ADB approves USD200 million loan to modernize power supply, distribution system in Nepal
30/06/2020
(CPV) - The Asian Development Bank (ADB) has approved a USD200 million concessional loan to improve power supply and distribution systems in Nepal.
At least 19 million children at imminent risk as Cyclone Amphan makes landfall in Bangladesh and India
15:57 21/05/2020
(CPV) - At least 19 million children in parts of Bangladesh and India are at imminent risk from flash flooding, storm surges and heavy rain as Cyclone Amphan makes landfall today, UNICEF has warned. The Indian state of West Bengal, home to more than 50 million people, including over 16 million children, is expected to take a direct hit from the powerful storm.
Use SDGs and Paris Agreement to guide recovery from COVID-19
11:44 21/05/2020
(CPV) - The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), Asian Development Bank (ADB), and United Nations Development Programme (UNDP) jointly launched today the latest edition of the Asia-Pacific SDG Partnership Report - Fast-Tracking the Sustainable Development Goals: Driving Asia-Pacific Transformations on the sidelines of the 7th Asia-Pacific Forum on Sustain
COVID-19: Singapore, Malaysia discuss economic recovery
10:12 21/05/2020
Singapore’s Finance Minister Heng Swee Keat and his Malaysian counterpart Tengku Zafrul Aziz on May 19th discussed economic recovery measures via a video conference as COVID-19 restrictions are gradually eased.
ASEAN senior officials meet online
11:41 19/05/2020
The ASEAN Senior Officials’ Meeting (SOM) at the Deputy Foreign Ministerial level was held on May 18th in the form of a teleconference, with Deputy Foreign Minister Nguyen Quoc Dung, head of Vietnam ASEAN SOM, participating.
Indonesia rolls out USD43 billion stimulus for MSMEs, SOEs
11:26 19/05/2020
The Indonesian government is rolling out a 641.17 trillion rupiah (43 billion USD) economic recovery stimulus, bigger than previous allocations, to soften the impact of COVID-19 on micro, small and medium enterprises (MSMEs), as well as state-owned enterprises (SOEs).
Vietnam proposes stronger ties between ASEAN, partners to handle outbreaks
11:44 16/05/2020
Deputy Minister of Defence Sen. Lt. Gen. Nguyen Chi Vinh on May 15th suggested ASEAN countries enhance their connectivity with ASEAN+3 nations and other partners to cope with outbreaks of disease.
Cambodia: Anti-money laundering draft law approved
11:19 16/05/2020
Cambodia’s draft law of anti-money laundering bill was approved on May 15th at the Council of Ministers meeting chaired by Prime Minister Hun Sen.
COVID-19 economic impact could reach USD8.8 trillion globally
23:37 15/05/2020
(CPV) - The global economy could suffer between $5.8 trillion and $8.8 trillion in losses—equivalent to 6.4% to 9.7% of global gross domestic product (GDP)—as a result of the novel coronavirus disease (COVID-19) pandemic, says a new report released by the Asian Development Bank (ADB) on May 15th 2020.
ASEAN ministers talk impacts of COVID-19 on labour, employment
11:50 15/05/2020
Labour ministers from 10 member countries of the Association of Southeast Asian Nations (ASEAN) had a video conference on May 14th to look into impacts of COVID-19 on labour and employment.