Sustainable bond market posts strong growth in ASEAN+3 economies

Sustainable bond market posts strong growth in ASEAN+3 economies

(CPV) - The sustainable bond market of member economies of the Association of Southeast Asian Nations (ASEAN), the People’s Republic of China (PRC), Japan, and the Republic of Korea expanded 29.3% last year, outpacing the 21% growth of the global and euro-area sustainable bond markets, according to a new report by the Asian Development Bank (ADB).
UNDP disrupts global television airwaves with shocking weather forecasts from future to mobilize climate action today
UNDP disrupts global television airwaves with shocking weather forecasts from future to mobilize climate action today
(CPV) - Global television audiences who tune in for their local weather reports today are in for a surprise – a special forecast from the year 2050....
Thailand works to conserve coral reefs
Thailand works to conserve coral reefs
Thai marine biologists are making efforts to save the country’s reefs from degradation driven by warming oceans and human activity like tourism.
Malaysia declines offer to host 2026 Commonwealth Games
Malaysia declines offer to host 2026 Commonwealth Games
Malaysia has rejected an offer to host the 2026 Commonwealth Games Federation (CGF). The decision was made at a cabinet meeting on March 22.
Indonesia encourages use of EV
Indonesia encourages use of EV

Indonesia continues to push the use of electric vehicles (EVs) with the dream of bluer skies and cleaner air with lower pollution in the country.

Australia s future lies in ASEAN Scholar
Australia's future lies in ASEAN: Scholar

Emeritus Professor Hal Hill from the Crawford School of Public Policy at the Australian National University has affirmed that Australia's future really lies in ASEAN.

Thailand, IOM collaborate on int’l worker migration policies
Thailand, IOM collaborate on int’l worker migration policies

Thai Minister of Labour Pipat Ratchakitprakarn has extended a warm welcome to Geraldine Ansart, Chief of Mission in Thailand at the International Organization for Migration (IOM), and the delegation from IOM to Thailand, as both parties discussed the international migration of workers.

ASEAN-Australia Special Summit marks significant milestone Australian Ambassador
ASEAN-Australia Special Summit marks significant milestone: Australian Ambassador

The leaders of ASEAN member states and Timor-Leste are descending on Melbourne for a Special Summit to celebrate 50 years since Australia became ASEAN’s first Dialogue Partner in 1974 – an achievement of which Australia is very proud, Australian Ambassador to Vietnam Andrew Goledzinowski has said in his op-ed on the upcoming big event.

Climate change impacts severely impede SDGs
Climate change impacts severely impede SDGs

(CPV) - The impacts of climate change, including slow and sudden onset weather events, are reducing the ability of countries to meet their Sustainable Development Goals (SDGs), according to a report released today by the Asian Development Bank (ADB), United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), and United Nations Development Programme (UNDP).

India to boost fintech in Gujarat
India to boost fintech in Gujarat

(CPV) - The Asian Development Bank (ADB) has approved a $23 million loan to enhance access to quality fintech education, research, and innovation at the Gujarat International Finance Tec-City (GIFT) in India.

Malaysia s palm oil stocks hit six-month low
Malaysia's palm oil stocks hit six-month low

Malaysia's palm oil stocks fell to their lowest in six months at the end of January as production plunged to the lowest level in nine months amid steady exports, the industry regulator has said.

Laos strongly raises tourist target for this year
Laos strongly raises tourist target for this year

The Lao Ministry of Information, Culture and Tourism hopes 6.2 million domestic and foreign tourists will make trips to the country in 2024, much higher than the initial target of 4.6 million set in late 2023.

Indonesia strengthens sanitation system with 419 6 million loan
Indonesia strengthens sanitation system with $419.6 million loan

(CPV) - The Asian Development Bank (ADB) has approved a $419.6 million loan for the Citywide Inclusive Sanitation Project to help Indonesia expand access to climate-resilient, adequate, and safely managed sanitation services in the cities of Mataram, Pontianak, and Semarang.

India invests 12 23 billion Indian rupee for a 400 MW solar power plant in Gujarat
India invests 12.23 billion Indian rupee for a 400 MW solar power plant in Gujarat

(CPV) - The Asian Development Bank (ADB) and SAEL Industries Limited, through its subsidiary SAEL Solar P4 Private Limited, have signed a loan of up to 12.23 billion Indian rupees (about $147 million equivalent) for the development of a 400-megawatt (MW) greenfield solar power plant in Gujarat, India, to support the country’s ongoing transition toward clean energy and low-carbon growth.

Malaysia’s 2023 GDP growth lower than expected
Malaysia’s 2023 GDP growth lower than expected

Malaysia’s economy grew at a slower-than-estimated pace in the fourth quarter of 2023, as exports to China fell, signaling that a firmer recovery is taking longer than expected.

Thailand discovers nearly 15 mln tonnes of lithium
Thailand discovers nearly 15 mln tonnes of lithium

Thailand has discovered nearly 15 million tonnes of lithium deposits, a boost for the country's goal of becoming a regional hub for electric vehicle (EV) production, its Government announced on January 19.

BII launch new green trade finance partnership for Asia and the Pacific
BII launch new green trade finance partnership for Asia and the Pacific

(CPV) - The Asian Development Bank (ADB) and British International Investment (BII), the United Kingdom government’s development finance institution and impact investor, have launched a new trade finance partnership to promote green trade in Asia and the Pacific. Managed by ADB’s Trade and Supply Chain Finance Program (TSCFP), the initiative will prioritize renewable energy, energy efficiency, and climate-smart agriculture to help reduce dependency on fossil fuels.

ASEAN Plus Three forecast to grow 4 5 in 2024
ASEAN Plus Three forecast to grow 4.5% in 2024

The 2024 growth forecast for the ASEAN Plus Three (APT) region has been kept at 4.5%, said the Singaporean-based ASEAN+3 Macroeconomic Research Office (AMRO) in its January quarterly update.