Asian Development Bank
Covid-19 health crisis main driver of poverty, unemployment in Southeast Asia
The Covid-19 pandemic – or, as some say, rather government-imposed restrictions in response to it – has increased poverty and dealt a blow to...
Asian Development Bank to assist Indonesia in setting up its new capital
The Asian Development Bank (ADB) will support Indonesia in setting up its planned $32-billion capital city on Borneo island by "mobilising" financing and assessing...
Southeast Asia on the way to economic recovery: ADB
Southeast Asia is entering a recovery phase from the Covid-19 pandemic, mainly helped by improving exports as the global economy is gradually strengthening, the...
Youth unemployment to surge in Southeast Asia as economies get hit hard by pandemic – ADB
Table from the new report "Tackling the COVID-19 youth employment crisis in Asia and the Pacific" by the Asian Development Bank...
Cambodia facing drastic rise in poverty amid pandemic
Slum at the outskirts of Phnom Penh © Arno Maierbrugger
The poverty rate in Cambodia is expected to...
ADB says Myanmar’s economy gets back on track
The legendary empty 20-lane-highway in Myanmar's capital Naypyitaw © Arno Maierbrugger
Myanmar’s economic growth, which has been...
Cambodia’s economic growth to reach 7.3% this year
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
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
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
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
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
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
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
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
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
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
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
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...
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Thailand, Singapore most vulnerable to potential US recession
Southeast Asia could be seriously affected in case the US falls into recession, but some countries would be more badly hit than others, economists...