May 2, Tuesday, 2023

1. The Asian Development Bank has unveiled a new loan program to help emerging and developing economies fight climate change. ADB President Asakawa Masatsugu spoke to reporters in the South Korean city of Incheon on Tuesday, as the bank opened its four-day annual meeting. Asakawa said, “The global battle against climate change will be won or lost in Asia and the Pacific.”
2. US President Joe Biden and Philippine President Ferdinand Marcos Jr. have agreed to adopt new defense guidelines amid China’s increasing maritime activities. Biden and Marcos held a summit at the White House on Monday. The joint statement released after the talks said, “They affirm the importance of maintaining peace and stability across the Taiwan Strait as an indispensable element of global security and prosperity.”
3. A crashed Japanese Ground Self-Defense Force helicopter was recovered from waters in the southern prefecture of Okinawa before noon on Tuesday. The helicopter disappeared from radar near Miyakojima Island on April 6. It was carrying a crew of 10. The debris of the helicopter, found at the depth of 106 meters, was raised onto the deck of one of the two private salvage ships involved in the work at about 11:45 a.m. A large net was used to lift the wreckage.