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Economy

Tourists sit at Merisik Hill during sunset in Lombok island, Indonesia. Photo credit: Asian Development Bank.

ADB Sees Brighter Prospects for Developing Asia amid Challenges

April 11, 2023

Continued easing of pandemic restrictions boosts consumption, tourism, and investment.
Workers assemble electronic products in a special economic zone in Southeast Asia. Photo credit: Asian Development Bank.

To Stay Competitive, Southeast Asia Must Decarbonize Global Value Chains

March 31, 2023

A new ADB report finds the benefits far outweigh the cost of going green.
A materials recovery facility in Manila. Photo credit: Asian Development Bank.

Why ASEAN Is Shifting to a Circular Economy

March 28, 2023

Adopting sustainable consumption and production practices will have multiple economic and social benefits, such as creating green jobs and reducing pollution.
Ministers of Brunei Darussalam, Indonesia, Malaysia and Philippines at 25th BIMP-EAGA Ministerial Meeting. Photo courtesy of COORDINATING MINISTRY FOR ECONOMIC AFFAIRS  REPUBLIC OF INDONESIA.

BIMP-EAGA Charts Path to a Resilient Recovery

December 05, 2022

Subregional economy rebounds, and planned investments in priority projects increase to more than $30 billion.
Economic zone programs have helped countries in Southeast Asia move from agriculture to export-oriented manufacturing. Photo credit: iStock/faidzzainal.

A Coopetition Strategy for Special Economic Zones in BIMP-EAGA

November 25, 2022

An Asian Development Bank study shows how the subregion can create a single market and production base through cooperation and competition.
Students in a training center in Indonesia work on a car equipment.

BIMP-EAGA Ministers to Tackle Competitiveness and Climate Resilience in Meeting This Week

November 24, 2022

The 25th BIMP-EAGA Ministerial Meeting and related meetings will be held on 23-26 November in Pontianak, West Kalimantan in Indonesia.
Dining out in Singapore. Photo credit: Asian Development Bank.

Southeast Asia’s Digital Economy to Hit $200B in 2022

November 11, 2022

Google-led study says e-commerce continues to accelerate, but travel and transport will take time to fully recover.
Electric bus in Jakarta, Indonesia. Photo credit: iStock/Samsul.

Electric Vehicles, Electronics, and the Digital Economy Drive FDI Flows to ASEAN

October 12, 2022

Growing investor interest in these key industries helps boost foreign direct investments to near pre-pandemic levels in 2021.