ASEAN is powering the global growth of Islamic banking, thanks to world-leading innovation and strong demand. The success of Islamic banking will help fuel the region’s economic development and enhanc…
Economy
Why Southeast Asia Has Reason to Be Optimistic About 2022
Last year, Southeast Asia’s low vaccination rates and strict lockdowns reverberated across the world, mostly in the form of supply shortages. The region is a key manufacturing center for electronics a…
Philippines launches sustainable finance roadmap
The Philippine government Wednesday launched its sustainable finance roadmap to address the country’s policy and regulatory gaps in promoting sustainable investments. According to one of the plans und…
UOB buys four Citibank retail arms
Good asset quality and strong competition in the Thai consumer banking sector are the main reasons United Overseas Bank (UOB) is buying Citibank’s retail arms in four Asean markets, says an exec…
UN projects robust growth for Bangladesh despite global slump
The United Nations has projected a continued momentum in Bangladesh’s economic growth despite a downward projection for the global economy. Bangladesh’s economy is projected to see a 5.8% …
India to top up $ 900 million aid for Sri Lanka with $1.5 billion bail-out package
External Affairs Minister S Jaishankar on Saturday held talks with Sri Lankan Finance Minister Basil Rajapaksa and discussed joint projects and investments by Indian companies that would strengthen th…
Vietnam gives green light to US$15 billion stimulus plan for economic recovery
The parliament of Vietnam has approved a stimulus package worth 347 trillion VND (US$ 15.3 billion) for those severely affected by the Covid-19 pandemic, especially businesses as well as expanding inf…
Bangladesh’s biggest international trade fair kicks off at Chinese-built venue
The 26th edition of the Dhaka International Trade Fair (DITF), the largest annual commercial and trade event in Bangladesh, kicked off on Saturday at a mega Chinese-built new venue. The trade fair, wh…
Asean Today – Dec 2021
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World’s largest free trade deal takes effect on first day of 2022
The Regional Comprehensive Economic Partnership (RCEP) agreement, the world’s largest free trade agreement, entered into force on Saturday, injecting vitality into multilateralism and free trade…