Indonesian economy posts higher growth in Q2

Indonesian economy posts higher growth in Q2

Indonesia’s economy expanded 5.44 % in the second quarter of 2022, up slightly from the 5.01% growth recorded in the first quarter according to Statistics Indonesia.
RoK to invest 6 billion USD in Indonesia’s new capital development
RoK to invest 6 billion USD in Indonesia’s new capital development
Indonesian President Joko Widodo has said that the Republic of Korea has agreed to support the development of the country's new capital (IKN)...
Five more Omicron BA 5 variant cases detected in Malaysia
Five more Omicron BA.5 variant cases detected in Malaysia
Malaysian Health Minister Khairy Jamaluddin on July 8 said five cases of the COVID-19 Omicron BA.5 variant have been detected in the country and are...
Promoting business friendly local economies to boost pandemic recovery in Southeast Asia
Promoting business friendly local economies to boost pandemic recovery in Southeast Asia
(CPV) - Better business environments across Southeast Asia are critical to rejuvenating firms hit hard by the COVID-19 pandemic. This was the key...
ASEAN, UK launch dialogue partnership
ASEAN, UK launch dialogue partnership

The Association of Southeast Asian Nations (ASEAN) and the United Kingdom convened the inaugural ASEAN-UK Joint Cooperation Committee (AUKJCC) Meeting via videoconference on June 24, marking the start of a formal partnership to strengthen their long-standing ties.

At GEF Council, a commitment to lean into hope
At GEF Council, a commitment to lean into hope

(CPV) - Meeting in person for the first time since the COVID pandemic began, the Global Environment Facility’s governing body approved the final tranche of its seventh funding cycle and endorsed record donor contributions for the coming four years as the partnership rallied around the need to invest in improved planetary health.

Malaysia attracts record foreign investment since 2016
Malaysia attracts record foreign investment since 2016

Malaysia recorded net foreign investment inflows of 48.1 billion ringgit (10.93 billion USD) in 2021, the highest since 2016, signaling the robust recovery, according to the Department of Statistics Malaysia (DOSM).

Diplomat proposes ways to beef up India – ASEAN relations
Diplomat proposes ways to beef up India – ASEAN relations

Vietnamese Ambassador to India Pham Sanh Chau has attended workshops themed “Act East through North East” and “Natural Allies in Development and Interdependence” held recently by the Indian Ministry of External Affairs and the Government of Assam State.

USD400 million loan to support expansion of Philippine capital markets
USD400 million loan to support expansion of Philippine capital markets

(CPV) - The Asian Development Bank (ADB) has approved a USD400 million policy-based loan to help the Philippine government further deepen the country’s domestic capital markets and increase the supply of long-term finance, especially for infrastructure development, which is crucial for the country’s sustained economic growth.

ADB stays aligned to its strategy 2030 vision amid COVID-19 pandemic
ADB stays aligned to its strategy 2030 vision amid COVID-19 pandemic

(CPV) - The Asian Development Bank (ADB) responded effectively to its clients’ urgent needs amid the COVID-19 pandemic and should accelerate efforts to achieve the vision of its Strategy 2030 to support recovery and the Sustainable Development Goals, according to its Development Effectiveness Review (DEfR) released on May 25th 2022.

Cambodia’s economy to accelerate in 2022 and 2023
Cambodia’s economy to accelerate in 2022 and 2023

(CPV) - Cambodia’s economy is forecast to grow 5.3% in 2022 and 6.5% in 2023, thanks to strong merchandise exports and foreign direct investment inflows, according to an Asian Development Bank (ADB) report released on early April.

Malaysia s total trade soars to new high in March
Malaysia's total trade soars to new high in March

Malaysia's total trade recorded a growth rate of 27.3 percent year-on-year last month to reach a new high of 236.6 billion RM (55.69 billion USD), the Department of Statistics Malaysia (DOSM) announced on April 18.

ASEAN, US to convene special summit in May
ASEAN, US to convene special summit in May

Cambodia, as the Chair of the Association of Southeast Asian Nations (ASEAN) in 2022, announced that the bloc and the US are set to convene a special summit to celebrate the 45th anniversary of their dialogue relations in Washington D.C., on May 12 and 13.

Indian economy to grow 7 5 in FY2022, 8 in FY2023
Indian economy to grow 7.5% in FY2022, 8% in FY2023

(CPV) - India’s economy will grow 7.5% in fiscal year (FY) 2022 and 8% in FY2023, supported by increased public investment in infrastructure and a pickup in private investment, the Asian Development Bank (ADB) forecasts.

Singapore s GDP expands by 3 4 percent in Q1
Singapore's GDP expands by 3.4 percent in Q1

Singapore's Ministry of Trade and Industry recently announced that the country's gross domestic product (GDP) grew by 3.4 percent year on year in the first quarter of 2022, moderating from the 6.1 percent growth in the previous quarter, reported Xinhua news agency.

Structural reforms key to accelerating growth in Pakistan
Structural reforms key to accelerating growth in Pakistan

(CPV) - After a strong economic rebound in fiscal year (FY) 2021, Pakistan’s economic growth is expected to moderate to 4% in FY2022 due to tighter fiscal and monetary policies before picking up again in FY2023, the Asian Development Bank (ADB) said in a report on early April 2022.

ASEAN, US partners launch ASEAN SME Academy 2 0
ASEAN, US partners launch ASEAN SME Academy 2.0

The Association of Southeast Asian Nations (ASEAN) in collaboration with the US-ASEAN Business Council (US-ABC) and the US Agency for International Development (USAID) on April 8 officially launched the ASEAN SME Academy 2.0, an upgraded version of an online learning platform.

Private sector development remains critical to Uzbekistan reforms
Private sector development remains critical to Uzbekistan reforms

(CPV) - Private sector development remains critical to ongoing reforms in Uzbekistan and the Asian Development Bank (ADB) will continue to help the country strengthen its private sector as it pursues inclusive and sustainable growth, ADB President Masatsugu Asakawa said in a meeting with President of Uzbekistan Shavkat Mirziyoyev in Tashkent on March 25th 2022.