Oil prices dipped again on Monday as rising coronavirus cases upset hopes for a smooth recovery in fuel demand, with crude on track for its first monthly fall in many months after slipping last week. …
Economy
China’s post-pandemic recovery has severe regional imbalances – survey
While China’s coastal provinces and major cities are recovering from the coronavirus pandemic, firms in its poorer western and central provinces are falling well behind in metrics like output an…
Trump and new Japan PM Suga discuss ‘free and open Indo-Pacific’: US
US President Donald Trump on Sunday spoke to Japan’s new prime minister, Yoshihide Suga, to congratulate him on taking office and to discuss a “free and open Indo-Pacific” region, which is increasingl…
Asia poised for recovery from recession in near term
Finance ministers and central bank governors of Asean-member countries, China, Japan and South Korea expect recovery from the pandemic-induced global recession in the near term even as they remain on …
World Bank approves $200m support to strengthen Nepal’s financial sector
The World Bank has approved a $200 million ‘Finance for Growth’ development policy credit to strengthen financial sector stability, diversify financial solutions, and increase access to financial serv…
Post-pandemic investment climate appears promising
How will foreign direct investment (FDI) levels for 2020 play out globally in the wake of the coronavirus pandemic? It is a question being asked by government officials, policymakers, business leaders…
Vietnam’s economy remains resilient despite COVID-19 challenges: ADB
Vietnam’s economy is expected to grow by 1.8% in 2020 amid the coronavirus pandemic and bounce back to 6.3% in 2021, according to a new Asian Development Bank (ADB) report released on September 15. Lo…
Tap on Blue Economy Potential – Mitigating Threats and Capitalising Opportunities
Monday, June 8 is World Ocean Day. The day reminds us of the importance of the oceans to the world. The obvious ones include the oceans’ role in maritime transportation, undeniably the most efficient …
Digital resiliency is ‘new normal’ for ASEAN countries- international survey says
The prolonged pandemic puts the resilience of nations and cities around the world, including the Association of Southeast Asian Nations (ASEAN), to the test. In these unprecedented times, governments …
Driving Indo-Pacific in an Uncertain World
Indo-Pacific is in the limelight for quite some time now. It is a multipolar region, contributing more than half of the world’s GDP and population. Indo-Pacific is the lifeline of the entire world; wo…