Tags Posts tagged with "Asian Development Bank"

Asian Development Bank

Cambodia’s economic growth to reach 7.3% this year

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Cambodia’s economy is expected to grow by 7.3 per cent this year, spurred by the robust performance of garment exports, tourism and construction, deputy...
Cambodia restores  rail connection to Thailand after 45 years

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Cambodia on July 4 reopened the final stretch of a railway running from the capital Phnom Penh to the border with neighbouring Thailand in...
Vietnam posts strong GDP growth, boosts investment abroad

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Vietnam's economy continues to show strength with an impressive 7.08 per cent growth in the first half of 2018, the highest rate since 2011....
Laos received close to $4 billion in foreign investment this year

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Lao Prime Minister Thongloun Sisoulith recently told the ongoing National Assembly meeting that there has been good progress in investments in Laos, with 4,118...
Vietnam’s fintech market to reach $7.8 billion in value by 2020

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As financial technology startups, or fintechs, keep disrupting Vietnam’s financial services industry, their market value is expected to reach $7.8 billion in just two...
Laos pushes e-commerce initiative, seeks to reduce Internet costs

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The Lao Ministry of Post and Telecommunications has named the development of e-commerce as one of its core strategic goals over the next ten...
Despite slowdown, Philippines to lead GDP growth in SE Asia this year

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Citigroup in a new country study said it expects the Philippines to enjoy the fastest economic growth in Southeast Asia and the third-fastest growth...
Huge city development kicked off in Yangon

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A $700-million urban development project saw its groundbreaking ceremony in Yangon downtown on February 17: The "Yoma Central" complex, the country's largest real estate...
ADB to pump $1 billion in development loans into Cambodia

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The Asian Development Bank (ADB) has offered Cambodia development loans of more than $1 billion in the coming four years as the Manila-based financial...
Indonesia growth prospects revised by ADB

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The Asian Development Bank (ADB) in an update of its Asian Development Outlook 2016 revised down its forecast for Indonesia’s economic growth this year...
It’s more fun to invest in the Philippines

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There could be no better proof that the Philippines has emerged as one of the most popular investment destinations in Southeast Asia than the...
Vietnam set to grow 6.7% this year, but reforms crucial

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The Asian Development Bank (ADB) forecasts healthy GDP growth for Vietnam this year, although challenges persist. The country is projected to sustain 6.7 per...
IMF recommends raising VAT in Thailand to 10%

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The International Monetary Fund (IMF) in its economic report on Thailand released on March 28 recommends that the country's government raises value-added tax (VAT)...
Passenger trains revived in Cambodia after 14-year-hiatus

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Scheduled passenger train services between Phnom Penh and Sihanoukville will resume on April 9 after having been suspended for 14 years, according to a...
Philippines joins Asian Infrastructure Investment Bank in the last minute

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The Philippines in a last-minute decision is officially joining the China-led Asian Infrastructure Investment Bank (AIIB) before the deadline by the end of this...
Myanmar drafts new five-year plan to boost economy

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Myanmar is drafting its second five-year plan (2016-17 to 2020-2021) aiming to boost economic growth by encouraging investment in the public and private sectors...
ASEAN Economic Community formally created – is it real?

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Leaders of the Association of Southeast Asian Nations, or ASEAN, on November 22 declared the establishment of the long-planned regional economic bloc, the ASEAN...
‘Public health services are still weak’ – ADB

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The Asian Development Bank is supporting countries across Asia-Pacific in reforming and updating their healthcare systems, which requires proper management and funding. ADB health expert Dr Susann Roth goes...