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BIMP-EAGA

BIMP-EAGA

The Brunei Darussalam–Indonesia–Malaysia–Philippines East ASEAN Growth Area, or BIMP-EAGA, is a cooperation initiative established in 1994 to spur development in remote and less developed areas in the four participating Southeast Asian countries.

With 65% of Asia’s infrastructure projects not considered bankable and with the clock ticking to deliver on their net-zero goals, countries like Indonesia are under pressure to line up green projects that would attract investments from the private sector. Photo credit: ADB.
Article
19 April 2022

6 Ways Indonesia Can Green Its Infrastructure Pipeline

Incorporating environmental, social, and governance norms in planning and offering incentives for fund raising, among ways to add more green projects.
Strong global demand for electronics, fewer supply disruptions, and high commodity prices boosted exports in Southeast Asia last year. Photo credit: ADB.
News
18 April 2022

Bullish Outlook for Southeast Asia amid Global Uncertainty

Economic gains continue despite tapering by the US Central Bank in November in response to rising inflation and the Russian invasion of Ukraine.
Nusantara is located roughly between two urban centers in East Kalimantan, Balikpapan and Samarinda (in photo). Photo credit: iStock/vidiawan.
News
11 April 2022

Building a Green and Smart City in Indonesia’s New Capital

The capital will be relocated to an area covered by BIMP-EAGA where it could help drive the subregion’s development and growth.
Sustainable travel aligns with BIMP-EAGA’s goal to promote the subregion as a premier destination for ecotourism in Asia and the Pacific. Photo credit: ADB.
Article
4 April 2022

Have Passport, Will Travel—Sustainably

Sustainable options for travelers wanting to explore BIMP-EAGA are just a click away.
Singapore achieved the highest implementation rate at more than 90%, followed by the Philippines, Indonesia, Malaysia, and Thailand, which achieved high rates of more than 80%. Photo credit: iStock/Delpixart.
News
4 April 2022

ASEAN Makes Good Progress in Reducing Trade Costs, Says UN Survey

The average implementation rate in ASEAN is 79%, higher than the Asia–Pacific regional average of 64.9%.
The diverse flora and fauna in Palawan and Mindanao is a big draw for tourists. Photo credit: ADB.
Article
31 January 2022

Philippines’ #SafeTripPH Campaign Extols Travel Can Still Be Fun Despite COVID-19

Tourism authorities in the Philippines caution travelers to check safety protocols and travel requirements for every destination they want to visit.
Increasing demand for health care and other services and for better infrastructure are creating opportunities for equity investments in Southeast Asia. Photo credit: ADB.
News
21 January 2022

ADB Supports Equity Investments in Southeast Asia

Investments in private equity funds Creador V and Northstar V will help create jobs, improve services, and foster good corporate governance.
In Palawan, Philippines, divers help clean up the ocean and keep coral reefs healthy. Photo credit: ADB.
News
20 January 2022

Countries in East Asia Commit to Green Recovery and Healthy Oceans

The virtual 7th East Asian Seas Ministerial Forum endorsed a roadmap to 2030 that is anchored on sustainability and blue economy principles.
In Thailand, women accounted for 60% of all job losses, including 90% in manufacturing. Photo credit: ADB.
News
20 January 2022

Job Losses in Southeast Asia Peak during Strictest COVID-19 Curbs

Young people aged 15 to 24 accounted for as much as 45% of job losses at the height of the pandemic in 2020. Women were also among the most affected.
An UNCTAD study estimates that the Regional Comprehensive Economic Partnership will increase intraregional exports by $42 billion. Photo credit: ADB.
News
4 January 2022

Regional Comprehensive Economic Partnership Takes Effect on 1 January

Uneven benefits from tariff concessions seen for member states but still advantageous overall.