Leaders from the Asia-Pacific Economic Cooperation forum, including US President Donald Trump, pledged Friday to work toward free, open and nondiscriminatory trade and investment to revive their coron…
Investment
How Bangladesh can benefit from China’s economic recovery
As the nation holds its breath in anticipation of a potential second wave of Covid-19, five countries including Bangladesh have decided to strengthen sharing of information and coordination of policie…
Asian Development Bank approves $150m loan to upgrade two international airports in Nepal
The Asian Development Bank has approved a $150 million concessional loan to improve the capacity of Tribhuvan International Airport and Gautam Buddha Airport in Nepal. This will be the largest funding…
Pandemic no setback for Bangladesh’s soaring ship industry
Work is booming at Bangladesh’s largest shipyard — quite literally. It’s difficult to hear anything over the cacophony of banging hammers and crackling sparks, proof the industry has…
China, 14 other countries sign deal to form world’s largest trade bloc
China and 14 other countries agreed Sunday to set up the world’s largest trading bloc, encompassing nearly a third of all economic activity, in a deal many in Asia are hoping will help hasten a recove…
Malaysia welcomes RCEP signing, a game changer to investment flow
Malaysia welcomes the signing of the Regional Comprehensive Strategic Partnership (RCEP) which is scheduled to be held on the last day of the 37th Asean Summit that kicked off today. In his interventi…
Laos to improve business climate to attract more investors
The Lao government has pledged to remove barriers and further improve the business climate in a bid to attract more investment from Laos and foreign countries. The government intended to address econo…
ADB leads $186 million financing for the largest solar plant in Vietnam
The Asian Development Bank (ADB) will part finance the development of a $186 million, 257 megawatt (MW) solar plant in Vietnam through the country’s first certified green loan. This project is l…
Philippines to allow foreign investors to enter country
The Philippines’ coronavirus task force has approved the entry of foreign investors to the Southeast Asian nation starting from Nov. 1, the presidential spokesman said on Friday. Foreigners with inves…
The Australians betting on the Myanmar economy
In 2015, Australian Brad Jones was in Singapore, wondering if someone was pulling his leg about a CEO job on offer in Myanmar. It was a fair question. The country was just beginning to emerge from dec…