Southeast Asian countries engaged in talks on a major China-backed trade pact expect to finalise it this year, the finance minister of Thailand, which is the current chair of the 10-nation ASEAN group…
Economy
Adani Ports to invest in Philippines, eyes Bataan for port development
India’s largest port operator Adani Ports and Special Economic Zone Limited (APSEZ) is looking to expand its operations into the Philippines, with plans to invest in port development, according …
Asean overtakes China for manufacturing FDI
Manufacturing investment in the Association of South-East Asian Nations (Asean) is booming. Asean has become a key target region for multinationals and vitally important in an era of global power comp…
Asean+3 seen providing 45% of global growth till 2030
The Association of Southeast Asian Nations Plus three (Asean+3) Finance Ministers and Central Bank Governors expect the region to contribute nearly half of global growth until 2030. The Asean+3 Financ…
Nepal deserves global attention as a promising investment destination
Yingming Yang is the vice-president of the Asian Development Bank’s South, Central and West Asia regions. He joined ADB in January 2024. Yang is responsible for operations in the bank’s South Asia and…
Asean overtakes China for manufacturing FDI
Manufacturing investment in the Association of South-East Asian Nations (Asean) is booming. Asean has become a key target region for multinationals and vitally important in an era of global power comp…
Why India’s Global South ambitions must turn to Southeast Asia
India was ranked ninth out of the most relevant dialogue partners for ASEAN in the latest edition of the ISEAS-Yusof Ishak Institute State of Southeast Asia survey report, released this month. This re…
Thailand, Cambodia, Laos, Malaysia, Myanmar, Vietnam Want Asian ‘Schengen Zone’
Thailand is apparently contemplating suggesting the establishment of a Schengen-like area in Southeast Asia with the aim of enticing a greater number of affluent tourists to the region. Unlike the Eur…
Cambodia’s Economic Growth to Accelerate in 2024, Fueled by Manufacturing and Tourism
Cambodia’s economy is forecast to grow at 5.8% in 2024 and 6.0% in 2025, fueled by a further rebound in tourism and strong manufacturing prospects, according to the latest edition of the Asian Develop…
This cab startup helped 100,000 drivers survive Sri Lanka’s economic crisis
It was early 2023 when Jayarathne realized that his grocery shop in Galle, a windswept beach town about two hours south of Colombo, was not profitable. As the sole breadwinner in his family, with two …