Malaysia maintains trade surplus in 43rd consecutive month
23/12/2023 10:00
Malaysia maintained its trade surplus in November, valued at 12.41 billion MYR (2.68 billion USD), making it the 43rd consecutive month of trade surplus.
ADB supports Lao PDR response to food security challenges
23/12/2023 10:00
(CPV) - The Asian Development Bank (ADB) signed a $10 million grant with the Government of the Lao People’s Democratic Republic (Lao PDR) to strengthen responses to food security challenges facing the country.
Japanese Prime Minister vows to promote economic cooperation with ASEAN
18/12/2023 09:43
Japanese Prime Minister Kishida Fumio has pledged to cooperation with the Association of Southeast Asian Nations (ASEAN) to promote economic growth of both sides through boosting investment and people-to-people exchanges.
ASEAN-Japan relations thrive over 50 years
16/12/2023 12:30
Over the past 50 years, the relationship between the Association of Southeast Asian Nations (ASEAN) and Japan has grown comprehensively and deeply across all fields, from politics, security, economy and investment to culture, society, and development cooperation.
Takeo Konishi becomes Director General for South Asia
16/12/2023 09:30
(CPV) - The Asian Development Bank (ADB) has appointed Takeo Konishi as Director General of its South Asia Department (SARD), where he will be responsible for the development and implementation of the department’s strategy in the region. He assumed office on 11 December.
Indonesia plans fifth COVID-19 vaccine dose to high-risk groups
16/12/2023 09:15
The Indonesian Ministry of Health is planning to administer the fifth dose of COVID-19 vaccine for the elderly and those with underlying diseases, given the uptick in the new cases in the country.
ADB to support upgrading Indonesia’s healthcare facilities and laboratories with $650 million loan
16/12/2023 09:00
(CPV) - The Asian Development Bank (ADB) has approved a $650 million investment loan to upgrade and enhance primary health care facilities and public health laboratories nationwide to improve prevention, detection, and treatment of communicable diseases, noncommunicable diseases, and other health conditions.
Developing Asia’s 2023 Growth Outlook Upgraded to 4.9%
15/12/2023 16:11
(CPV) - The Asian Development Bank (ADB) has raised its economic forecast for developing economies in Asia and the Pacific, after robust domestic demand drove higher-than-expected growth in the People’s Republic of China (PRC) and India.
Philippine constructs bridge connecting Bataan and Cavite provinces across Manila Bay to decongest Metro Manila
14/12/2023 11:16
(CPV) - The Asian Development Bank (ADB) has approved financing of up to $2.1 billion for the construction of a 32.15 kilometer (km) climate-resilient bridge connecting Bataan and Cavite provinces across Manila Bay to decongest Metro Manila, enable greater mobility of labor and goods, and enhance economic productivity in the country’s largest region of Luzon.
Muhammad Ehsan Khan becomes Director General for East Asia
13/12/2023 11:04
(CPV) - The Asian Development Bank (ADB) has appointed Muhammad Ehsan Khan as Director General of its East Asia Department (EARD), where he will be responsible for the department’s vision and strategy in the region. He assumed office last week.
India develops its industrial corridors
09/12/2023 14:15
(CPV) - The Asian Development Bank (ADB) today approved a $250 million policy-based loan to develop industrial corridors in India to increase the competitiveness of the manufacturing sector, strengthen national supply chains and links with regional and global value chains, and create more and better jobs.
Indonesia considers visa waivers for 20 countries, territories
09/12/2023 12:15
The Indonesian government is considering granting visa-free entry to nationals of 20 countries and territories, aiming to attract more foreign visitors and promote economic growth.
Malaysian gov't encourages people to use electric vehicles
09/12/2023 11:00
The Malaysian government is committed to increasing the acceptance level of Malaysians to shift to electric-based vehicles including electric motorcycles, the country’s Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said on December 8.
Singapore, China plan mutual 30-day visa-free entry
09/12/2023 09:15
Singapore and China will put in place a 30-day mutual visa exemption agreement early next year, the Singapore Ministry of Foreign Affairs announced on December 7.
JICA to provide up to $1.5 billion for ADB-Managed LEAP 2 Fund to support infrastructure in Asia and the Pacific
09/12/2023 09:00
(CPV) - The Asian Development Bank (ADB) and the Japan International Cooperation Agency (JICA) have signed an agreement to establish the Leading Asia's Private Infrastructure Fund 2 (LEAP 2) with capital of up to $1.5 billion provided by JICA. The fund aims to cofinance high-quality, resilient, and sustainable infrastructure projects in Asia and the Pacific.
GEAPP, and MAS to establish energy transition acceleration finance partnership in Asia
07/12/2023 11:30
(CPV) - The Asian Development Bank (ADB), Global Energy Alliance for People and Planet (GEAPP), and the Monetary Authority of Singapore (MAS) today announced their intent to establish a blended finance partnership to accelerate the energy transition at scale in Asia.
COP28: Multilateral development banks boost joint action on climate and development
04/12/2023 15:15
(CPV) - Multilateral development banks (MDBs) published a joint statement on December 3rd 2023 that presents concrete and urgent actions to scale up finance and enhance climate outcomes measurement, strengthen country-level collaboration, and increase cofinancing and private sector engagement in the response to climate change. The announcement came as world leaders are gathering at COP28 in Dubai.
ASEAN Taxonomy Version 2 receives broad affirmation following stakeholder consultation
02/12/2023 11:00
The ASEAN Taxonomy Board (ATB), representing ASEAN finance sectoral bodies, has announced the completion of targeted stakeholder consultation for Version 2 of the ASEAN Taxonomy for Sustainable Finance (ASEAN Taxonomy).
CAREC countries endorse new vision to fight climate change together
02/12/2023 09:30
(CPV) - Member countries of the Central Asia Regional Economic Cooperation (CAREC) Program committed to work together to cut greenhouse gas emissions and build resilience to climate change on November 30th 2023.
Elevated US rates push up bond yields in emerging East Asia
28/11/2023 14:48
(CPV) - Financial conditions in emerging East Asia weakened in the third quarter of 2023 amid expectations of higher interest rates for a longer period in the United States (US). In response to the elevated US interest rates, government bond yields rose across most markets in the region, according to a new report by the Asian Development Bank (ADB).
Thailand wants to co-host volleyball women’s world champs 2025
25/11/2023 12:15
Thailand Volleyball Association (TVA) has an intention to invite regional countries, including Vietnam, to host the 20th edition of the FIVB Volleyball Women’s World Championship in 2025.
RoK seeks to strengthen investment in central localities
25/11/2023 12:00
The Consulate General of the Republic of Korea (RoK) in the central city of Da Nang on November 24 held a conference on the expansion of investment cooperation between the RoK and central localities of Vietnam.
ADB project to help strengthen climate resilience and livelihoods in China
25/11/2023 09:45
(CPV) - The Asian Development Bank (ADB) has approved a $200 million equivalent loan to strengthen the ecosystem, livelihoods, and climate resilience of the Dabie Mountain region in Huanggang Municipality, Hubei Province in the People’s Republic of China (PRC).
Thailand, China co-host 2023 Green Technology Expo
11/11/2023 12:30
Thailand and China are co-hosting the 2023 Green Technology Expo in Bangkok from November 9-12 to strengthen cooperation and showcase achievements in climate change response and carbon neutrality.
Second Global Media Congress to take place next week
11/11/2023 12:00
The second edition of the Global Media Congress will take place at the Abu Dhabi National Exhibition Centre (ADNEC), Abu Dhabi, from November 14-16.
ADB and GEF jointly announce Asia and the Pacific Natural Capital Fund
11/11/2023 10:45
(CPV) - The Asian Development Bank (ADB) and the Global Environment Facility (GEF) have announced the establishment of Natural Capital Fund (NCF), which is a concessional fund designed to support projects that enhance food security while also protecting and restoring natural capital in ADB’s developing member countries (DMCs). GEF is supporting the NCF with an investment of $15 million.
UNDP urges swift action and new directions to advance Asia-Pacific's human development
08/11/2023 09:00
(CPV) - The Asia-Pacific region is lurching towards an era of unmet aspirations, worsening inequalities, and a steady erosion of democratic spaces. Rising global tensions, new technologies, growing polarization, and existential threats linked to climate change threaten to disrupt improvements in well-being the region has seen in past decades, says a new report from the United Nations Development Programme.
International tourists to Cambodia shoot up 211%
04/11/2023 11:15
Cambodia welcomed 3.92 million international tourist arrivals during the first nine months of 2023, surging 211% year on year, the country’s Ministry of Tourism said on November 3.
Vietnam hosts ASEAN-RoK Strategic Forum
02/11/2023 09:53
The Vietnamese Ministry of Foreign Affairs in coordination with the Embassy of the Republic of Korea (RoK) organised the ASEAN-RoK Strategic Forum in Hanoi on November 1.
Vietnam calls for end to acts of violence, avoiding casualties for civilians in Gaza Strip
29/10/2023 10:01
Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the United Nations (UN), expressed great concern at the current escalating situation in the Middle East and extended his deep condolences to the families of victims of recent attacks while addressing the UN General Assembly’s 10th Emergency Special Session held in New York on October 26-27.