Despite the surge in COVID-19 in Myanmar, Chinese companies including state-owned energy giants are seeking opportunities to invest in the Dawei Special Economic Zone (SEZ), a US$8-billion (10.4-trill…
Investment
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…
Southeast Asia’s wind power in need of investment
Southeast Asia’s wind power sector requires at least US$14 billion of investments by 2030, says Wood Mackenzie. This is to support the 8.9 GW of new wind power capacity that Wood Mackenzie expects to …
Myanmar digital payments platform NearMe plans expansion after 7-figure funding
After raising seven figures in funding, one of Myanmar’s most promising digital payment platforms says it has set its sights on becoming the most widely-used tool for digital transactions in the count…
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…
Development of Malaysian business district with Chinese investment kicks off
The development of a major Malaysian business district by a consortium which includes a major Chinese company took off following a deposit and advance payment ceremony on Tuesday. During a cheque pres…
Sri Lanka to set up pharmaceutical investment zone in Hambantota
Sri Lanka will set up a pharmaceuticals investment zone in Hambantota, under a government plan to produce 50 percent of drug requirements in the country and start exports, the President’s office said.…
Vietnam eyes 2.5 pct GDP growth despite pandemic
Vietnam targets GDP growth of 2-2.5 percent this year by mitigating the effects of the Covid-19 pandemic on major sectors. Minister of Planning and Investment Nguyen Chi Dung announced the target at a…