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expanding the tax base, maximizing tax compliance, and simplifying the compliance process will significantly boost governments’ revenue and better position them to finance pandemic recovery.

Tax Reforms Can Help Finance Southeast Asia’s Pandemic Recovery

August 16, 2021

An Asian Development Bank report recommends policies for strengthening domestic resource mobilization to support a resilient recovery.
BIMP-EAGA organizes trade fairs to showcase products from the subregion.

Tax Agreement to Strengthen Economic Ties between Brunei and Philippines

August 06, 2021

The two countries have signed an agreement for the avoidance of double taxation and the prevention of income tax evasion.
Rice vendors in their store

Mindanao Barter Trade Persisted in 2020 despite COVID-19 Restrictions

August 03, 2021

Traders are uniquely positioned to adapt to shocks, says Asia Foundation report.
News Brief

Renewed COVID-19 Outbreaks Slow Recovery in Developing Asia

July 21, 2021

The Asian Development Bank (ADB) lowered its growth outlook for the region this year, including for Southeast Asia. Developing Asia is projected to grow by 7.2% instead of 7.3% in 2021 as renewed COVID-19 outbreaks slowed economic recovery. The growth outlook for 2022 is upgraded to 5.4% from 5.3%.

Tourist boats

Southeast Asia Faces GDP Loss of 8.4% in 2021 as COVID-19 Roils Tourism

July 15, 2021

Countries urged to restore travelers' confidence, mitigate socioeconomic impacts on livelihoods, and prepare for the long term.
North Luzon Expressway Rehabilitation and Expansion Project in the Philippines. Photo credit: Asian Development Bank.

How Can SDG Bonds Attract Green Infrastructure Financing?

July 06, 2021

The Asian Development Bank is proposing a new kind of bond to support a green, resilient, and inclusive recovery.
COVID-19 vaccination program in the Philippines. Photo credit: Asian Development Bank.

Why It Is Critical to Invest in a Robust Health System

July 02, 2021

Universal health coverage and a strong primary care system can help countries protect and save more lives during a pandemic.
Construction in central Jakarta near Jalan Sudirman. Photo credit: Asian Development Bank.

UNCTAD Sees FDI Recovery in Southeast Asia in 2021

June 24, 2021

Key drivers of foreign investment include the transition to a digital economy, major infrastructure projects, and the RCEP trade agreement.
The ASEAN Access website is designed to help small businesses enter new markets by providing information and linking them to service providers.

ASEAN Opens Online Portal for SMEs

June 22, 2021

The ASEAN Access portal helps small and medium-sized enterprises explore market opportunities within and outside Southeast Asia.
indonesia vac

Makassar Paves the Way for Smart and Pandemic-Proof City Planning in Indonesia

June 22, 2021

A manual using COVID-19 data was launched to help cities be more resilient to crises.