The Asian Development Bank (ADB) has announced plans to mobilize $30 billion by 2030 to support the development priorities of the ASEAN and strengthen its resilience against external shocks.

Leaders across Southeast Asia have raised concerns about the global ripple effects of the Iran conflict, warning that the crisis is already affecting energy prices, livelihoods, and regional stability during a major summit of the ASEAN.

Thailand and Cambodia’s leaders held bilateral talks on the sidelines of ASEAN meetings, drawing attention to growing regional cooperation, economic priorities and geopolitical challenges facing Southeast Asia.

Thailand and Cambodia are set to hold rare high-level talks on the sidelines of the Association of Southeast Asian Nations summit in the Philippines, as a fragile ceasefire continues to hold following deadly border clashes last year.

Foreign ministers from the Association of Southeast Asian Nations met in the Philippines on Thursday ahead of the bloc’s upcoming summit, with discussions focusing on the worsening energy crisis linked to the ongoing conflict involving Iran and the United States.

The launching ceremony of the China-ASEAN disaster management cooperation project was held on Thursday at the ASEAN Secretariat in Jakarta, Indonesia.

The European Union and the Association of Southeast Asian Nations have jointly urged the United States and Iran to end their conflict through peaceful means, warning of rising risks to global stability and trade.

The Azerbaijan State Oil Fund (ARDNF) has joined forces with the China Investment Corporation and the Indonesia Investment Authority to establish a new cross-regional investment structure named “Galaxy Orientis” China–ASEAN Investment Platform (CAIP).

Southeast Asian nations on Monday called for the restoration of safe, unimpeded, and continuous transit passage for vessels and aircraft through the Strait of Hormuz, urging “all parties” to ensure the safety of seafarers and ships.