The Asian Development Bank has approved a 100-million-USD loan to upgrade a 66.4 km section of road connecting the towns of Eindu and Kawkareik in Myanmar’s Kayin state.
Upgrading the road will complete improvements to the Myanmar sections of the GMS East-West Corridor (Source: adb.org)
Hanoi (VNA) - The Asian Development Bank has approved a 100-million-USD loan to upgrade a 66.4 km section of road connecting the towns of Eindu and Kawkareik in Myanmar’s Kayin state, the missing section of the Greater Mekong Subregion (GMS) East-West Corridor.
The completion of the route will help connect Vietnam ’s central Da Nang city and Myanmar ’s two economic hubs: Mawlamyina and Yangon.
According to James Leather, Principal Transport Specialist in ADB’s Southeast Asia Department, upgrading this stretch of the road will complete improvements to the Myanmar sections of the GMS East West-Corridor.
This will open up new economic opportunities for Myanmar and its state and support the country’s growth, he said.
The project is expected to be completed by September 2019.
The 1320 km corridor runs from Da Nang of Vietnam to Myanmar via Laos and Thailand.-VNA
The Asian Development Bank (ADB) is willing to provide long-term and low-interest-rate loans for Vietnam’s major socio-economic infrastructure projects.
The Asian Development Bank (ADB) on September 25 announced it will double annual climate financing to 6 billion USD by 2020 to help countries in the Asian-Pacific region cope with climate change.
The Asian Development Bank has approved a 60-million-USD loan for Cambodia to increase its agricultural production by rehabilitating and modernising irrigation systems.
Leaders of the Hanoi People’s Committee extolled the highly important role of the ADB in the capital city’s socio-economic development in a meeting with the bank's country director in Hanoi.
The Republic of Korea (RoK), China and Japan agreed on May 3 to reinforce the regional financial safety net, along with members of the Association of Southeast Asian Nations (ASEAN), by launching a new financing facility programme meant to extend greater support in case of a financial crisis.
A technical issue combined with an extreme heatwave was blamed for a series of explosions at a military base that killed 20 soldiers and injured several others in Cambodia on April 27, the country’s Ministry of Defence said in a May 2 statement as reported by the Xinhua news agency.
The Customs Department of Thailand is scheduled to commence the collection of value-added tax (VAT) on imported goods sent via postal services, regardless of the goods value, starting in May.
A lecturer from Chulalongkorn University’s Faculty of Medicine has warned Thais to be more vigilant against COVID-19, saying infection rates appeare to be worsening with higher hospital admissions, deaths and severe cases.
Malaysia should harness the collective expertise and resources to drive sustainable growth and development of the halal industry, according to Minister of Investment, Trade and Industry Zafrul Abdul Aziz.
Laos has officially restored the 10% value-added tax (VAT) rate starting May 1, in a bid to support the country’s budget revenue and socio-economic development.
The ASEAN Future Forum 2024 (AFF 2024) entered its second plenary session in Hanoi on the afternoon of April 23, discussing ways to ensure comprehensive security for the people-centred ASEAN Community.
The first session of the ASEAN Future Forum 2024 (AFF 2024) in Hanoi on April 23 focused on fast and sustainable growth for the Association of Southeast Asian Nations (ASEAN).
The Canada-ASEAN Business Council (CABC) and the ASEAN Alliance on Carbon Markets (AACM) have signed a Memorandum of Understanding (MoU) to strengthen collaboration and accelerate the implementation of carbon crediting programmes across Southeast Asia.
ASEAN Secretary-General Kao Kim Hourn reaffirmed ASEAN leaders' commitment to empowering the youth to unleash their full potential when he had a dialogue with ASEAN youth in Hanoi on April 22 on the sidelines of the ASEAN Future Forum (AF 2024).
The Thai Government is being urged to increase the proportion of renewable power generation to more than the target of 50% set in the power development plan (PDP).
The Centre for Volcanology and Geological Hazard Mitigation (PVMBG) of Indonesia on April 21 lifted its tsunami advisory issued previously following the eruption of Mount Ruang in Sitaro district of North Sulawesi province.
Thailand expects to export about 1 million tonnes of durian, valued at an estimated 130 billion THB (3.53 billion USD) this year, with most of the shipments to China, according to Minister of Agriculture Thammanat Prompao.
The 72nd meeting of the ASEAN Working Group on Intellectual Property Cooperation (AWGIPC) and related meetings are being held by the Ministry of Science and Technology’s Intellectual Property Office (IPO) of Vietnam in the central city of Da Nang on April 22-26.
Enhancing regional food security and tackling the pressing challenges of climate change will be key agendas defining Malaysia’s ASEAN Chairmanship in 2025, Speaker of the Dewan Rakyat (lower house) Johari Abdul told the press on April 19.
Upgrading the road will complete improvements to the Myanmar sections of the GMS East-West Corridor (Source: adb.org)
