand’s 2023 economic growth forecast to 2.5%

The Asian Development Bank (ADB) has lowered its economic forecast for Thailand in 2023 from 3.5% growth to 2.5%, citing export contraction, reduced government spending, and lower investment from both the public and private sectors.The ADB also revised down its forecast for the Thai economy ...

The Nation Reporter

ADB brings together experts to find formula for speedy recovery in Southeast Asia

The Asian Development Bank (ADB)’s president, Masatsugu Asakawa, has set up a panel of experts in the subjects of economics, finance and health to help ministers, central bank governors and other senior officials in Southeast Asia identify options that they can tap into to quickly ...

The Nation Reporter

Asian Development Bank signs US$7.2m loan for Thailand wind-plus-battery project

The Asian Development Bank (ADB) has signed a loan deal for its first wind energy-plus-battery storage project in Thailand, which is also the country’s first private sector initiative to combine the two technologies at scale.The ADB told Energy-Storage.news this morning that it will lend THB235.55 ...

Andy Colthorpe

ADB seeks co-financing of Thai projects

The Asian Development Bank (ADB) is looking to co-financing deals of mass transit, double-track rail and renewal energy projects with the Thai companies, said Hideaki Iwasaki, the bank’s country director in the Kingdom.He said Thai government is in a strong fiscal position and has not ...

Wichit Chaitrong

ADB calls for sustainable funding for transit systems

The Asian Development Bank has urged the Thai government and other governments in developing Asia to manage their debt carefully.The ADB has also proposed sustainable financing solutions for the rapid mass transit system in mega-cities like Bangkok, Jakarta and Manila. Meanwhile, a Thai land developer ...

Wichit Chaitrong

ADB is essential – and can do better

With China making generous loans to countries around the world, the Asian Development Bank should be seen more as an inspiration than as a rival. The Asian Development Bank (ADB) was proactively responding to new challenges arising in its mission to help developing countries when ...

The Nation Reporter

ADB turns sights to smaller economies

The Asian Development Bank (ADB) plans to focus more of its investments on development projects in the smaller economies of the Asia-Pacific region, its president Takehiko Nakao said yesterday.Keep reading ...

The Nation Reporter

ADB boosts support for region

The Asian Development Bank (ADB) has vowed to deepen its support for Southeast Asia in development assistance, reflecting the region’s rising stature as a destination for trade and investment.In prioritising Southeast Asia in its assistance, the multilateral lender would get involved in many operations in ...

The Nation Reporter

Thailand’s first green bond, issued by B Grimm, is taken up by ADB

B Grimm Power, one of Thailand’s leading private power producers, on Tuesday (Dec, 11) announced a landmark issuance of the Kingdom’s first certified climate bonds. B Grimm’s maiden green debentures, worth Bt5 billion with five- and seven-year maturity, were subscribed by the Asian Development Bank (ADB).Keep ...

The Nation Reporter

TRADE WAR: Supachai seeks focus on SMEs amid uncertainties

Thailand, as an export-dependent economy, needs to adjust its strategic policies and support small and medium enterprises against uncertainties and the threat of global capital outflows, experts warned Wednesday. Thailand should be concerned about trends in global trade, as they greatly affect the Thai economy ...

Phuwit Limviphuwat

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