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…
Economy
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 …
AWS to pump $6bn into Malaysia cloud by 2037
Amazon Web Services (AWS) will invest US$6 billion in Malaysia over the next 14 years to boost cloud services across the country. AWS is committed to Southeast Asia, and this move is the latest as it …
Southeast Asian Economies Expected To Grow
As China’s economy cools, countries belonging to the Association of Southeast Asian Nations (ASEAN) are expected to rise in economic prominence, reported the IMF. After all, with a collective populati…
PM says Sri Lanka’s economy will be opened again to the international community with IMF facility
The Prime Minister Dinesh Gunawardena said that with the approval granted by the International Monetary Fund for the agreement by next week, the doors of our economy will be opened again to the intern…
Vietnam attracts foreign investment to build sustainable future
A recent article published on the UK site internationalbanker.com has assessed Vietnam’s efforts to lure foreign trade and investment serving the building of a sustainable future. The article said Vie…
IMF to approve $2.9 bn bailout package for Sri Lanka: Central bank governor
Sri Lankan central bank governor Nandalal Weerasinghe told media on Sunday that the country’s “dollar crisis” is over, as the IMF is set to approve a $2.9 billion bailout package for…