The World Bank Group is launching a new program to fast-track the adoption of offshore wind energy in developing countries, the group announced on March 6. The World Bank and IFC will help emerging ma…
Belt and Road reaches Nepal’s wild north, winning China influence
Some 140 km to the north of Nepal’s capital Kathmandu, China’s “Belt and Road” infrastructure plan is in full swing. “On the Chinese side, the road is so smooth that it l…
UOB to partner with Avatec to offer financing for ASEAN SMEs
On April 15, 2018, China’s Pintec Technology and United Overseas Bank (UOB) of Singapore launched Avatec.ai – a joint venture said to “help banks and finance companies to be more efficient and more ac…
Philippines pursues stronger trade, investment ties with Malaysia
The Philippines wants to expand trade and investment ties with Malaysia by taking advantage of opportunities available in agriculture, manufacturing, technology and innovation, halal and infrastructur…
Malaysia says EU palm oil curbs lack scientific proof, breach WTO rules
A European Union proposal to limit the use of palm oil lacks comprehensive scientific evidence and breaches global trade rules, Malaysia’s marketing agency for the edible oil said on Friday. Mal…
Myanmar’s second largest city to hold int’l trade fair, business forum
Myanmar’s second largest city of Mandalay in the central part will hold an international trade fair and business forum on March 23 to attract foreign entrepreneurs to invest and do business in t…
World Bank Helps Bangladesh Improve Services and Infrastructure for Rohingyas
The World Bank approved a $165 million grant to help Bangladesh provide basic services and build disaster and social resilience for the Rohingya who have fled violence in Myanmar and sought shelter in…
Malaysia in last ditch effort to avert EU palm oil curbs
Malaysia will present legal and technical arguments this week against an EU plan to limit the use of palm oil, the head of the country’s marketing agency said on Tuesday, opposing a move that could le…
Sri Lanka: ADB boosts over 1,700 micro and SMEs with $125m worth lending
ADB commends SL banks for achieving MSME lending targets NPLs under the credit lines are below industry average as banks performing well, ADB believes banks can continue to lend to MSMEs in future via…
Myanmar suggests tax exemption to firms investing in new Yangon project
This aims to attract more investors to the city expansion project being implemented on lands to the west of Yangon river, according to the Myanmar Investment Commission. Businesses investing in Zone-1…