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ADB president to step down

TOKYO --- The president of the Asia Development Bank, Takehiko Nakao, plans to step down early next year, the regional lender said Tuesday. Japan has usually headed the ADB as a top donor. Finance Minister Taro Aso said in a statement that Tokyo would soon nominate a "high-caliber candidate" as Nakao's successor. Aso said the government planned to recommend Masatsugu Asakawa, a former vice finance minister, as Tokyo's choice as "best qualified" for the job. Nakao, 63, will leave on Jan. 16, 2020. He took the ADB post in 2013 when his predecessor Haruhiko Kuroda was named Bank of Japan governor. He was re-elected to a second five-year term in 2016. He said he was leaving t...

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Motorcyclist dead in Lucena collision

LUCENA CITY ---- A motorcyclist running against a one-way street died after he collided with another motorcycle in Lucena City early Friday....