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Myanmar political standoff leaves economy in tatters

The military takeover in Myanmar has set its economy back years, if not decades, as political unrest and violence disrupt banking, trade and livelihoods and millions slide deeper into poverty. ...

Asian Development Banks gets $665M for climate projects

The Asian Development Bank said Tuesday it has won commitments of $665 million to support climate-related projects in Southeast Asia. The Manila, Philippines-based lender manages th...

Asian Development Bank boosts 2019-2030 climate financing goal to $100 billion

WASHINGTON, Oct 12 (Reuters) - The Asian Development Bank's will boost its climate financing goals by $20 billion to a new target of $100 billion for the 2019-2030 period and aims to launch its co...

COVID: Will European tourists return to Southeast Asia?

It's little wonder Southeast Asia is now in a rush to welcome back tourists: in 2019, the sector was worth $393billion (€340 billion) for the regional economy. For countries like Cambodia and...

Vietnam's COVID woes trigger supply chain issues for EU firms

Optimism has been returning for European investors after Vietnam's Communist government began rolling back lockdown measures in mid-September, and the majority of restrictions in the southern busi...

ADB raises Taiwan growth prediction to 6.2% for 2021

TAIPEI (Taiwan News) — While the Asian Development Bank (ADB) trimmed its forecast for Asia’s overall economic growth to 7.1% for this year, it nevertheless raised its growth prediction fo...

ADB: Asia below pre-pandemic levels as variants slow rebound

Developing economies in Asia will likely grow at a slower pace than earlier expected due to prolonged COVID-19 outbreaks and uneven progress in vaccinations, the Asian Development Bank said in a repor...

HDBank gets US$50 million from French development agency to finance green projects

HO CHI MINH CITY, VIETNAM - Media OutReach - 17 September 2021 - Proparco, the French Development Finance Institution, has granted a US$50 million loan to HDBank to finance green projects and promo...

African Swine Fever: China's other pandemic

During a teleconference more than two years ago, Chinese Vice-Premier Hu Chunhua urged health authorities to step up efforts to rein in a growing pandemic despite initial "positive results,"...

U.S. funding tapped for Pacific undersea cable after China rebuffed

SYDNEY, Sept 3 (Reuters) - The Federated States of Micronesia will tap a U.S. funding facility to construct a Pacific undersea communications cable, two sources told Reuters, after rejecting a Chinese...

Kamala Harris visits Singapore to deepen ties, counter China's influence

U.S. Vice President Kamala Harris will meet Singapore's leaders on Monday on the first working day of a trip to Southeast Asia aimed at bolstering ties as part of Washington's efforts to count...

Samoa's new leader confirms scrapping of China-funded port

The new prime minister of Samoa has confirmed she will cancel a China-backed port project, but hasn't closed the door to China as she navigates a path for the Pacific nation against a backdrop of ...

Biden picks Penn president for Germany ambassador

WASHINGTON (AP) — President Joe Biden on Friday announced he's nominating University of Pennsylvania President Amy Gutmann to serve as U.S. ambassador to Germany. Gutmann has served ...

The Latest: Vaccinated Canadians won’t have to quarantine

TORONTO — Fully vaccinated Canadian citizens who test negative for COVID-19 will be exempt from two weeks of quarantine when returning to the country as of July 5, officials said Monday. ...

China, India drive Asia to defy COVID-19-induced investment slump

Foreign direct investment inflows to Asia rose 4% to $535 billion (€449 billion) last year, defying the COVID-19 pandemic as foreign investors continued to bet on the region's biggest markets...