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Thailand supports SMEs to expand overseas
10/12/2019
The Federation of Thai Industries (FTI) and the Bank of Thailand (BoT) have agreed to launch new measures for Thai small and medium-sized enterprises (SMEs) to encourage them to expand overseas.
KfW, ADB expand their existing cofinancing partnership with an additional USD2 billion
10:12 11/11/2019
(CPV) - ADB and KfW, the German state-owned development bank, agreed on November 8th 2019 to expand their existing cofinancing partnership with an additional USD2 billion over the next 4 years in order to support continued economic development in the Asia and Pacific region.
ADB to support new solar project in Tuvalu
11:35 06/11/2019
(CPV) - ADB has approved a USD6 million grant to the Government of Tuvalu to help fund expanded access to modern energy services; improve the quality, reliability, and climate resilience of the energy sector, and reduce the country’s heavy reliance on fossil fuels for power generation, while making the cost of power generation more affordable.
ADB helps Nepal to develop agriculture and improve food safety
16:18 04/11/2019
(CPV) - The Asian Development Bank (ADB) has approved a USD50 million policy-based loan to help support the Government of Nepal’s reforms to improve food safety measures, enhance agricultural trade standards, and promote agricultural commercialization in the country.
US to recover 1 billion USD from Jho Low in 1MDB scandal
15:13 02/11/2019
The US Department of Justice has reached a deal with Malaysian financier Jho Low to retake almost 1 billion USD in funds Low and his family had misappropriated from Malaysian investment fund 1MDB.
Indian scholar: New Delhi should prioritise East Sea issue in foreign policy
15:09 02/11/2019
Indian daily Times of India on November 1st ran an article by Baladas Ghoshal, a scholar from the Institute of Peace and Conflict Studies of India, that held that the encroachment of Vietnam’s exclusive economic zone (EEZ) by China’s Haiyang Dizhi 8 vessel clearly impinged on Vietnam’s territorial integrity and economic security.
Signing the Treaty of Amity and Cooperation: Germany and ASEAN strengthen ties
16:20 01/11/2019
(CPV) - On November 2nd 2019 Germany will formally accede to the Treaty of Amity and Cooperation in Southeast Asia (TAC). For Germany this is an important step in strengthening our relations with ASEAN, an increasingly important community with growing regional and universal significance.
Southeast Asia may become net importer of fossil fuels: IEA
14:58 01/11/2019
The International Energy Agency (IEA) has predicted that Southeast Asia could become a net importer of fossil fuels in the next few years, raising the financial burden on governments and increasing carbon emissions in the region.
Malaysian PM optimistic about economic recovery
16:35 31/10/2019
Malaysian Prime Minister Mahathir Mohamad has affirmed that the government led by the Pakatan Harapan (PH) alliance is working to re-energise the economy, with the road to recovery now visible.
Lao develops its agriculture, education, and public finance management
14:03 31/10/2019
(CPV) - On October 30th 2019, ADB and the Government of the Lao People’s Democratic Republic (Lao PDR) signed three loan agreements worth $140 million that will help develop the country’s agriculture, education, and public finance management.