Closer cooperation among the Lancang-Mekong Cooperation (LMC) countries, which will hold their third leaders’ meeting via video link on Monday, can help address regional challenges timely and ef…
Investment
Japanese companies shift focus to ASEAN due to US-China rows
A rising number of Japanese companies are expanding business in Southeast Asia and scaling down operations in China due to escalating tensions between Beijing and Washington, according to the Japan Ex…
Malaysia Pushes Tech Hub to Help Economy Ride Out Pandemic
Malaysia’s technology cluster in Penang is helping drive an economic recovery that could see the country bounce back faster than any of its peers in Southeast Asia. The northern state drew 6.8 billion…
GE to provide advanced gas turbine technology for 718-MW gas power plant
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)…
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…