Economy | BIMP-EAGA

Divers are searching and removing the crown of thorns around Datoy Island in Coron, Palawan, Philippines, to conserve the coral reefs. Photo credit: Asian Development Bank.

Countries in East Asia Commit to Green Recovery and Healthy Oceans

December 16, 2021

The virtual 7th East Asian Seas Ministerial Forum endorsed a roadmap to 2030 that is anchored on sustainability and blue economy principles.

A Chinese restaurant in Singapore. Photo credit: Asian Development Bank.

Google-Led Study Sees a $1-Trillion Digital Economy in Southeast Asia by 2030

November 12, 2021

New consumers and businesses are expected to stay digital even after the pandemic.

A wind farm technician in the Philippines. Photo credit: Asian Development Bank.

More than $600M Pledged for Green Infrastructure in Southeast Asia at COP26

November 03, 2021

The new funding will go to the ASEAN Green Recovery Platform, which backs low-carbon and climate-resilient infrastructure projects.

BIMP-EAGA Leaders posing at the 14th Summit held virtually

BIMP-EAGA Leaders: The Pandemic Has Not Deterred Robust Cooperation

November 03, 2021

Key infrastructure projects have increased 65% to 88 since 2017, showing countries’ commitment to boost connectivity.

People wearing masks walking in the street

BIMP-EAGA to Deepen Digital Integration and Connectivity in Line with ASEAN Thrust

November 03, 2021

The Bandar Seri Begawan Roadmap will guide digital transformation, which is key to pandemic recovery.

Traders and workers mill around a fish market in Mindanao

Private Sector Proposes Measures to Better Promote Trade, Tourism, and Investment in BIMP-EAGA

October 19, 2021

BEBC keen to be growth engine in reviving the economies of member countries, says chairman.

The 24th BIMP-EAGA Ministerial Meeting was held virtually via Zoom on 11 October 2021.

Increased Investments, Improved Connectivity to Boost BIMP-EAGA’s Recovery

October 13, 2021

The 24th Ministerial Meeting reports that investments rose more than 30% while 16 priority projects were completed despite COVID-19.

Photo of senior officials attending the meeting

BIMP-EAGA on Track to Meet 2025 Targets despite COVID-19

October 08, 2021

The grouping will hold the 24th Ministerial Meeting on 11 October and the 14th Leaders’ Summit on 28 October.

Mobile apps, such as Grab—a ride-hailing service that expanded to food delivery and package delivery, have thrived in Southeast Asia's booming digital economy. Photo credit: ADB.

Taxing the Digital Economy

September 14, 2021

Global and regional initiatives to strengthen tax cooperation will be key to overcoming the challenges posed by increased digitalization and globalization.

COVID-19 Makes It Harder for Asia to Attain Sustainable Goals

September 03, 2021

An estimated 75 million to 80 million people in the region fall into extreme poverty.