Economy

Malaysia stock photo. Photo credit: Asian Development Bank.

Southeast Asian Economies to Grow 4.4% in 2021 amid COVID-19

April 29, 2021

The Asian Development Bank sees the trade-dependent region tracking developments in the global economy, buoyed by mass vaccinations and fiscal and monetary stimulus.
SOM

BIMP-EAGA Senior Officials Assess Targets and Accomplishments ahead of Mid-Term Review

April 29, 2021

A mid-term review of accomplishments under Vision 2025 is slated this year in preparation for the next ministerial meeting and leaders' summit.
News Brief

Asia–Pacific Countries to Discuss Regional Priorities for Overcoming COVID-19

April 26, 2021

UNESCAP has set an ambitious policy agenda grounded in regional cooperation for “building back better” from the pandemic.
The ASEAN Catalytic Green Finance Facility is supporting the recently approved sustainable transport project EDSA Greenways in the Philippines. Photo credit: ADB.

What Is the Green Recovery Program in Southeast Asia?

March 30, 2021

ASEAN plans to build back cleaner after COVID-19 by investing in sustainable transport, clean energy, and low-carbon agriculture.
Explore green growth opportunities in agriculture and fisheries, clean energy, and sustainable transport and waste management. Photo credit: ADB.

Green Investments, Big Data, Tax Reform Key to Southeast Asia’s Recovery

March 17, 2021

Three areas are critical to Southeast Asia's economic recovery: investing in green infrastructure, revenue mobilization, and big data solutions.
Brunei Darussalam's capital Bandar Seri Begawan. Photo credit: iStock/Sophie James.

Brunei Moves toward a Dynamic and Sustainable Economy

January 08, 2021

A new economic blueprint will help the country create more high-value employment opportunities and harness the latest technology in line with the Fourth Industrial Revolution.
Research from Google, Temasek, and Bain estimates the internet economy in Southeast Asia exceeding $100 billion as more people use online services during the pandemic. Image credit: Liza Solano.

Workers Need to Gear Up for Southeast Asia’s Booming Internet Economy

December 10, 2020

The outlook for the internet economy may be rosy but the lack of digital skills in the region may hold back its growth.
Southeast Asia is rich in natural gas, hydropower, solar, bio-mass, wind, and geothermal energy. Photo credit: Asian Development Bank.

Investing in Clean Energy Can Speed Up COVID-19 Recovery

December 01, 2020

A Sustainable Energy for All report says investing in renewables can add $25 billion to the annual GDP, create millions of jobs, and improve resilience.
The Regional Comprehensive Economic Partnership (RCEP) Agreement is expected to improve market access, build regional supply chains, increase investments and opportunities, and boost economic recovery efforts during the COVID-19 crisis. Photo credit: Asian Development Bank.

5 Things You Need to Know about ASEAN’s Biggest Trade Agreement

November 19, 2020

The Regional Comprehensive Economic Partnership (RCEP) groups the 10 ASEAN member states and its 5 regional partners: Australia, the People’s Republic of China, Japan, Republic of Korea, and New Zealand.
The first Southeast Asia Development Symposium (SEADS) will be held via video conferencing. This photo shows the backend operations of a virtual meeting, which has become the new normal during the pandemic. Photo credit: ADB.

The New Normal: Driving Economic Recovery through Digital Innovation

October 15, 2020

A virtual symposium will gather policy makers and stakeholders to explore innovative responses to the COVID-19 crisis.