The government has prepared the ‘Nepal tourism decade (2023-2032) strategic action plan’ as part of the revival of the tourism sector. The action plan has set a target to bring in 3.5 million foreign …
Philippines inks $3B loan agreement with South Korea for infrastructure projects
The Philippines has signed an agreement with the Republic of Korea that allows Manila to borrow up to $3 billion from 2022 to 2026 for infrastructure and road projects. According to the Department of …
India to build first rail link to Bhutan
INDIAN Railways (IR) plans to start construction next year on a 57km broad-gauge line connecting Kokrajhar in India to Gelephu in Bhutan. The cost of the project is estimated at Rs 10bn ($US 129.9m). …
Top 10 Sustainability Case Studies and Success Stories in 2023
Environmental and social practices have a significant impact on the long-term success of businesses. Some businesses outperform others in this area, giving them a competitive advantage. We will presen…
Vietnam’s ‘Mini-China’ Days Are Numbered. It’s A Good Thing
Like clockwork, a place many like to think of as a “mini-China” stumbles spectacularly. One reason: investor sentiment on Vietnam tends to swing wildly from super bullish to super panicky about overhe…
Asia-Potash International Investment, Huawei, Build Southeast Asia’s First Smart Potash Mine in Laos
On December 15, a miner at a potash mine in Laos made a video call on a wireless network from 300 meters underground using his smartphone. The milestone, a first for Southeast Asia, took place at the …
Mistry Predicts a Jump in Palm Oil on Indonesian Biofuel Mandate
Indonesia’s mandate to use more palm oil for producing biofuels and lower reserves in Malaysia will continue to support the tropical oil in the coming months, according to veteran trader Dorab Mistry.…
Malaysia attracts nearly 44 billion USD in investment in first nine months of 2022
Malaysia has attracted a total 193.7 RM (nearly 44 billion USD) worth of approved investment from January to September this year, up a 2.5% increase compared to the same period last year, according to…
G7 nations to provide Vietnam with $15.5 bln to cut coal use
The Group of Seven (G7) industrialised nations will provide $15.5 billion to help Vietnam transition away from coal, the British foreign office said on Wednesday. The deal, previously reported by Reut…
ADB signs €10.8 mn facility agreement with a Bangladeshi firm
The Asian Development Bank (ADB) has signed a €10.8 million ($11.2 million) facility agreement with Bangladeshi manufacturer of fashion denim Envoy Textiles Limited to support and finance the purchase…