The World Bank revised up its forecasts for Sri Lanka’s economy on Tuesday, noting the crisis-hit nation had made strides in reducing inflation and had benefited from tourism revenue as well as …
Economy
Southeast Asia’s Tech Boom: A Gateway for Baltic Investors
The e-Conomy report compiled by Google, Temasek, and Bain & Company stated that Southeast Asia’s digital economy is forecasted to reach a gross merchandise value (GMV) of US$330 billion in 2025, …
Sri Lanka’s wait for 2nd tranche of IMF’s bailout gets longer
The International Monetary Fund (IMF) said on Wednesday that discussions will continue to secure a staff-level agreement as Sri Lanka was unlikely to meet revenue targets after a $3 billion bailout pa…
Australia Unveils Southeast Asia Economic Strategy to 2040
On September 6, 2023, Australia’s government announced its ‘Southeast Asia Economic Strategy to 2040’ with the aim to deepen the country’s economic and trade engagements with the region. By 2040, Sout…
US to increase development investment in Lanka by $19.2 Mn through USAID
The United States on Wednesday announced the commitment of more than US $19 million in additional funds to further the development of Sri Lanka, in a ceremony at the Ministry of Finance in Colombo. Th…
Digitalization key to more inclusive Asean – Concepcion
DIGITALIZATION and mentorship network are the key to more inclusive countries in Southeast Asia, Asean Business Advisory Council of the Philippines Chairman Jose Maria “Joey” Concepcion 3r…
Biden says stronger U.S. ties with Vietnam is about providing global stability, not containing China
President Joe Biden insisted Sunday that he is not trying to start a “cold war” with China as he made his first visit to Vietnam, saying his goal is to provide stability around the world by building U…
China to boost economic cooperation with ASEAN through high-level opening up
High-level opening up is bringing new opportunities for economic cooperation between China and the Association of Southeast Asian Nations, and China will forge ahead with institutional opening up to c…
PM Modi proposes economic corridor between Asean & Europe through India
Prime Minister Narendra Modi on Thursday proposed a multi-modal connectivity and economic corridor linking South-East Asia to Europe through India and West Asia, and closer digital ties at the 20th In…