GE (NYSE: GE) has announced that it will be providing its advanced gas turbine technology upgrade Advanced Gas Path (AGP) for the upcoming Reliance Bangladesh LNG & Power Ltd.’s 718-megawatt (MW)…
Investment
China-Asean digital economy cooperation a thriving success
Durian sales on e-commerce platforms are one of the successful stories under the booming digital economy cooperation between China and the Association of Southeast Asian Nations (Asean). In many Asean…
Bangladesh: Deep seaport to help boost country’s economy
Work on construction of the deep seaport at Matarbari in Cox’s Bazar is progressing at a snail’s pace. The outbreak of the coronavirus pandemic is responsible for such slow growth of construction of t…
Asean project to help small businesses hit by pandemic
Asean Business Advisory Council (BAC) Philippines chair Joey Concepcion promises a faster, easier and cheaper access to mentorship as part of efforts to support micro, small and medium entrepreneurs (…
ADB invests $10 million in equity fund for mid-size Philippines firms
The Asian Development Bank (ADB) has signed agreements for a $10 million equity investment in Navegar II L.P., a private equity fund that primarily invests in mid-sized Philippine firms. The Manila-ba…
Rooftop solar power, an idea whose time has come in Vietnam
An increasing number of companies are installing rooftop solar systems at their factories to save power costs. Industrial land developer Sonadezi Corporation recently announced it would begin installi…
Philippines to open geothermal energy development to 100% foreign ownership
Under current law, foreign entities cannot own a majority stake in renewable energy development in the Philippines, but this is about to change, as reported by the Manila Bulletin. The Philippine gove…
Netherlands to assist Bangladesh in circular economy
As one of Bangladeshs major development partners, the Netherlands will assist the South Asian country in adapting to circular economy in the changed development scene. King Willem-Alexander of the Net…
AIIB to Loan Vietnamese SMEs $100m as COVID-19 Hit Economic Growth Forecast to Shrink to 2.7 Percent
The non-sovereign loan would be co-financed with the International Finance Corporation, with the capital aiming to boost the Asian nation’s economic recovery amid the ongoing coronavirus pandemi…
Spotlight: Malaysia manufacturing sectors eyes RCEP to boost post-pandemic regional economic recovery
The Regional Comprehensive Economic Partnership (RCEP) trade pact, once in effect, will provide a much-needed boost to participating countries working to reverse the current economic downturn caused b…