HomeLatestXinhua Asia-Pacific news abstract at 1600 GMT, April 5

Xinhua Asia-Pacific news abstract at 1600 GMT, April 5

ISLAMABAD — The Asian Development Bank (ADB) right here on Tuesday urged Pakistan to renew strong macroeconomic and structural reforms together with stability to convey financial reforms within the nation, stated a report.

Highlighting the challenges to Pakistan, the ADB stated that the nation has a historical past of resilience and bouncing again, and “the ADB is committed to continuing to support Pakistan’s economic recovery and development plans.” (Pakistan-ADB-Reforms)

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SEOUL — One girl was confirmed useless and one other man injured because the railing walkway of a bridge collapsed within the Gyeonggi province of South Korea, Yonhap news company reported on Wednesday.

The bridge walkway, which crosses a small stream in Seongnam metropolis, simply south of the capital Seoul, caved in at round 9:45 a.m. native time (0045 GMT). (South Korea-Bridge Collapse)

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COLOMBO — Sri Lankan economic system is projected to contract by 4.3 p.c in 2023 as demand continues to be subdued, job and earnings losses intensify, and supply-side constraints adversely have an effect on manufacturing, the World Bank introduced on Tuesday.

Sri Lanka’s heightened fiscal, exterior, and monetary imbalances and its fluid political scenario pose important uncertainty for the nation’s financial outlook. (Sri Lanka-Economy)

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TOKYO — Prices of gold in Japan leaped to a brand new excessive on Wednesday as buyers have been switching out of riskier belongings like shares and into perceived secure havens like gold amid considerations over a U.S. financial slowdown.

On the Osaka Exchange late on Tuesday, benchmark gold futures quickly hit 8,554 yen (65.16 U.S. {dollars}) per gram, and topped the 8,500 yen mark (64.76 {dollars}) per gram on Wednesday, sellers right here stated. (Japan-Prices-Gold)

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SUVA — The Fijian authorities reaffirms on Wednesday its opposition to Japan’s plan to discharge nuclear-contaminated wastewater into the Pacific Ocean, saying that the area isn’t a dumping floor for international locations like Japan to launch its nuclear waste.

While shifting a movement concerning this in parliament on Wednesday, Fiji’s Deputy Prime Minister Manoa Kamikamica stated that the Pacific Ocean shouldn’t be seen as a straightforward and handy dumping floor for undesirable and harmful supplies and waste that different bigger nations produce and don’t wish to use in their very own ecosystem, in response to native media. (Fiji-Japan-wastewater)