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The Asian Development Bank (ADB) is a regional development bank established on 19 December 1966 which is headquartered in Ortigas Center located in Mandaluyong, Metro Manila, Philippines, and maintains 31 field offices around the world, to promote social and economic development in Asia. The bank admits the members of the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP, formerly the Economic Commission for Asia and the Far East or ECAFE) and non-regional developed countries. From 31 members at its establishment, ADB now has 67 members, of which 48 are from within Asia and the Pacific and 19 outside. The ADB was modeled closely on the World Bank, and has a similar weighted voting system where votes are distributed in proportion with members' capital subscriptions. ADB releases an annual report that summarizes its operations, budget and other materials for review by the public.
1. Emerging East Asian bond yields continued to fall amid a weak global economy and while the outlook for the region’s bond markets is generally benign, a number of risks are emerging, including US Federal Reserve rate hike, broad-based global economic slowed.
2. During survey respondents were asked to rate each initiative as either “very important (4),” “important (3),” “somewhat important (2),” “not important at all (1),” or “don’t know” (0). The results were then quantified based on a scoring system ranging from 4 (“very important”) to 0 (“don’t know”).
This is the rate at which different categories of Consumers buy electricity from the distribution companies (DESCO, DPDC as well as BPDB). Details of rates are given in the Table below. As can be seen, retail tariffs have remained unchanged for long periods of time. Different categories of customers pay different rates. Cross subsidies are prevalent, as in many other countries. BPDB, DESCO, DPDC all charge similar retail rates to their customers belonging to the same category. In 2010-11, the rate at which DESCO bought energy from BPDB was Tk.3.605, and paid transmission charges to PGCB at Tk.0.2291; in 2009-10 the corresponding rates were Tk.2.4452 and Tk.02291, respectively. This gives a per unit surplus of Tk. 0.48 in 2010-11 and Tk.1.37 in 2009-10-----a decrease of Tk.0.89 / Unit. DPDC sold power to its customers at an average rate of Tk.4.23 against a total cost per unit of Tk. 2.79 (DPDC to BPDB Tk.2.567+ DPDC to PGCB Tk.0.2217)