ADB Supports Development of Technical and Vocational Education in Bhutan
(CPV) - The Asian Development Bank (ADB) has approved a $30 million loan to improve Bhutan’s technical and vocational education and training (TVET) system and enhance the skills and employability of its youth.
Indonesia calls on ASEAN to stay united against global pressure
Indonesian Finance Minister Sri Mulyani Indrawati on August 25 suggested ASEAN countries bolster their ties, collaboration, and engagement to ensure sustainable growth amidst the escalating global geopolitical tension.
Renewable energy manufacturing in Southeast Asia can generate $90 billion to $100 billion in sustainable revenue by 2030
(CPV) - The Southeast Asian region could lose up to 30% of its gross domestic product by 2050 due to increases in global temperature and extreme weather events, but bolstering the region’s renewable energy manufacturing capacity would position Southeast Asian countries to create new jobs and meet growing energy demand while drastically reducing emissions, according to new research released on August 24th 2023 on the sidelines of the ASEAN Finance Ministers and Central Bank Governors Meeting by the Asian Development Bank (ADB), Bloomberg Philanthropies, ClimateWorks Foundation, and Sustainable Energy for All (SEforALL).
Cambodia, Indonesia agree on rice trade cooperation
Cambodia and Indonesia reached an agreement for the latter to buy 125,000 tonnes of rice from the former at a recent meeting between Cambodian Minister of Commerce Pan Sorasak and Indonesian Deputy Minister of Foreign Affairs Pahala Nugraha Mansury in Phnom Penh.
Indonesia to operate Southeast Asia's first high-speed rail in October
Indonesia's high-speed rail service, the first of its kind in Southeast Asia, is set to begin commercial operations as early as October following repeated delays.
Thailand simplifies visa procedures to attract visitors
Thailand will reduce approval time and required documents to simplify its visa application procedures as an effort to attract more foreign visitors, said a government official on August 10.
ADB issues Mongolian Togrog Gender Bond
(CPV) - The Asian Development Bank (ADB) has issued its third bond issue denominated in Mongolian togrog (MNT). The MNT13.7 billion (about $4 million) 3-year gender bond pays a fixed coupon of 11.25% semi-annually.
ADB mobilizes $261 million for New Expressway in Bangladesh
(CPV) - The Asian Development Bank (ADB), as a transaction advisor for the Government of Bangladesh’s Rampura Amulia Demra Expressway public–private partnership (PPP) project, has mobilized $261 million of private sector capital for a four-lane, 13.5 kilometer expressway that will ease traffic congestion and provide better connectivity between the capital Dhaka and other major cities.
Malaysian PM announces new plan to boost economic growth
Malaysian Prime Minister Anwar Ibrahim on July 27 announced a new plan to boost economic growth with a vision of guiding the country into the world’s top 30 economies over the next decade.
Tonga opens renewable grid to deliver clean, affordable energy to Niuatoputapu
(CPV) - Tonga’s King Tupou VI, government officials, and the people of Niuatoputau community attended a commissioning ceremony on July 26th 2023 for a new mini-grid generation system and distribution network, funded under the ADB-supported Outer Island Renewable Energy Project.
ADB opens field office in Niue
(CPV) - The Asian Development Bank (ADB) and the Government of Niue officially opened the ADB office in Alofi on July 25th 2023.
ADB appoints Shantanu Chakraborty as new Country Director for Vietnam
(CPV) - The Asian Development Bank (ADB) has appointed Shantanu Chakraborty as its new Country Director for Viet Nam.
New corporate registrations hike in Thailand
New corporate registrations are expected to reach 83,000-90,000 this year, boosted by the increase in foreign tourists and the Thai economic recovery, outstripping an earlier projection of 75,000-78,000, reported the Thai Commerce Ministry's Business Development Department.
Webinar discusses e-commerce opportunities in Singapore, regional countries
A webinar on e-commerce opportunities in Singapore and countries in the region for Vietnamese goods was held on July 21 by the Vietnam Trade Office in Singapore, the Ministry of Industry and Trade’s Department of Asia-Africa Markets and the Vietnam E-Commerce and Digital Economy Agency (iDEA).
ADB maintains growth forecast for Asia and the Pacific
(CPV) - The Asian Development Bank (ADB) is maintaining its growth outlook for developing economies in Asia and the Pacific at 4.8% this year, as robust domestic demand continues to support the region’s recovery.
ADB, Green Climate Fund sign agreement on climate funds access
The Asian Development Bank (ADB) and the Green Climate Fund (GCF) have renewed an agreement allowing ADB to continue accessing GCF funds for its climate finance ambition in Asia and the Pacific.
China: Shenzhen - Zhongshan super sea-crossing project to be open to traffic in 2024
(CPV) - The super sea-crossing project from Shenzhen to Zhongshan not only connects traffic directly between these two cities, but also creates momentum to promote economic, financial and social development, and connection in the Guangdong-Hong Kong-Macao Greater Bay Area.
Enhancing effectiveness of Lancang – Mekong media cooperation
Recently, more than 40 reporters and journalists from Cambodia, Myanmar, Laos, Thailand, and Vietnam, countries participating in the Mekong-Lancang cooperation mechanism, have had a field trip to Beijing, Guangdong and Yunnan of China.
Thailand to see less rainfall into next year due to El Nino
The Thai Meteorological Department (TMD) has warned that Thailand could experience dry conditions due to the El Nino phenomenon until early next year.
Thailand: Eight parties united in upcoming PM vote
With the vote for House Speaker and deputies completed, the parliament of Thailand is heading to the next crucial meeting to vote for Prime Minister. Eight parties holding the majority seats in the lower house said they were united in their decision to vote for Move Forward party leader Pita Limjaroenrat.
ASEAN accelerates energy connectivity to promote sustainable growth
The ASEAN Centre for Energy (ACE) and the Ministry of Energy and Mineral Resources of Indonesia will hold the ASEAN Energy Business Forum 2023 (AEBF) themed "Accelerating Energy Connectivity to Achieve ASEAN's Sustainable Growth" on August 24-26 in Bali, Indonesia.
Laos Government to tackle school drop-out rate
Student enrolment in every school grade in Laos has fallen, while the dropout rate has increased in both primary and secondary schools.
Indonesia takes action to boost medical tourism
Indonesia is working to develop medical tourism in rural areas as part of the country’s effort to strengthen public health care services, a senior official has said.
ASEAN, G7 foster judicial cooperation
The ASEAN-G7 Justice Ministers' Interface convened in Tokyo, Japan on July 7, aiming to foster cooperation among the Association of Southeast Asian Nations (ASEAN) and the Group of Seven (G7) countries in the field of law and justice.
Thailand launches first mobile renal dialysis unit
Thailand's Ministry of Public Health has launched the first mobile renal dialysis unit in the country in a bid to help bedridden patients in remote areas.
ASEAN mobilises resources to assist cyclone-hit Myanmar
The Association of the Southeast Asian Nations (ASEAN) has sent another batch of relief items from the people of ASEAN to the people of Myanmar affected by Tropical Cyclone Mocha, said ASEAN Chair Indonesia.
GEF Council approves plans for 'game-changing' Global Biodiversity Framework Fund
(CPV) - The Global Environment Facility’s governing board has approved plans to establish a “game-changing” new fund to finance the implementation of the Kunming-Montreal Global Biodiversity Framework, which aims to put nature on a recovery path by the end of this decade.
LDCF and SCCF provide new targeted support for vulnerable states
(CPV) - The Least Developed Countries Fund (LDCF) and Special Climate Change Fund (SCCF) will deploy $63 million in urgent funding for countries on the frontlines of climate change following a meeting of the Global Environment Facility-managed funds in Brazil.
GEF Council provides $1.4 billion boost for environmental action
(CPV) - Meeting in Brazil, the Global Environment Facility’s governing body approved the disbursement of $1.4 billion to accelerate efforts to tackle the climate, biodiversity, and pollution crises.
Emerging East Asia bond yields fall on easing inflation, moderating monetary tightening
(CPV) - Bond yields in emerging East Asia declined from March to May amid easing inflationary pressure in the region and slower monetary tightening in the United States, according to the latest issue of the Asian Development Bank’s (ADB) Asia Bond Monitor.