India develops its industrial corridors
09/12/2023 14:15
(CPV) - The Asian Development Bank (ADB) today approved a $250 million policy-based loan to develop industrial corridors in India to increase the competitiveness of the manufacturing sector, strengthen national supply chains and links with regional and global value chains, and create more and better jobs.
Indonesia considers visa waivers for 20 countries, territories
09/12/2023 12:15
The Indonesian government is considering granting visa-free entry to nationals of 20 countries and territories, aiming to attract more foreign visitors and promote economic growth.
Malaysian gov't encourages people to use electric vehicles
09/12/2023 11:00
The Malaysian government is committed to increasing the acceptance level of Malaysians to shift to electric-based vehicles including electric motorcycles, the country’s Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said on December 8.
Singapore, China plan mutual 30-day visa-free entry
09/12/2023 09:15
Singapore and China will put in place a 30-day mutual visa exemption agreement early next year, the Singapore Ministry of Foreign Affairs announced on December 7.
JICA to provide up to $1.5 billion for ADB-Managed LEAP 2 Fund to support infrastructure in Asia and the Pacific
09/12/2023 09:00
(CPV) - The Asian Development Bank (ADB) and the Japan International Cooperation Agency (JICA) have signed an agreement to establish the Leading Asia's Private Infrastructure Fund 2 (LEAP 2) with capital of up to $1.5 billion provided by JICA. The fund aims to cofinance high-quality, resilient, and sustainable infrastructure projects in Asia and the Pacific.
GEAPP, and MAS to establish energy transition acceleration finance partnership in Asia
07/12/2023 11:30
(CPV) - The Asian Development Bank (ADB), Global Energy Alliance for People and Planet (GEAPP), and the Monetary Authority of Singapore (MAS) today announced their intent to establish a blended finance partnership to accelerate the energy transition at scale in Asia.
COP28: Multilateral development banks boost joint action on climate and development
04/12/2023 15:15
(CPV) - Multilateral development banks (MDBs) published a joint statement on December 3rd 2023 that presents concrete and urgent actions to scale up finance and enhance climate outcomes measurement, strengthen country-level collaboration, and increase cofinancing and private sector engagement in the response to climate change. The announcement came as world leaders are gathering at COP28 in Dubai.
ASEAN Taxonomy Version 2 receives broad affirmation following stakeholder consultation
02/12/2023 11:00
The ASEAN Taxonomy Board (ATB), representing ASEAN finance sectoral bodies, has announced the completion of targeted stakeholder consultation for Version 2 of the ASEAN Taxonomy for Sustainable Finance (ASEAN Taxonomy).
CAREC countries endorse new vision to fight climate change together
02/12/2023 09:30
(CPV) - Member countries of the Central Asia Regional Economic Cooperation (CAREC) Program committed to work together to cut greenhouse gas emissions and build resilience to climate change on November 30th 2023.
Elevated US rates push up bond yields in emerging East Asia
28/11/2023 14:48
(CPV) - Financial conditions in emerging East Asia weakened in the third quarter of 2023 amid expectations of higher interest rates for a longer period in the United States (US). In response to the elevated US interest rates, government bond yields rose across most markets in the region, according to a new report by the Asian Development Bank (ADB).
Thailand wants to co-host volleyball women’s world champs 2025
25/11/2023 12:15
Thailand Volleyball Association (TVA) has an intention to invite regional countries, including Vietnam, to host the 20th edition of the FIVB Volleyball Women’s World Championship in 2025.
RoK seeks to strengthen investment in central localities
25/11/2023 12:00
The Consulate General of the Republic of Korea (RoK) in the central city of Da Nang on November 24 held a conference on the expansion of investment cooperation between the RoK and central localities of Vietnam.
ADB project to help strengthen climate resilience and livelihoods in China
25/11/2023 09:45
(CPV) - The Asian Development Bank (ADB) has approved a $200 million equivalent loan to strengthen the ecosystem, livelihoods, and climate resilience of the Dabie Mountain region in Huanggang Municipality, Hubei Province in the People’s Republic of China (PRC).
Thailand, China co-host 2023 Green Technology Expo
11/11/2023 12:30
Thailand and China are co-hosting the 2023 Green Technology Expo in Bangkok from November 9-12 to strengthen cooperation and showcase achievements in climate change response and carbon neutrality.
Second Global Media Congress to take place next week
11/11/2023 12:00
The second edition of the Global Media Congress will take place at the Abu Dhabi National Exhibition Centre (ADNEC), Abu Dhabi, from November 14-16.
ADB and GEF jointly announce Asia and the Pacific Natural Capital Fund
11/11/2023 10:45
(CPV) - The Asian Development Bank (ADB) and the Global Environment Facility (GEF) have announced the establishment of Natural Capital Fund (NCF), which is a concessional fund designed to support projects that enhance food security while also protecting and restoring natural capital in ADB’s developing member countries (DMCs). GEF is supporting the NCF with an investment of $15 million.
UNDP urges swift action and new directions to advance Asia-Pacific's human development
08/11/2023 09:00
(CPV) - The Asia-Pacific region is lurching towards an era of unmet aspirations, worsening inequalities, and a steady erosion of democratic spaces. Rising global tensions, new technologies, growing polarization, and existential threats linked to climate change threaten to disrupt improvements in well-being the region has seen in past decades, says a new report from the United Nations Development Programme.
International tourists to Cambodia shoot up 211%
04/11/2023 11:15
Cambodia welcomed 3.92 million international tourist arrivals during the first nine months of 2023, surging 211% year on year, the country’s Ministry of Tourism said on November 3.
Vietnam hosts ASEAN-RoK Strategic Forum
02/11/2023 09:53
The Vietnamese Ministry of Foreign Affairs in coordination with the Embassy of the Republic of Korea (RoK) organised the ASEAN-RoK Strategic Forum in Hanoi on November 1.
Vietnam calls for end to acts of violence, avoiding casualties for civilians in Gaza Strip
29/10/2023 10:01
Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the United Nations (UN), expressed great concern at the current escalating situation in the Middle East and extended his deep condolences to the families of victims of recent attacks while addressing the UN General Assembly’s 10th Emergency Special Session held in New York on October 26-27.
Skilled labor, finance, data support are key for micro, small, and medium-sized enterprise development in Samoa
28/10/2023 12:00
(CPV) - Micro, small, and medium-sized enterprises (MSMEs), which played a key role in promoting recovery in Samoa during and after the COVID-19 pandemic, need policy and data support to boost their role as drivers of growth, according to a report by the Asian Development Bank (ADB).
Sultan Ibrahim of Johor chosen to be next Malaysia’s King
28/10/2023 11:45
Malaysia's royalty on October 27 chose Sultan Ibrahim Sultan Iskandar from the southern state of Johor to be the country's next King.
ADB project to promote climate-resilient, inclusive public services in Shanxi, PRC
21/10/2023 11:15
(CPV) - The Asian Development Bank (ADB) has approved a $160 million equivalent loan to improve inclusive, green, and sustainable urban–rural public services in Shanxi Province, the People’s Republic of China (PRC).
Laos destroys tens of tonnes of drugs
14/10/2023 11:15
Lao cities and provinces recently destroyed tens of tonnes of drugs along with various related items that law enforcement agencies had previously seized, in response to the National Anti-Drug Day in the country (October 12).
ASEAN, China to join humanitarian, disaster relief exercises
14/10/2023 09:45
The Chinese army will send troops to Yogyakarta, Indonesia, to participate in the live exercises held by the Humanitarian Assistance and Disaster Relief (HADR) Experts' Working Group (EWG) of the (ADMM-Plus) from October 14 -21.
ADB supports energy security in Philippines through PPP advisory
12/10/2023 16:14
(CPV) - The Asian Development Bank (ADB) has been awarded a contract as transaction advisor to help the Philippines Power Sector Assets and Liabilities Management Corporation (PSALM) to monetize the Caliraya–Botocan–Kalayaan (CBK) hydroelectric power plant complex and enhance energy security in the country’s main island of Luzon.
$300 million ADB loan to boost Philippines’ financial inclusion goals
07/10/2023 12:15
(CPV) - The Asian Development Bank (ADB) has approved a $300 million policy-based loan to support the Philippine government in creating a stronger institutional and policy environment to help expand Filipinos’ access to financial services, particularly the vulnerable segment of the population, and to promote economic growth.
Belgian Chamber of Representatives passes resolution in aid of Vietnamese AO victims
07/10/2023 10:00
The Belgian Chamber of Representatives on October 5 evening (local time) passed a resolution in support of the Agent Orange (AO)/dioxin victims in Vietnam, with absolute approval votes.
ADB capital management reforms unlock $100 billion in new funding over next decade to support Asia and the Pacific
30/09/2023 10:07
(CPV) - The Asian Development Bank (ADB) approved capital management reforms on September 29th 2023 that unlock $100 billion in new funding capacity over the next decade to address the region’s overlapping, simultaneous crises. The expansion of available funds will be further leveraged through mobilizing private and domestic capital to move from the billions to trillions required to tackle the climate crisis.
Cambodian PM demands support for flood victims
30/09/2023 10:01
Prime Minister of Cambodia Samdech Thipadei Hun Manet on September 29 requested leaders of provinces pay attention to supporting flood-hit people as widespread heavy rains have triggered floods in many localities on recent days.