More needed aside from World Bank's US$2.5b, Asian Development Bank US$10b allocations, says Fadillah

KUALA LUMPUR, June 18 — The Asian Development Bank (ADB) has described Malaysia as being “really at the centre” of efforts to accelerate the long-discussed Asean Power Grid (APG) initiative, citing growing momentum in regional power trade involving Malaysia, Singapore, Indonesia and Vietnam.

KUALA LUMPUR, May 5 — Rising trade protectionism impacts global trade, causing economic fragmentation that affects trade, investment, and capital flows throughout the region, as concluded in the 28th Asean+3 Finance Ministers’ and Central Bank Governors’ Meeting (AFMGM+3).

MANILA, April 9 — Developing economies in Asia and the Pacific are forecast to expand by 4.9 per cent on average this year and 4.7 per cent in 2026, partly due to trade uncertainty and higher United States tariffs, a new report by the Asian Development Bank (ADB) said today.

KUALA LUMPUR, April 8 — The Southeast Asia bloc is engaging with investors as well as multilateral development banks (MDBs) to power up the Asean Power Grid (APG), the planned key power connection between member states.

MANILA, April 11 — Developing Asia's growth this year is expected to be slightly stronger than previously forecast as healthy domestic demand in many economies offsets the property-driven slowdown in China, the Asian Development Bank (ADB) said today.

MANILA, Dec 15 — The Asian Development Bank (ADB) said on Friday it has signed a grant of US$10 million with the Lao government to strengthen responses to food security in the country.

MANILA, Nov.

KUALA LUMPUR, Oct 27 — Transport Minister Anthony Loke has extended Malaysia’s commitment to adopting cleaner and more energy-efficient technologies during Asia's High-Level 15th Regional Environmentally Sustainable Transport (EST) Forum.

KUALA LUMPUR, Oct 26 — Implementing projects under the Mid-Term Review of the Brunei-Indonesia-Malaysia-Philippines East Asean Growth Area's (BIMP-EAGA) Vision 2025 (BEV 2025) will be expedited, and preparatory work will begin for the BIMP-EAGA Post 2025 Agenda.

PUTRAJAYA, Oct 11 — Malaysia, via the Department of Statistics Malaysia (DOSM), has been elected as the co-chair of the Regional Advisory Board (RAB) Meeting on International Comparison Programme (ICP) 2021 for Asia and the Pacific, effective on Monday (October 9).

JAKARTA, Aug 24 —The growing use of solar photovoltaic cells, battery, and electric two-wheeler (E2W) industries in Southeast Asia could potentially yield between US$90 billion and US$100 billion (RM464 billion) by 2030, according to a recent research.

MANILA, July 19 — Developing Asia is on track to grow faster in 2023 from a year earlier as strong consumption and investment offset the impact of weak global demand, the Asian Development Bank (ADB) said on Wednesday.

KUALA LUMPUR, June 21 — The decision on which country will helm the Asian Monetary Fund (AMF) will be based on the agreement among the 68 Asian countries involved, said Deputy Finance Minister I Datuk Seri Ahmad Maslan.

INCHEON, South Korea, May 3 — South Korea's finance minister said Wednesday that Asian countries should pursue openness and rules of fair trade to address rising economic fragmentation and geopolitical instability, reported Yonhap.

KUALA LUMPUR, Sept 27 — The Asian Development Bank (ADB) plans to provide at least U$14 billion between 2022 and 2025 to ease the worsening food crisis in Asia and the Pacific.

KUALA LUMPUR, Aug 24 — The Covid-19 pandemic has set back the fight against poverty in Asia and the Pacific by at least two years, and many people in the region will likely find it harder than before to escape poverty, according to a report from the Asian Development Bank (ADB).

KUALA LUMPUR, Aug 17 — Big data can support over US$100 billion (RM446 billion) worth of opportunities in Southeast Asia, particularly across the five focus countries, namely Cambodia, Indonesia, Myanmar, the Philippines, and Thailand, according to the Asian Development Bank (ADB).

KUALA LUMPUR, July 6 — A green recovery from the Covid-19 pandemic in Southeast Asia has the potential to create US$172 billion (RM760.2 billion) in investment opportunities annually and generate more than 30 million jobs by 2030, according to the Asian Development Bank (ADB).

KUALA LUMPUR, April 28 — The Asian Development Bank (ADB) projects Malaysia’s gross domestic product (GDP) to rebound to 6.0 per cent in 2021 and stabilise at about 5.7 per cent in 2022, supported by the rollout of Covid-19 vaccines.