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Economics

A bank in Cambodia. Photo credit: Asian Development Bank.

ASEAN Strengthens Financial Cooperation amid Market Uncertainty

April 13, 2022

At the 8th ASEAN Finance Ministers’ and Central Bank Governors’ Meeting, top officials reviewed and exchanged views on risks, challenges, and opportunities in the region.
Ships wait to load and unload cargo at the Keppel Bay container terminal on 13 July 2011. Singapore is home to one of the world's busiest ports. Photo credit: Asian Development Bank.

Bullish Outlook for Southeast Asia amid Global Uncertainty

April 13, 2022

Economic gains continue despite tapering by the US Central Bank in November in response to rising inflation and the Russian invasion of Ukraine.
Samarinda city in East Kamilantan, Indonesia. Photo credit: iStock/vidiawan.

Building a Green and Smart City in Indonesia’s New Capital

March 29, 2022

The capital will be relocated to an area covered by BIMP-EAGA where it could help drive the subregion’s development and growth.
Photo credit: Asian Development Bank.

COVID-19 Pushed More People into Extreme Poverty in 2021, but Southeast Asia Can Bounce Back

March 16, 2022

A report from the Asian Development Bank sees bright prospects for economies with widespread technology adoption, resilient merchandise exports, or rich natural resources.
SEADS 2022 banner

Innovative Solutions Needed to Nurse Southeast Asian Economies Back to Health

March 14, 2022

ADB's Third Southeast Asia Development Symposium is slated on 16–17 March.
A container port in Southeast Asia. Photo credit: Asian Development Bank.

Regional Comprehensive Economic Partnership Takes Effect on 1 January

December 28, 2021

Uneven benefits from tariff concessions seen for member states but still advantageous overall.
BIMP-EAGA-China webinar, 16 December 2021, via Zoom

BIMP-EAGA and China Hold Webinar to Boost Economic Ties

December 22, 2021

The virtual webinar on 16 December discussed initiatives and opportunities for deepening cooperation.
Divers are searching and removing the crown of thorns around Datoy Island in Coron, Palawan, Philippines, to conserve the coral reefs. Photo credit: Asian Development Bank.

Countries in East Asia Commit to Green Recovery and Healthy Oceans

December 16, 2021

The virtual 7th East Asian Seas Ministerial Forum endorsed a roadmap to 2030 that is anchored on sustainability and blue economy principles.
A Chinese restaurant in Singapore. Photo credit: Asian Development Bank.

Google-Led Study Sees a $1-Trillion Digital Economy in Southeast Asia by 2030

November 12, 2021

New consumers and businesses are expected to stay digital even after the pandemic.
A wind farm technician in the Philippines. Photo credit: Asian Development Bank.

More than $600M Pledged for Green Infrastructure in Southeast Asia at COP26

November 03, 2021

The new funding will go to the ASEAN Green Recovery Platform, which backs low-carbon and climate-resilient infrastructure projects.