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Economy
APAC economies to bounce back in 3Q
ECONOMIC recovery is beginning for most of the Asia-Pacific (APAC) region and growth rates will accelerate in 2021, Moody’s Analytics chief APAC economist Steve Cochrane said. “All countries within th…
China-Asean digital economy cooperation a thriving success
Durian sales on e-commerce platforms are one of the successful stories under the booming digital economy cooperation between China and the Association of Southeast Asian Nations (Asean). In many Asean…
Bangladesh: Deep seaport to help boost country’s economy
Work on construction of the deep seaport at Matarbari in Cox’s Bazar is progressing at a snail’s pace. The outbreak of the coronavirus pandemic is responsible for such slow growth of construction of t…
Asean project to help small businesses hit by pandemic
Asean Business Advisory Council (BAC) Philippines chair Joey Concepcion promises a faster, easier and cheaper access to mentorship as part of efforts to support micro, small and medium entrepreneurs (…
ADB invests $10 million in equity fund for mid-size Philippines firms
The Asian Development Bank (ADB) has signed agreements for a $10 million equity investment in Navegar II L.P., a private equity fund that primarily invests in mid-sized Philippine firms. The Manila-ba…
Coronavirus: What China got right in preventing a second wave
When there was a sudden outbreak of coronavirus infections at a wholesale market in Beijing last month, there were fears that China was about to face a second wave of the pandemic after having success…
Philippines to open geothermal energy development to 100% foreign ownership
Under current law, foreign entities cannot own a majority stake in renewable energy development in the Philippines, but this is about to change, as reported by the Manila Bulletin. The Philippine gove…
Netherlands to assist Bangladesh in circular economy
As one of Bangladeshs major development partners, the Netherlands will assist the South Asian country in adapting to circular economy in the changed development scene. King Willem-Alexander of the Net…
AIIB to Loan Vietnamese SMEs $100m as COVID-19 Hit Economic Growth Forecast to Shrink to 2.7 Percent
The non-sovereign loan would be co-financed with the International Finance Corporation, with the capital aiming to boost the Asian nation’s economic recovery amid the ongoing coronavirus pandemi…