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    Annual General Meeting (AGM) and elections of the 110-year-old Century Club held in June.

    Faraz Ahmed, Associate Vice President – Sales & Marketing; Dr. Satish Satyanarayana, Senior Consultant, Clinical & Academic Advisor, Department of Neurosurgery; Dr. A N Venkatesh, Senior Consultant & Head, Regional Director – Emergency Department; Dr. Girish B. Navasundi, Director – Cath Lab & Senior Consultant, Cardiology; Mr. Akshay Oleti, CEO – Apollo Hospitals, Karnataka Region; and Dr. Suryanarayana Sharma P. M., Sr. Consultant, Neurologist and Stroke Specialist, Academic Advisor, Department of Neurology

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  • Home
  • World
    PHOTO CREDIT-SHELL

    Global demand for LNG expected to grow by 65% by 2050

    Sagar Adani calls for faster electrification as Adani Green convenes global energy dialogue at London’s Science Museum .

    PHOTO CREDIT-Nestlé’

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    “Summer Davos” Concludes in Dalian with Call to Scale Innovation Into Growth, Jobs and Competitiveness.

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  • National
    • All
    • Economy & Politics
    • Election

    Annual General Meeting (AGM) and elections of the 110-year-old Century Club held in June.

    Faraz Ahmed, Associate Vice President – Sales & Marketing; Dr. Satish Satyanarayana, Senior Consultant, Clinical & Academic Advisor, Department of Neurosurgery; Dr. A N Venkatesh, Senior Consultant & Head, Regional Director – Emergency Department; Dr. Girish B. Navasundi, Director – Cath Lab & Senior Consultant, Cardiology; Mr. Akshay Oleti, CEO – Apollo Hospitals, Karnataka Region; and Dr. Suryanarayana Sharma P. M., Sr. Consultant, Neurologist and Stroke Specialist, Academic Advisor, Department of Neurology

    “Clinical excellence today extends beyond medical expertise to the strength of the systems that support patient care”.-Akshay Oleti, CEO, Apollo Hospitals, Karnataka Region.

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    Vice-President C. P. Radhakrishnan to Visit Karnataka on June 27–28

  • Business

    Airbus signs Memorandum of Understanding to explore Japanese anti-submarine variant of the Eurodrone.

    “Summer Davos” Concludes in Dalian with Call to Scale Innovation Into Growth, Jobs and Competitiveness.

    UBS and Nethermind Complete Compliance Proofs of Concept on Ethereum.

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    Ramaiah Group and University at Albany Launch RISM, India’s First Greenfield Deemed-to-be University Focused on STEM and Management.

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    PHOTO CREDIT-PHILIPS

    Disney and Philips bring together beloved storytelling and innovative technology to support kids undergoing MRI exams

  • Technology
    • All
    • Environment
    • Science
    PHOTO CREDIT-SHELL

    Global demand for LNG expected to grow by 65% by 2050

    Movate and MelodyArc Announce Applied AI Partnership to Transform CX Operations with AI-Powered Workflow Orchestration

    Qualcomm India Opens Registrations for Snapdragon Multiverse Hackathon to Build Multi-Device AI Solutions.

    Forensic Science Laboratory’s Achievements a Model for the Nation Government Committed to Further Strengthening It – Home Minister Priyank Kharge

    India’s Space Economy Poised to Reach USD 45 Billion in Next Decade; over 400 Space StartUps driving the next phase of growth: Dr Jitendra Singh .

    Union Minister Dr. Jitendra Singh Calls for Stronger Industry-Academia Partnerships to Accelerate Science-Led Growth.

  • Auto

    Daimler India Commercial Vehicles (DICV) also joins the Government of India scheme to provide discounts for the replacement of old trucks and buses in Delhi-NCR.

    Busworld Türkiye 2026 grows by 15% as innovation takes centre stage.

    Tata Motors Strengthens eCV Leadership with over 3,400 Vehicle Orders Across Freight, Logistics and Passenger Mobility Segments.

    GAS Milano Unites the Superbike Fraternity with the Launch of its New Motorsport Inspired Collection.

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    Magnus Carlsen Returns, Divya Deshmukh Set for Global Chess League Debut as Season 4 Player Draft Heads to Mumbai on June 29.

    India’s Drag-Flickers Credit Taekema-Led Specialised Camp for contributing in Nations Cup Success.

    Gulbarga Mystics register dominant 95-run victory against the Shivamogga Yodhas.

  • Entertainment

    Yamaha Music India Launches EAD50 With Acclaimed Drummer Ranjit Barot As Yamaha Artist.

    Actor Dr. Rajkumar’s 97th birthday celebration on April 24th, at 10.30 am in Dr. Rajkumar Punyabhoomi premises of the Sri Kanteerava Studio .

    Doordarshan Chandana has launched an innovative farmers’ reality show named “Raitaratna” (ರೈತರತ್ನ).

    Phoenix Marketcity brings you a legendary live concert by PADMA BHUSHAN KS CHITRA.

    UNDP Goodwill Ambassador and ‘Game of Thrones’ star Nikolaj Coster-Waldau highlights Odisha’s mangrove restoration story in global documentary series

    House of McDowell’s Soda Yaari Jam, India’s Biggest Branded Live IP, Touches down in Kolkata

  • Lifestyle
    • All
    • Food
    • Travel

    Yamaha Music India Launches EAD50 With Acclaimed Drummer Ranjit Barot As Yamaha Artist.

    ABD's ICONiQ White Whisky Achieves Highest-Ever Monthly Sales, Over 1 Million Cases in May 2026

    ABD’s ICONiQ White Whisky Achieves Highest-Ever Monthly Sales, Over 1 Million Cases in a Month.

    PHOTO CREDIT-AIR INDIA

    Air India introduces ‘basic’ fare option, expanding customer choice in economy class on domestic travel.

    Samsung Announces World-First Breakthrough in Fainting Prediction With Galaxy Watch.

    “Our vision is to make nutrition a standard feature in every kitchen, not a luxury.”-Mr. Jambulingappa Hosmani, MD, Panchamrutha Industries Pvt. Ltd

    Change in timings of ration distribution and fair price shops in Bengaluru.

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$408 Million ADB Financing Package to Aid Marawi Rebuilding

FWM by FWM
December 14, 2018
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ADB's assistance will help in the rebuilding and rehabilitation of the southern Philippine city of Marawi and help residents regain their livelihoods.

ADB's assistance will help in the rebuilding and rehabilitation of the southern Philippine city of Marawi and help residents regain their livelihoods.

MANILA, PHILIPPINES (14 December 2018) — The Asian Development Bank (ADB) approved today a $408 million financing package to assist the government in rebuilding and rehabilitating the southern Philippine city of Marawi and help residents regain their livelihoods.

The Emergency Assistance for Reconstruction and Recovery of Marawi package includes a $300 million quick disbursing loan to finance selected programs, projects, and activities under the government’s Bangon Marawi Comprehensive Rehabilitation and Recovery Program covering local governance and peacebuilding, housing and settlement, business and livelihood, and social services.

A second loan of $100 million will finance the reconstruction and rehabilitation by the Department of Public Works and Highways of damaged infrastructure in the city, including about 25 kilometers of roads and 1,700 meters of bridges and viaducts. The infrastructure will be built back better, climate resilient, and will incorporate gender-responsive and inclusive physical design features to enable safe use by women, children, elderly, and people with disabilities.

Many internally displaced people (IDPs) are slowly returning to Marawi and surrounding municipalities after the five-month siege in 2017. The delivery of basic utilities, social  services, and educational resources for children of IDPs have yet to catch up with the needs of residents.

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ADB Vice-President Mr. Stephen Groff led a team of ADB staff on a visit to Marawi City in November 2018 to meet with local officials, residents of a transitional shelter, and students at a temporary school, and to see firsthand the damage in the city center.

“In my interaction with residents of Marawi, they expressed their desire for a better future for their children. We hope that through this new ADB loan and grants package, we can help transform Marawi into a thriving economic center in southern Philippines, where people live in peace and prosperity,” Mr. Groff said.

In addition to the loans, ADB will provide $8 million in grants to restore and rehabilitate water supply systems in 19 barangays (villages). A portion of the grants will also construct local health units with facilities that meet or exceed national standards, procure mobile medical clinics, scale up emergency employment programs and livelihood programs, and deliver primary education in IDP communities.

“With the government’s recovery plan in place, it’s essential that we quickly implement and roll out the programs. It’s important to focus on helping young Maranaos regain a sense of normalcy in a safe learning environment, which they are longing for,” said ADB Country Director for the Philippines Mr. Kelly Bird. “A key component of our grants assistance will equip temporary learning places with better equipment and resources. We will also provide them with culturally sensitive psycho-social support and peace education.”

Mr. Bird said the mobile health facilities will be deployed to areas where IDPs reside to ensure easy access to primary care.

The financing package follows the technical and advisory support ADB delivered to the government, including the post-conflict damage and needs assessment completed by the Task Force Bangon Marawi, the Office of Civil Defense, the National Economic and Development Authority, and other development partners in December 2017.

ADB’s support to Marawi’s rebuilding is aligned with its new Country Partnership Strategy, under which up to $1 billion in development assistance is set to be prepared from 2018 to 2021 to address poverty and income inequality in Mindanao.

ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 67 members—48 from the region. In 2017, ADB operations totaled $32.2 billion, including $11.9 billion in cofinancing.

Tags: Asian Development Bank (ADB)internally displaced people (IDPs)
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    Annual General Meeting (AGM) and elections of the 110-year-old Century Club held in June.

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