The Asian Development Bank’s (ADB) annual flagship economic publication, the Asian Development Outlook (ADO) April 2023, forecasts Sri Lanka’s economy to contract further in 2023 before it begins a gr…
Economy
Malaysia secures record of Chinese investment commitment
Malaysian Prime Minister Anwar Ibrahim has announced that the country has secured a record of 170 billion RM (38.53 billion USD) worth of investment commitments from China. During his visit to China f…
Malaysia, China ink partnership to stabilise palm oil supply chain
MALAYSIA said on Sunday (Apr 2) that it has signed a memorandum of understanding with a China government-backed trade association to enhance palm oil trade and cooperation. The Malaysian Palm Oil Boar…
Vietnam invests in new rail line to connect with China-Laos railway
Vietnamese infrastructure investor DEOCA Group and Laos oil trading company PTL have signed a joint venture agreement to conduct a study on constructing a railway between Vietnam-Laos. The main target…
The Tourism Recovery in South East Asia: Twelve Months On
Endemic is not a word you tend to hear today. Rewind twelve months, and it was hard to avoid throughout South East Asia. Politicians talked frequently about “a transition to endemic.” With target vacc…
India emerging as ‘global keeper of rule-based order’
India emerging as ‘global keeper of rule-based order’ In the past few years, India has ticked all the right boxes diplomatically, economically, or militarily, redefining its image as ‘a keeper of rule…
IMF is bullish Sri Lanka’s crisis-stricken economy will recover as country gets bailout
The International Monetary Fund has finally approved a $3 billion bailout for Sri Lanka, paving the way for the country to restructure its debt and for the economy to improve in 2024. The South Asian …
ASEAN Finance Ministers and Central Banks Consider Dropping US Dollar, Euro and Yen, Indonesia Calls for Phasing Out Visa and Mastercard
An official meeting of all ASEAN Finance Ministers and Central Bank Governors kicked off on Tuesday (March 28) in Indonesia. Top of the agenda are discussions to reduce dependence on the US Dollar, Eu…
Evolution in global value chains key to a green and resilient ASEAN
ASEAN has again proven itself to be among the world’s most resilient economic groupings. Relying on strong exports, sound macroeconomic policies and effective buffers, the economies of ASEAN recovered…
Southeast Asia largest wind power plant to be constructed in Laos
The largest wind power plant in Southeast Asia, “the Monsoon Wind Project” will be constructed in Laos, stated the Asian Development Bank (ADB). According to Xinhua News, the wind power plant will be …