The Asian Development Bank (ADB) said on May 26 that it has approved a 400 million USD loan to support the Philippine government's efforts to strengthen domestic capital markets and reach its development goals of high, sustained economic growth and poverty reduction.
The Council for the Development of Cambodia (CDC) has recently approved five investment projects worth 174.8 million USD that are expected to generate 2,458 jobs for locals.
Thailand’s customs-based exports recorded an annual growth of 2.12 percent in April as a result of higher shipments of agricultural products, food and gold, according to the country’s Commerce Ministry.
The World Bank (WB) has called on the Indonesian government to formulate a sound fiscal strategy to “flatten the debt curve” and maintain financial market confidence as debt mounts amid the COVID-19 pandemic.
The Thailand Development Research Institute (TDRI) has forcast that Thailand is likely to take up to three years to return to normal economic conditions similar to 2019.
The COVID-19 crisis has caused the rate of economic growth in the CLMV bloc to be at its lowest in two decades, the CLMV economies could grow at 3.4 percent this year
While the new Indonesia-Australia free trade agreement is expected to boost trade between the countries, it also represents a step for Australia towards increasing its engagement with ASEAN.
The pandemic is depressing demand, disrupting global supply chains and spurring export restrictions on medical and food supplies.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
