The Mekong Business Initiative, sponsored by the Australian government and the Asian Development Bank, catalyzes lending to promising small and medium enterprises.
The Stock Exchange of Thailand plans to launch a pan-Mekong board and index to tap growing investor interest in developing Mekong economies. The plan, however, is still in its early stages and has not yet reached the Securities and Exchange Commission.
The Lao People’s Democratic Republic (Lao PDR) began project preparations for a highway that extends from its capital Vientiane to Pakse city in the southern province of Champasak. The project is part of a highway that will connect Vientiane with Viet Nam’s capital Hanoi.
BANGKOK, THAILAND (23 February 2018) — The Asian Development Bank signed a loan equivalent of up to $235 million with B.Grimm Power Public Company Limited, one of the largest power producers in Thailand, to develop and enhance renewable energy capacity in member countries of the Association of Southeast Asian Nations.
The Asian Development Bank announced the winners of its Instagram photo contest, which was held to showcase the development progress in the Greater Mekong Subregion in celebration of the 25th anniversary of the GMS program.
The German government is supporting two projects between Cambodia and the Lao People’s Democratic Republic (Lao PDR), and between Cambodia and Thailand to better manage resources in the Mekong River basin and address flood and drought issues.
Countries in the Greater Mekong Subregion are close to full employment. However, workers in vulnerable jobs are alarmingly high
The Lao People’s Democratic Republic (Lao PDR) has made progress in transforming itself from a landlocked to a “land-linked” economy. However, high logistics costs affect its continued growth, particularly its trade competitiveness.
HONG KONG, CHINA (2 February 2018) — The Asian Development Bank today signed a $100 million loan facility agreement with China Everbright International Limited to help a series of municipal waste-to-energy plants in primary and secondary cities in the Mekong Delta.
CHIANG MAI, THAILAND (1 February 2018) — Environment ministers from the six countries of the Greater Mekong Subregion endorsed a 5-year environment agenda that includes more than $540 million worth of priority projects to spur green investments and increase environmental cooperation to help the subregion achieve sustainable growth.
The inaugural Mekong Mini Movie Festival (Mekong Minis) is offering awards across several categories for the best submission that captures the essence of daily life and travel in the Greater Mekong Subregion.
BANGKOK, THAILAND (25 January 2018) — The Asian Development Bank’s Trade Finance Program called for greater financial integration, including the development of trade finance, among Greater Mekong Subregion countries at a recent conference for trade finance professionals, central banks, and government ministries in Bangkok.
The Siem Reap Action Plan will pave the way for the Greater Mekong Subregion to become a regional and global hub for good, sustainably produced food.
PHNOM PENH, CAMBODIA (9 January 2018) — The Asian Development Bank today signed three project loan agreements with the Government of Cambodia to provide support for road network improvement, provincial water supply and sanitation, and smallholder farmers development in Tonle Sap.
MANILA, PHILIPPINES (8 January 2018) — The Asian Development Bank today launched a photo contest on Instagram to showcase the development progress in the Greater Mekong Subregion and demonstrate how a focus on increased regional cooperation and integration can improve people’s lives.