Mongolia’s economic growth will remain solid in 2018 and 2019, albeit with slight moderation, following a strong performance in 2017 as coal exports and mining investments strengthened, according to a new ADB report.

The Philippines’ economic growth is expected to sustain its quick pace in 2018 and 2019 as the government’s infrastructure program is rolled out, says a new ADB report.

The joint venture won an auction initiated by Monnet's creditors to sell off the bankrupt company, which owes banks around $1.6bn. Monnet operates a 1.5mn t/yr integrated steel plant in the central Indian town of Raigarh.