Economics

Ministers to discuss the implementation of key infrastructure projects, tourism recovery, an initiative to strengthen border health security, and other developments.

The country is building its first integrated marine vessel maintenance and decommissioning yard at Pulau Muara Besar through a public–private partnership.

An ADB-backed program is helping the country improve its investment climate to attain high-income status by 2045 and transition to a low-carbon economy.

The Asian Development Bank revised growth outlook to 4.6% this year from an earlier projection of 4.7% and to 4.8% in 2024 from 5.0%.

The project takes into account future climate change impacts and incorporates nature-based solutions.

A support unit that will be tasked to coordinate the trade pact’s implementation is expected to start operations in 2024.

ADB revises growth forecast slightly as global demand slows.

The Philippines’ southern frontier makes an aggressive investment pitch to accelerate its growth momentum. 

The leaders touted BIMP-EAGA’s achievements and resilience after almost 3 decades of cooperation.