The state of the land surface and the water cycle over the South and East Asia can be determined by space observation. New or significantly improved algorithms have been developed and evaluated against ground measurements. Variables retrieved include land surface properties, i.e. NDVI, LAI, FPAR, albedo, soil moisture, glacier and lake levels. Based on these biophysical parameters derived from microwave and optical remote sensing observations, a hybrid remotely sensed evapotranspiration (ET) estimation model named ETMonitor was developed and applied to estimate the daily actual ET of the Southeast Asia at a spatial resolution of 1 km. The changes in glaciers and lakes on the Tibetan Plateau, and the drainage links between glaciers and lakes are determined in this climate-sensitive region.