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

Across the Globe, CEOs Now Focus on Building Resilience and Sustainability to Meet SDGs

April 14, 2023

Largest CEO survey shows their companies are deploying innovations and partnerships to deliver results.