Malaysia’s inflation rises on weather-driven food shortage
A shortage of food supplies due to the impact of weather and rising gasoline prices has led to increasing inflation in this Southeast Asian country, according to Malaysia’s Department of Statistics Malaysia (DOSM).
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.
ADB commits USD60 million to creador V to support private sector growth in South and Southeast Asia
(CPV) - The Asian Development Bank (ADB) signed a USD60 million equity investment in Creador V L.P. (Creador V), a private equity fund managed by investment firm Creador, for investments in companies in South and Southeast Asia that will create new jobs, increase tax revenues, and improve access to health and financial services.
ASEAN, RoK promote mutually beneficial economic partnership
The ASEAN-Korea Centre, in coordination with the International Contractors Association of Korea (ICAK), will hold the 9th ASEAN Connectivity Forum on 18-19 January, aiming to further promote mutually beneficial economic partnership.
COVID-19 pushed 148 million Asians into poverty while billionaires grew their wealth by USD1.46 trillion
(CPV) - Across Asia, the COVID-19 pandemic devastated lives and livelihoods, taking away 147 million jobs and pushing 148 million Asians into poverty but while most Asians are worse off, the region’s billionaires grew their wealth by USD1.46 trillion, leading to a staggering rise in inequality, reveals a new Oxfam report at the middle of January 2022.
ADB invests in Northstar V to improve access to growth capital in Indonesia
(CPV) - The Asian Development Bank (ADB) signed a USD39.5 million equity investment in Northstar Equity Partners V Limited (NEP V), a private equity fund managed by the Northstar Group. NEP V will provide growth capital to companies operating across the consumer, financial services, and digital economy sectors in Southeast Asia with a focus on Indonesia, contributing to overall job growth and eco
Cambodia rolls out 4th dose of COVID-19 vaccines
Cambodia on January 14 began administering the fourth dose of COVID-19 vaccine to priority groups in its capital city of Phnom Penh amid the spread of the Omicron variant within the community.
Indonesia lifts entry ban for visitors from 14 countries
The Indonesian Government has lifted the entry ban on visitors with travel histories from 14 countries in the last two weeks to restore the country's economy.
ADB Vice-President meets Sri Lanka President, commends vaccination drive and reaffirms support
(CPV) - Asian Development Bank (ADB) Vice-President Shixin Chen met with Sri Lanka President Gotabaya Rajapaksa on 10 January and commended the government’s rapid vaccination program and other efforts to speed the country’s socioeconomic recovery from the coronavirus disease (COVID-19) pandemic.
Singapore, Japan vow to maintain CPTPP’s high standards
Trade ministers of Singapore and Japan on January 12 pledged to maintain the high standards of market access and rules of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
Myanmar declares five-month ceasefire
General Min Aung Hlaing, chairman of the ruling State Administration Council (SAC) of Myanmar, declared a five-month ceasefire when meeting with visiting Cambodian Prime Minister Samdech Techo Hun Sen in Nay Pyi Taw on January 7.
Philippines warned of health crisis due to Typhoon Rai
Aid officials in the Philippines have warned of a health crisis as millions of people in the country are struggling to secure clean water and food in areas wrecked by a typhoon last month.
Citizens from 14 more countries permitted to enter Laos under new travel scheme
The Consular Affairs Department of the Lao Ministry of Foreign Affairs has added citizens from 14 more countries to the list of nationalities eligible to travel to Laos under the Green Travel Zone Plan.
Cambodia to strengthen ASEAN’s central role as Chair 2022: FM
Cambodia will strengthen ASEAN’s central role so as to maintain peace, security and prosperity as Chair of ASEAN for 2022, Cambodian Deputy Prime Minister, Minister of Foreign Affairs and International Cooperation Prak Sokhonn said on December 29.
Cambodia works to promote economic recovery despite COVID-19
Despite the spread of Omicron variant cases, Cambodia will continue to fully resume the re-opening of socio-economic activities which began on November 1, said Cambodian Prime Minister Samdech Techno Hun Sen.
ADB allocates USD4.1 million to support COVID-19 rural recovery
(CPV) - The Asian Development Bank (ADB) has allocated USD4.1 million in technical assistance to help agri-food value chains and rural economies in Asia and the Pacific recover from the impacts of the coronavirus disease (COVID-19) pandemic.
Food, fuel prices drive Malaysia’s CPI in November
Malaysia's Consumer Price Index (CPI) in November 2021 increased 3.3 percent year-on-year to 124 points, according to the Department of Statistics Malaysia (DoSM).
UN raises 107.2 mln USD to support Filippine typhoon survivors
The United Nations on December 24 raised 107.2 million USD in a campaign to support survivors of super typhoon Rai that hit the Philippines last week.
Singapore inflation continues to rise in November
Prices in Singapore are rising more sharply than expected, with inflation at its highest in several years.
Indonesia’s GDP growth predicted to exceed 5 pct in Q4
The Indonesian government expects GDP growth in the final quarter of 2021 to exceed 5 percent thanks to eased mobility restrictions and a recovering global economy, according to Finance Minister Sri Mulyani Indrawati.
China improves pig breeding stock production
(CPV) - The Asian Development Bank (ADB) and Chongqing Tianzow Animal Husbandry Technology Limited have signed loan agreements of up to USD30 million (in equivalent yuan) to scale up high-quality pig breeding stock volumes and provide income for smallholder farmers in the People’s Republic of China (PRC).
Uzbekistan invests USD162 million to modernize railway and boost tourism
(CPV) - The Asian Development Bank (ADB) has approved a USD162 million loan that will electrify 465 kilometers of railway line connecting major urban centers in western Uzbekistan, improving railway services and boosting trade and tourism in the region.
Laos to reopen to foreign visitors in three phases
Lao government has announced a plan to reopen to foreign visitors starting from January 1, 2022, according to a notice issued by the Prime Minister's Office.
New ADB facility to help Southeat Asia revive tourism and boost sustainable, inclusive investments
(CPV) - The Asian Development Bank (ADB) has set up a USD1.7 million technical assistance facility to accelerate Southeast Asia’s tourism recovery from the coronavirus disease (COVID-19) pandemic, boost inclusive, sustainable development in the sector, and help local tourism entrepreneurs, especially women and youth, adopt digital platforms to grow their businesses.
Youth, women among most vulnerable to job loss in Southeast Asia during COVID-19
(CPV) -Southeast Asia’s youth and women bore the brunt of job losses during the coronavirus disease (COVID-19) pandemic, according to an Asian Development Bank (ADB) report released on December 16th 2021.
Laos records sharp drop in number of new COVID-19 cases
The Lao Ministry of Health announced on December 12 that a total of 1,274 new COVID-19 cases, all community infections, have been recorded in 18 provinces and cities across the country over the past 24 hours.
ADB revises Developing Asia growth outlook down slightly to 7.0% in 2021 and 5.3% in 2022
(CPV) - The Asian Development Bank (ADB) revised its economic growth outlook for developing Asia, down slightly to 7.0% this year and 5.3% next year, after renewed outbreaks of coronavirus disease (COVID-19) led to slower growth in the third quarter.
Three research books on international relations launched
Three research books on international relations were launched on December 10 as part of the cooperative project in selection and publication between the Diplomatic Academy of Vietnam and the Konrad Adenauer Stiftung Foundation (KAS) in Vietnam.
Official highlights combination of Party, State, people-to-people diplomacy
Head of the Party Central Committee’s Commission for External Relations Le Hoai Trung has highlighted the need to ensure the Party’s leadership in diplomatic work and the importance of combination of Party, State and people-to-people diplomacy.
Thai economy predicted to return to before COVID-19 level in 2023
Thailand's economy may return to levels logged before the COVID-19 pandemic in the first quarter of 2023, according to the Bank of Thailand (BOT) governor.