SINGAPORE (25 April 2017) — The Asian Development Bank has backed Singapore’s Sunseap Group’s project to build Cambodia’s first large-scale solar power project under a long-term agreement with Electricité Du Cambodge.
An ambitious effort is underway to connect the rail systems of Mekong countries so that passengers and freight can move seamlessly across borders.
New transmission lines bring cheaper electricity from the Viet Nam border to Phnom Penh, Cambodia's capital.
From gross domestic product to merchandise exports, it’s all about steady, high growth in the GMS.
Sometimes misunderstood as highway projects, the concept of economic corridors can be complex and confusing. Though not simple, they are powerful tools for reducing poverty and increasing economic growth.
Economic corridors, like the East-West Corridor running through the Greater Mekong Subregion, are much more than just highways. They link a variety of economic activities and have wide-ranging impacts.
The Myanmar government recently approved a project that will ensure the completion of the Greater Mekong Subregion East-West Economic Corridor, which stretches from Danang, Viet Nam to Yangon, Myanmar.
Economic growth in Southeast Asia is trending up with nearly all countries showing bright prospects. The Asian Development Bank (ADB) forecasts gross domestic product (GDP) to grow at an average of 4.8% in 2017 and 5% in 2018, from 4.7% in 2016.
HONG KONG, CHINA (6 April 2017) — The People’s Republic of China (PRC) needs to accelerate structural reforms in order to boost productivity and sustain growth momentum, says a new Asian Development Bank report.
YANGON, MYANMAR (6 April 2017) — Myanmar’s growth should accelerate this year and the next, driven by a firming recovery in the major industrial economies and the government’s continued reforms, says a new Asian Development Bank (ADB) report launched today.