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…
Investment
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…
Thailand, Cambodia, Laos, Malaysia, Myanmar, Vietnam Want Asian ‘Schengen Zone’
Thailand is apparently contemplating suggesting the establishment of a Schengen-like area in Southeast Asia with the aim of enticing a greater number of affluent tourists to the region. Unlike the Eur…
Cambodia’s Economic Growth to Accelerate in 2024, Fueled by Manufacturing and Tourism
Cambodia’s economy is forecast to grow at 5.8% in 2024 and 6.0% in 2025, fueled by a further rebound in tourism and strong manufacturing prospects, according to the latest edition of the Asian Develop…
Green Hydrogen Production: The Turning Point of the Nepalese Economy
With the global population on the rise, there is a significant increase in the demand for energy, creating a complex challenge that requires a comprehensive solution. Meeting the energy requirements o…
Russia affirms commitment to Asean, offers its expertise on food security
Russia has reaffirmed its steadfast commitment to fostering robust relations with the Association of South-East Asian Nations (Asean), marking it as a top priority in its updated Foreign Policy Concep…
Observers: US Investments in Philippines Seen Easing Reliance on China
During a trade mission visit to Manila this week, U.S. Commerce Secretary Gina Raimondo announced plans to invest more than $1 billion in the Philippines’ tech sector and help double the number of sem…