The Malaysia Digital Economy Corporation (MDEC) and KK Fund Pte Ltd announced a virtual investor-matching initiative for local startups that are seeking capital injection amid the current economic slo…
Investment
China faces Belt and Road course correction after coronavirus
The new coronavirus is straining economies to the breaking point, but China says its Belt and Road Initiative will proceed intact. Analysts are not so sure. Some think a weakened China will have littl…
How a gulf prince charmed Indonesia’s Jokowi and poured money into the country
During a visit last summer where he strolled through the tropical gardens next to Indonesia’s summer Presidential Palace, Abu Dhabi’s crown prince offered to build a grand mosque for his host, Joko “J…
The Philippines’ big-ticket plan for growth
The 2020 budget has reaffirmed the Philippines’ commitment to infrastructure development as a major economic growth driver. The 4.1 trillion pesos (US$80.3 billion) budget, which was approved in Janua…
Russia And Bangladesh Expand Nuclear Cooperation
A number of documents have been signed between Russian state nuclear corporation Rosatom and the government of Bangladesh that will enhance existing bilateral cooperation in the use of atomic energy f…
Nepal government sets roadmap to improve investment climate reforms
Nepal was ranked 94 out of 190 economies on the Doing Business 2020 ranking marking a significant shift for the country into the top 100 economies on the ease of doing business. As a part of the gover…
Myanmar Launches Online “Project Bank” for Development Projects
The Myanmar government has launched a centralized, publicly-accessible online platform to provide information on major investment projects that fall under the country’s sustainable development plan. T…
Malaysia revamps auto policy with third national car in mind
Malaysia unveiled on Friday a much-delayed automotive policy, hoping to stay ahead of Thailand and Indonesia by shifting the focus from energy-efficient cars to next-generation vehicles production for…
ADB registered record disbursement for Nepal in 2019
The Asian Development Bank (ADB) has said it achieved a record disbursement of $323.7 million for various development projects in Nepal in 2019. Some of the projects contributing to last year’s record…
ADB, European Union, and ASEAN Countries Partner to Boost Green Infrastructure
The European Union (EU) announced today it is preparing to support the Association of Southeast Asian Nations’ (ASEAN) Catalytic Green Finance Facility (ACGF) with €50 million ($54.9 million) to help …