Southeast Asian countries engaged in talks on a major China-backed trade pact expect to finalise it this year, the finance minister of Thailand, which is the current chair of the 10-nation ASEAN group…
Investment
Adani Ports to invest in Philippines, eyes Bataan for port development
India’s largest port operator Adani Ports and Special Economic Zone Limited (APSEZ) is looking to expand its operations into the Philippines, with plans to invest in port development, according …
Malaysia to witness $10bn investment from ACWA Power in renewable energy sector: prime minister
Saudi utility firm ACWA Power has expressed interest in investing $10 billion in Malaysia over the next 10 years to develop renewable energy projects. According to a report by the Malaysian National N…
Microsoft to invest $2.2 bln in cloud and AI services in Malaysia
Microsoft (MSFT.O) said on Thursday it will invest $2.2 billion over the next four years in Malaysia to expand cloud and artificial intelligence (AI) services in the company’s latest push to pro…
Asean overtakes China for manufacturing FDI
Manufacturing investment in the Association of South-East Asian Nations (Asean) is booming. Asean has become a key target region for multinationals and vitally important in an era of global power comp…
Asean+3 seen providing 45% of global growth till 2030
The Association of Southeast Asian Nations Plus three (Asean+3) Finance Ministers and Central Bank Governors expect the region to contribute nearly half of global growth until 2030. The Asean+3 Financ…
Vietnam’s FPT to invest $200 million in AI factory using Nvidia chips
Vietnam’s top tech firm FPT plans to build a $200 million artificial intelligence (AI) factory using Nvidia’s graphics chips and software, the two firms said on Tuesday. FPT plans to use N…
Nepal deserves global attention as a promising investment destination
Yingming Yang is the vice-president of the Asian Development Bank’s South, Central and West Asia regions. He joined ADB in January 2024. Yang is responsible for operations in the bank’s South Asia and…
Asean overtakes China for manufacturing FDI
Manufacturing investment in the Association of South-East Asian Nations (Asean) is booming. Asean has become a key target region for multinationals and vitally important in an era of global power comp…
Why India’s Global South ambitions must turn to Southeast Asia
India was ranked ninth out of the most relevant dialogue partners for ASEAN in the latest edition of the ISEAS-Yusof Ishak Institute State of Southeast Asia survey report, released this month. This re…