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Farmers chat amid crops in the Philippines.

ASEAN Vows Coordinated Action in Shift to Sustainable Agriculture

December 31, 2024

Leaders adopt action plan detailing strategies aimed at optimizing existing approaches and exploring innovative initiatives promoting sustainable agriculture.
A student at a polytechnic in Indonesia learns how to design printed circuit boards. Photo credit: Asian Development Bank.

TVET Conference to Take Up Skills Development for a Sustainable Future

December 05, 2024

A conference in Kuching, Sarawak in December will talk about how TVET can help advance sustainable socio-economic development in BIMP-EAGA.
A man waits for a his order to be prepared at a food stall in Indonesia.

ADB and Mastercard to Mobilize Funding for Women-Led MSMEs and Climate Finance

December 04, 2024

MSMEs in Asia and the Pacific face significant financing challenges, with nearly half either unserved or underserved—resulting in a credit gap estimated at $2.5 trillion.
A man taking photos while on canopy walk in the rainforests of Malaysia.

Brunei Transport Players See Opportunities in BIMP-EAGA Market

November 21, 2024

The subregion’s travel sector has rebounded strongly since the pandemic, with tourist arrivals posting strong annual growth.
The rapid expansion of the aircraft fleet in Asia and the Pacific, particularly among budget carriers, is driving the growth in demand for maintenance services.  Photo credit: iStock/gorodenkoff.

Southeast Asia Ramps Up Capacity to Cash In on Booming Aircraft Services

November 13, 2024

Indonesia, Malaysia, and Thailand are vying to compete with Singapore, which is recognized as an international service center.
CMGLF representatives during their meeting in Malaysia in October.

Translating BIMP-EAGA Initiatives into Local Action

November 11, 2024

Active support and participation of districts, states, and provinces covered by BIMP-EAGA has spurred growth in the subregion.
	Technicians and workers assemble electronic products in one of the factories inside the Savan Park Special Economic Zone in Savannakhet. Photo credit: ADB.

ASEAN’s Share in Global FDI Expands to 17% at $230 billion in 2023

October 23, 2024

Southeast Asia remains the top destination for foreign direct investments among developing regions.
From left: The Philippines Department of Trade and Industry Regional Director Romeo Castañaga, Malaysia Minister of Economy Rafizi Ramli, Indonesia Senior Advisor to the Minister for Digital Transformation, Creativity, and Human Resources at the Coordinating Ministry for Economic Affairs  Rizal Edwin, and Brunei Darussalam  Ministry of Finance and Economy's Department of Economic Planning and Statistics Acting Director General Hairol Hamid.

Ministers Laud BIMP-EAGA’s Steady Growth as Subregion Marks 30th Anniversary

October 22, 2024

Ministers also tout growth in tourism, trade, investment, and project rollout.
Rainforest in Borneo. Photo credit: iStock/Jason T. Mulvaney.

Kuamut Rainforest—Malaysia’s First Certified Nature-Based Carbon Project

September 27, 2024

The annual emission reduction from the Kuamut Rainforest Conservation Project is estimated at more than 800,000 tonnes of carbon dioxide equivalent.
Burgos Wind Farm in the Philippines. Photo credit: Asian Development Bank.

Setting Up a Renewable Energy Certificate Market in ASEAN: Challenges and Opportunities

September 23, 2024

Initial findings from a BIMP-EAGA study provide insights into creating a credible and sustainable regional REC system.