The Myanmar Investment Commission has approved more than US$500 million worth of foreign direct investments (FDI) from 11 businesses and K50 billion in local investments on April 3, a day after the to…
AIIB Asian Infrastructure Investment Bank : Approves USD404-M Loan to Improve Bangladesh Cross-Border Connectivity
The Asian Infrastructure Investment Bank (AIIB) has approved a USD404-million loan to improve Bangladesh’s intercity travel and cross-border connectivity. The upgrade of the country’s nati…
ADB warns global cost of virus could top $4 trillion
The coronavirus pandemic could cost the global economy $4.1 trillion as it ravages United States, Europe and other major economies, the Asian Development Bank warned on Friday. The estimated impact is…
Malaysia: MDEC bridge startups with global investors virtually
The Malaysia Digital Economy Corporation (MDEC) and KK Fund Pte Ltd announced a virtual investor-matching initiative for local startups that are seeking capital injection amid the current economic slo…
The European Union’s Green Wars
The EU is becoming the trendsetter for the global environmental agenda. It sees itself not only as a competitive economy but also as the leader of the green revolution. During the UN Climate Change Co…
China faces Belt and Road course correction after coronavirus
The new coronavirus is straining economies to the breaking point, but China says its Belt and Road Initiative will proceed intact. Analysts are not so sure. Some think a weakened China will have littl…
How a gulf prince charmed Indonesia’s Jokowi and poured money into the country
During a visit last summer where he strolled through the tropical gardens next to Indonesia’s summer Presidential Palace, Abu Dhabi’s crown prince offered to build a grand mosque for his host, Joko “J…
Covid-19 to shrink global natural rubber demand by 8.2%, drag Indian price below Rs 100: Experts
“Increasing worries about the global economic tsunami are expected to dominate the sentiments in NR markets during April,” said RB Premadasa, secretary general, ANRPC,in his foreword to the March-2020…
Malaysia: Synthetic palm oil lacks nutritional value of natural palm oil, says MPOB
Synthetic palm oil lacks originality as it does not contain Vitamin A and E compared with natural palm oil, which is rich with these nutritional values, the Malaysian Palm Oil Board (MPOB) said in a s…
The Philippines’ big-ticket plan for growth
The 2020 budget has reaffirmed the Philippines’ commitment to infrastructure development as a major economic growth driver. The 4.1 trillion pesos (US$80.3 billion) budget, which was approved in Janua…