ADB operations reach USD22.8 billion in 2021 to boost pandemic response, promote green recovery
25/04/2022 10:47
(CPV) - The Asian Development Bank (ADB) committed USD22.8 billion from its own resources in 2021 to help Asia and the Pacific tackle the immediate effects of the coronavirus disease (COVID-19) pandemic and promote a green recovery.
Philippines unveils offshore wind power roadmap
23/04/2022 09:52
The Philippines has released its offshore wind power roadmap, in which two scenarios are outlined for the development of the country’s wind power industry.
Cambodia’s economy to accelerate in 2022 and 2023
19/04/2022 15:40
(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
19/04/2022 11:27
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
19/04/2022 11:21
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.
Myanmar's Yangon int'l airport reopens after two-year suspension
18/04/2022 17:14
Myanmar reopened the Yangon International Airport on April 17, more than two years after the country suspended all commercial flights due to the COVID-19 pandemic.
Indonesia’s economic growth to strengthen in 2022 and 2023
18/04/2022 16:45
(CPV) - Indonesia’s economy is expected to grow by 5.0% in 2022 and 5.2% in 2023 as domestic demand continues to recover, according to a report by the Asian Development Bank (ADB) released on early April.
Indian economy to grow 7.5% in FY2022, 8% in FY2023
18/04/2022 10:50
(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
18/04/2022 10:30
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.
Domestic revenue mobilization vital for Tuvalu, as growth projected to reach 3% in 2022
16/04/2022 11:44
(CPV) - Growth in the Central Pacific economy of Tuvalu is projected to reach 3% in both 2022 and 2023, according to a new economic report released on early April 2022 by the Asian Development Bank (ADB).
Structural reforms key to accelerating growth in Pakistan
16/04/2022 11:20
(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.
Malaysia administers COVID-19 booster shot to protect vulnerable people
16/04/2022 10:34
As Malaysia now considers COVID-19 an endemic disease, it is important to continue to provide optimal protection for the most vulnerable groups, including the elderly and high-risk individuals, said Dr Anas Alam Faizli, chief executive officer of ProtectHealth.
ASEAN, US partners launch ASEAN SME Academy 2.0
09/04/2022 11:04
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.
Adaptive fiscal, monetary policies crucial for economic recovery: ASEAN officials
09/04/2022 08:35
ASEAN finance ministers and central bank governor gathered at their 8th meeting (AFMGM) via videoconference on April 8.
COVID-19: Singapore opens to vaccinated foreign arrivals
02/04/2022 12:07
Singapore fully reopened its borders to all vaccinated visitors on April 1 after a two-year closure over COVID-19.
Japan reaffirms backing for rules-based international order in East Sea
01/04/2022 16:08
Japan strongly supports compliance with the 2016 Arbitral Tribunal Award on the East Sea arbitration case, Japanese Ambassador to the Philippines Kashikawa Kazuhiko has twitted.
Private sector development remains critical to Uzbekistan reforms
28/03/2022 11:26
(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.
Laos starts giving fourth COVID-19 vaccine doses to adults
26/03/2022 11:13
The Ministry of Health (MoH) of Laos on March 24 said that the country has started to inject the fourth COVID-19 vaccine doses into high-risk groups and people from 18 years old.
10 ASEAN heritage parks of Vietnam
26/03/2022 10:14
With 10 ASEAN heritage parks, Vietnam is home to the highest number of such parks in the region.
Higher bond yields in developed markets spill over to emerging East Asia
25/03/2022 16:21
(CPV) - Emerging East Asia’s total local currency bond issuance rose 7.1% to an all-time high of USD9 trillion in 2021, according to the latest issue of the Asia Bond Monitor, released on March 25th 2022 by the Asian Development Bank (ADB).
ADB to support planning of Indonesia’s new capital
23/03/2022 09:53
(CPV) - The Asian Development Bank (ADB) has pledged to help Indonesia plan its new capital, Nusantara, as a carbon-neutral and inclusive city.
USD300 million ADB loan to further develop Pakistan’s capital markets
22/03/2022 17:15
(CPV) - The Asian Development Bank (ADB) approved a USD300 million loan to further develop Pakistan’s capital markets on March 22th 2022 to promote private investment in the country, and help to mobilize domestic resources to finance sustainable growth.
ADB, Nepal conduct joint review of projects to improve implementation and delivery of development results
15/03/2022 16:49
(CPV) - The Government of Nepal and the Asian Development Bank (ADB) are conducting a 2-day country portfolio review meeting to assess the progress and proactively address issues of ADB-supported development projects in Nepal for timely delivery of development results.
Singapore issues e-pass to foreign visitors
14/03/2022 17:17
Singapore has stopped stamping on passports on foreign visitors and, in replace, issued electronic visit passes (e-Passes) for them via email, according to the Immigration & Checkpoints Authority (ICA).
Singapore’s Omicron wave peaks, infections decline
11/03/2022 17:20
Singapore’s current Omicron wave has peaked and the number of infections across the country is now declining, Health Minister Ong Ye Kung told the Parliament on March 9.
Malaysia to increase global market share of palm oil
07/03/2022 17:24
The Malaysian government will leverage on the escalating prices of crude palm oil (CPO) to increase the country’s market share of palm oil in the global market, Minister of Plantation Industries and Commodities Datuk Zuraida Kamaruddin said.
China’s investment in Cambodia rose sharply in 2021
07/03/2022 17:16
Chinese investment in Cambodia increased remarkably last year, despite the negative impact of the COVID-19 pandemic, which reflected Chinese investors’ trust in the country’s business environment.
Indonesia aims to vaccinate entire target population in March
07/03/2022 17:11
The Indonesian government is determined to vaccinate the entire target population against COVID-19 in late March.
Russia-Ukraine conflict has little impact on Cambodia’s rice exports
07/03/2022 00:22
The Russia-Ukraine conflict will have no significant influence on Cambodia’s rice exports, according to the Cambodia Rice Federation (CRF).
ADB invests in Tropical Asia Forest Fund 2 to promote sustainable forestry, enhance biodiversity
04/03/2022 00:31
(CPV) - The Asian Development Bank (ADB) has signed a USD15 million equity investment in New Forest’s Tropical Asia Forest Fund 2 (TAFF2) L.P. in Manila, Philippines on March 3rd 2022 to support sustainable forestry practices in Southeast Asia and reduce logging in natural tropical forests by helping sustainably managed plantation companies to scale up their operations.