Asserting that India stood shoulder to shoulder with the people of debtridden Sri Lanka in this hour of crisis, Modi said Friday that India would strengthen maritime, air, energy and people-to-people …
Economy
How the Malaysian state of Selangor is helping to build Asean into a global economic powerhouse
The Malaysian state of Selangor is positioning itself to be the gateway to business in Southeast Asia, as the region aims to become the fourth-largest economy by 2030. The Association of Southeast Asi…
How will Vietnam benefit from US recognition of market economy status?
The United States Department of Commerce heard a testimony on May 8 to consider recognising the country’s market economy status. During the hearing, the Vietnamese side gave data confirming that its e…
Microsoft bets $2.2bn on Malaysia hub for cloud, AI
Tech giant Microsoft has unveiled plans to invest $2.2bn in cloud infrastructure in Malaysia that will help accelerate the nation’s AI transformation over the next four years and better position the a…
Public-private collaboration ‘critical’ for digital economy growth: ASEAN
ASEAN’s digital economy is expected to grow to US$1 trillion by 2030, but roadblocks such as the digital divide between and within countries remain, said Nararya S Soeprapto, Deputy Secretary-Ge…
China-backed trade pact to be finalised this year, Southeast Asian official says
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…
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…