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Economy

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.
Keppel Container Terminal in Singapore. Photo credit: ADB.

Southeast Asia Seen to Grow Faster than the PRC in Next 10 Years

August 26, 2024

Viet Nam and the Philippines will drive the region's growth with each expected to exceed 6%, while Indonesia comes close at 5.7%
A worker walks among solar panels in a solar farm in Sarawak.

Sarawak Energy Set to Commission Largest Floating Solar Farm in Malaysia

June 28, 2024

The state-owned company eyes second phase with 160 megawatts capacity.
A bird's eye view rendering of Nusantara.

Nusantara to Ensure SDGs Integrated into All Aspects of Development

March 14, 2024

Body overseeing the new capital's development has launched a report that would serve as a baseline in tracking the city’s SDG commitments.
Students looking at their mobile phones while at school in Mindanao.

Enhancing Digital Connectivity in Remote Areas in Mindanao

March 12, 2024

The loan will support the construction and operation of 800 shared telecommunication towers to help expand digital connectivity for underserved communities.
A clownfish swimming through corals in Philippine waters.

How an Innovative Insurance Product Can Protect Coral Reefs

February 06, 2024

With parametric insurance, payouts can be made immediately after a typhoon, making it an effective tool to fund the rapid emergency restoration of coral reefs post damage.
A rendering of Nusantara.

8 Things to Know about Nusantara’s Net-Zero Strategy

January 26, 2024

The capital is the first city in Indonesia to have a roadmap to achieve net zero by 2045.
Community members helping to bring in a fishing haul from the shore.

Ocean-Based Climate Action Can Bring Indonesia Closer to Net Zero

January 18, 2024

Kalimantan, Sulawesi, Maluku, and Papua have untapped ocean resources that could help the country meet and raise its climate ambition.