Cambodia: Asia’s New Tiger Economy
Once synonymous with conflict and poverty, the Cambodia economy is one of the fastest growing globally. Since 2011 Cambodia’s economy has grown by 7 per cent or more and this pace is expected to continue […]
ADB Lends $123 Mil To Upgrade Manila’s Water Supply
The Asian Development Bank (ADB) has approved a $123.3 million loan for a new water tunnel to help modernise Manila’s water supply, reducing the risk of shortages as demand for water rises in tandem with […]
Southeast Asia Climate Change Losses Far Exceed Previous Estimates
Economic losses from the impacts of climate change in Southeast Asia could be 60 per cent higher than previously estimated, reducing the region’s gross domestic product (GDP) by up to 11 per cent by 2100, […]
2015 Cambodia GDP Shaved To 7%
The Asian Development Bank (ADB) has revised down slightly its 2015 Cambodia GDP growth forecast from 7.3 per cent forecast in March to 7.0 per cent, a drop of 4.11 per cent, while it expects […]
Soaring FDI boosts Vietnam 2015 GDP Forecast to 6.5% (Updated)
The latest revision to regional GDP forecasts by the Asian Development Bank (ADB) sees Vietnam overtaking the Philippines as the fastest growing economy in Asean with Vietnam 2015 GDP forecast at 6.5 per cent, with […]
ADB cuts Asean 2015 GDP growth forecast by 10.2%
The Asian Development Bank (ADB) has revised down its Asean 2015 GDP growth forecast to 4.4 per cent, a 10.20 per cent reduction to the 4.9 per cent Asean 2015 GDP growth forecast it […]
2015 Philippines GDP Forecast Cut By 6.25%
The Philippines will see a mild pullback in 2015 GDP growth before the economy bounces back in 2016 on a pickup in government spending and a likely bounce back in exports, says a new Asian […]
GMS 20th Ministerial Conference Kicks Off
Opening statement by ADB vice-president Stephen Groff at the 20th Ministerial Conference of the Greater Mekong Subregion Economic Cooperation Program held 9-10 September 2015 in Nay Pyi Taw, Myanmar.
I am very pleased to join you at this 20th Ministerial Conference of the Greater Mekong Subregion Economic Cooperation Program (GMS-ECP). I would like to thank our host, the Republic of the Union of Myanmar, […]