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 message delivered at the regional webinar “Better Local Business Environments for Pandemic Recovery in Southeast Asia” on 29 June in Manila (Philippines), at which policy makers from across the region discussed national and subnational policies to drive economic and social recovery.
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...
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...
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...
Singapore issues e-pass to foreign visitors
Singapore issues e-pass to foreign visitors

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).

Malaysia to increase global market share of palm oil
Malaysia to increase global market share of palm oil

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
China’s investment in Cambodia rose sharply in 2021

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.

ADB invests in Tropical Asia Forest Fund 2 to promote sustainable forestry, enhance biodiversity
ADB invests in Tropical Asia Forest Fund 2 to promote sustainable forestry, enhance biodiversity

(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.

ASEAN, UK boost trade cooperation
ASEAN, UK boost trade cooperation

ASEAN Secretary-General Dato Lim Jock Hoi and UK Secretary of State for International Trade Anne-Marie Trevelyan have discussed overall economic ties between the two sides.

USD150 million ADB loan to support green recovery, catalyze financing toward SDGs in Indonesia
USD150 million ADB loan to support green recovery, catalyze financing toward SDGs in Indonesia

(CPV) - The Asian Development Bank (ADB) has approved a $150 million loan to support a facility aimed at accelerating Indonesia’s economic recovery from the coronavirus disease (COVID-19) pandemic and catalyzing public and private funds to support green and bankable infrastructure projects to help the country reach the United Nations' Sustainable Development Goals (SDGs).

ASEAN special envoy plans to visit Myanmar in March
ASEAN special envoy plans to visit Myanmar in March

Cambodian Minister of Foreign Affairs and International Cooperation Prak Shokhonn on February 17 said that he has planned to visit Myanmar in March as the Association of Southeast Asian Nations (ASEAN)’s Special Envoy.

Indonesia to call on G20 to set up global fund for health crises
Indonesia to call on G20 to set up global fund for health crises

Indonesian Health Minister Budi Gunadi Sadikin has said that the country will urge the Group of 20 leading economies (G20) to establish a global body that can dispense emergency funds during a health crisis, functioning in a similar way to international financial institutions.

Trade integration deepens in Asia and Pacific amid pandemic
Trade integration deepens in Asia and Pacific amid pandemic

(CPV) - Trade among economies in Asia and the Pacific rose to the highest level in 3 decades, bolstering the region’s economic resilience amid the coronavirus disease (COVID-19) pandemic even as mobility restrictions and supply-chain disruptions hampered global trade, a report by the Asian Development Bank (ADB) shows in Philippines on February 9th 2022.

Malaysia leads Southest Asia in FDI attraction in 2022
Malaysia leads Southest Asia in FDI attraction in 2022

Malaysia has outpaced other emerging Southeast Asia peers as the most attractive country for foreign direct investment in the 2022 Milken Institute Global Opportunity Index released on January 27, said the Malaysian Ministry of International Trade and Industry on January 28.

ADB provides USD10 million grant to Tonga following devastating tsunami
ADB provides USD10 million grant to Tonga following devastating tsunami

(CPV) - The Asian Development Bank (ADB) approved a USD10 million (around 22.68 million pa’anga) grant to the Government of Tonga to assist with early recovery and relief efforts and help restore life-sustaining services following the devastating tsunami that hit the country last weekend on January 21st 2022.

Singapore face rising COVID-19 cases
Singapore face rising COVID-19 cases

The Singaporean Ministry of Health on January 21 informed that the number of COVID-19 cases began to increase sharply in recent days, from an average of 800 cases last week to nearly 1,500 cases on January 20, with community infections accounting for the majority.