ADB $300 mill capital market reforms program will help boost long-term finance, both public and private, needed to fund the Philippine govt’s infrastructure projects
Philippine Finance Secretary SecSonnySays and ADB Pres Nakao at the ceremony for the $380 mill loan for Mindanao roads project and $300 mil capital market reforms program.
Finance Secretary @SecSonny – We look forward to more cooperation in the coming days in building prosperity in the Philippines.
Philippines, Finance Secretary Carlos Dominguez III and ADB President Takehiko Nakao sign the USD380-M loan agreement targeted to improve growth corridors in Mindanao at ADB HQ, president Takehiko Nakao sign loan agreement for Mindanao road network improvement project, exchange documents for capital market reforms program.
We are really in a unique position with the Philippines govt – not only in volume but in collaboration. Economy and country moving in right direction – VP
Germany said on Tuesday it had summoned Iran’s ambassador to reprimand Tehran against spying on individuals and groups with close ties to Israel, Reuters reported. The move came after the March conviction of a Pakistani man for spying for Iran in Germany went into force. Mustufa Haidar Syed-Naqfi was convicted of gathering intelligence on Reinhold Robbe, the former head of the German-Israel Friendship Society, and an Israeli-French economics professor in Paris, for Iran’s elite Revolutionary Guards. The Foreign Ministry summoned the Iranian ambassador to deliver the sharp rebuke once the German constitutional court rejected his appeal. The meeting took place on December 22 but was not disclosed until now. Philipp Ackermann, acting director of the Foreign Ministry’s political section, had reportedly told the Iranian ambassador that “such activities would not be tolerated and were completely unacceptable.”
A major power outage has led to loss of electricity in Kenya’s capital Nairobi and in some central, western and coastal regions of the country, potentially leaving millions of people in the dark. A local power company, which is Kenya’s sole electricity distributor, said a “technical hitch emanating from [its] transmission system” has caused the blackout. Neighboring Uganda also suffered a power outage. The Ugandan power company said the blackout was caused by a “system disturbance” affected “several areas,” without giving the exact locations.
An Israeli driver and West Bank settlement resident has been shot and killed by a suspected Palestinian gunman, the IDF and medical officials confirmed on Tuesday. Israeli soldiers are currently looking for the suspect. Tensions are running high right now in Israel and the occupied territories following US President Donald Trump’s decision to move the American embassy to Jerusalem. Both Israelis and Palestinians consider the ancient city to be their rightful capital.
Economy in Nose Dive, Consensus Govt For Drastic Correction
January09, 2018 (C) Ravinder Singh email@example.com
Honorable President of India and CJI may please note that Present Government is creating NON PERFORMING ASSETS – which are not disclosed to the public. Just 9 FamiliesBorrowings are Rs.16,81,580 Cr – Bank NPAs exceedRs.10,00,000 Cr, actual may be much more. Banks have admitted to Rs.7,30,000 Cr Wilful Defaulters.
Twice More Are Securing Banks Loans to Hide their NPAs* – like RJio. Then there are HEAVILY IN-DEBT Company Taking over Another Heavily IN-Debt Company, Loss Making Companies Taking Over Loss Making Companies. *RIL funding RJio Losses.
Most of the Govt of India projects are LEAST VIABLE like Railways, Power & Highways.
Industry is Worst Affected – No Investment No IPR, Farmers Produce Rotting, Services impacted by GST and Personals benefit borrowers.
Credit to 9 Families and NPAs together already far exceed all the Credit Growth to Private Sector therefore Credit for 1300m Indians is zero or Negative. Rs.10,00,000 Cr Credit to Farmers is an illusion are mostly CROP Loans only – Farmers can’t Develop Storages & Processing Facilities.
THESE ARE RBI FACTS. Government is planting FAKE news like Record Sale of Luxury cars – 38989 in 2017 up from 30188 in 2013. 8701 Cars More Sales than in 2013 doesn’t reflect HEALTHY ECONOMY – 30 LUXURY CARS PER MILLION POPULATION THAT TOO MAINLY FINANCED BY BANKS – PERSONAL LOANS.
Credit Growth Rate in % 2 Yrs, 5 Yrs of UPA, NDA 3 Yrs, FY17 & FY2018
Non Food 1-4
India Needs ‘Consensus Government’ To Take Drastic Actions as Per The Law to Restore Health of India for Next 5 Years.
Ravinder Singh, Inventor & Consultant, INNOVATIVE TECHNOLOGIES AND PROJECTS
Y-77, Hauz Khas, ND -110016, India. Ph: 091- 8826415770, 9871056471, 9650421857
Ravinder Singh* is a WIPO awarded inventor specializing in Power, Transportation,
Smart Cities, Water, Energy Saving, Agriculture, Manufacturing, Technologies and Projects
Invitation for a panel discussion to commemorate Swami Vivekananda’s Birth Anniversary,Friday, 12 January 2018 at 4.30 pm
Preliminary Earthquake Report
- 10 Jan 2018 02:51:32 UTC
- 10 Jan 2018 02:51:32 near epicenter
- 10 Jan 2018 06:51:32 standard time in your timezone
Location17.469N 83.520WDepth10 kmDistances
- 201.9 km (125.2 mi) NNE of Barra Patuca, Honduras
- 245.2 km (152.0 mi) N of Puerto Lempira, Honduras
- 303.1 km (187.9 mi) SW of George Town, Cayman Islands
- 305.7 km (189.5 mi) SW of West Bay, Cayman Islands
- 312.0 km (193.4 mi) SW of Bodden Town, Cayman Islands