Economy | BIMP-EAGA

Students and instructors at the Batam State Polytechnic's teaching factory work to mass-produce PCB's and microchips. The acquisition of this expensive production equipment was made possible through funding from the Asian Development Bank. Photo credit: ADB.

Structural Reforms Set the Stage for Green and Inclusive Growth in Indonesia

September 26, 2023

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.

GDP Growth Rate for Southeast Asia. Image credit: ADB.

ADB Trims Growth Forecast for Southeast Asia as Global Demand Weakens

September 22, 2023

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%.

Reducing Flood and Climate Risks in Mindanao River Basins

September 20, 2023

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

A factory worker inspects a tire on the assembly line.

Ministers Welcome Progress in Implementing RCEP

August 31, 2023

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

Pedestrians toting their groceries crossing a street in Indonesia.

Consumer Spending Drives Southeast Asia's Economic Recovery

August 03, 2023

ADB revises growth forecast slightly as global demand slows.

Mindanao: Land of Peace, Plenty, and Beauty Is Ready for Investments

June 09, 2023

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

BIMP-EAGA Leaders Look for New Growth Pathways beyond 2025

May 14, 2023

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

Joint Statement from the 15th BIMP-EAGA Summit

May 12, 2023

Leaders of Brunei Darussalam, Indonesia, Malaysia, and the Philippines issued a joint statement at the 15th BIMP-EAGA Summit held in Labuan Bajo, Indonesia on 11 May 2023.

Komodo National Park in Indonesia. Photo credit: iStock/Subodh Agnihotri.

BIMP-EAGA Leaders Meet in Labuan Bajo Today for 15th Summit

May 11, 2023

The Summit will discuss developments in the subregion and its progress toward the BIMP-EAGA Vision 2025 goals

Nusantara, Indonesia's future national capital. Photo courtesy of Indonesia's Ministry of Public Works and Housing.

Indonesia Wants New Capital to Be a Model City

April 27, 2023

As a model city, the new capital is seen to help in the transition to net zero, achieve climate resilience, and ensure economic prosperity for all.