Articles

The country is building its first integrated marine vessel maintenance and decommissioning yard at Pulau Muara Besar through a public–private partnership.

The region is strategically located as a gateway to the People’s Republic of China, Japan, and ASEAN markets, including the BIMP-EAGA subregion.

The country's shift to net zero is seen to propel high-impact industries, including MSMEs, as well as attract investments and generate job opportunities.

The new service links Tawi-Tawi province in Mindanao, Philippines and Sabah state in Malaysian Borneo.

With farmers and fishers organized as a cluster, like a cooperative, they are expected to have greater access to financing, resources, technologies, and markets.

Improving quality of incubators and accelerators, financial access for early-stage startups, and talent development are needed to bolster startups, says ADB report.

Sharing storage infrastructure is expected to make CCUS projects economically and technically feasible in the region.

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.

An ADB study sees airlines recovering 90% of their capacity by the end of 2023, but the path to full recovery will be challenging.

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%.