The US economy grew by 33.1 per cent in the third-quarter of this year, indicating a revival of the economy from affects of the coronavirus pandemic. President Donald Trump, who is seeking re-election…
US boosts energy infrastructure push in Vietnam with raft of LNG-to-power deals
US companies signed several agreements with Vietnamese partners to develop LNG-to-power projects in the Southeast Asian country, as part of Washington’s strategy to bolster regional ties and pav…
World Bank approves $80 Million project to boost Nepal’s agriculture
The World Bank has approved a project worth US dollars 80 million (equivalent to Rs 9.44 billion) today to bolster Nepal’s agriculture sector by strengthening rural market linkages and promoting entre…
$484 Million ADB Loan to Fund New GMS Expressway in Myanmar
The Asian Development Bank (ADB) has approved a $483.8 million loan to build a 64-kilometer (km) expressway connecting the capital of Bago region and the township of Kyaikto in Mon state in Myanmar an…
Singapore to import electricity from Malaysia for a two year trial
Singapore plans to import 100 megawatts (MW) of electricity from Malaysia for a two year trial starting next year to diversify the country’s energy supply. The plan “will allow the region to share the…
ASEAN countries to be the next most demanding dairy consumers
Global research undertaken by agribusiness specialist Rabobank predicts Australia’s closest and most populated neighbours are going to be this decade’s hungriest consumers of milk. According to Raboba…
ADB leads $186 million financing for the largest solar plant in Vietnam
The Asian Development Bank (ADB) will part finance the development of a $186 million, 257 megawatt (MW) solar plant in Vietnam through the country’s first certified green loan. This project is l…
Philippines to allow foreign investors to enter country
The Philippines’ coronavirus task force has approved the entry of foreign investors to the Southeast Asian nation starting from Nov. 1, the presidential spokesman said on Friday. Foreigners with inves…
The Australians betting on the Myanmar economy
In 2015, Australian Brad Jones was in Singapore, wondering if someone was pulling his leg about a CEO job on offer in Myanmar. It was a fair question. The country was just beginning to emerge from dec…
Why is Bangladesh’s GDP growing despite Covid-19, while other economies are contracting?
Bangladesh — the overcrowded, overpopulated flood-prone state that, founded in 1971, is barely older than the internet — is now one of the richest countries in South Asia. The region was rocked by thi…