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.
ADB sells 5 billion dual tranche 3- and 10-year global benchmark bonds
ADB sells $5 billion dual tranche 3- and 10-year global benchmark bonds

(CPV) - The Asian Development Bank (ADB) priced a 3-year global benchmark United States (US) dollar bond worth $3 billion and a 10-year global benchmark US dollar bond worth $2 billion, proceeds of which will be part of ADB’s ordinary capital resources used to promote social and economic development across Asia and the Pacific on January 4th 2024.

Uzbekistan improves 700 km of rural roads
Uzbekistan improves 700 km of rural roads

(CPV) - The Asian Development Bank (ADB) has approved a $240 million loan to improve 700 kilometers of rural roads in Uzbekistan, making them safer and more climate-resilient to enhance connectivity and promote rural development.

Indonesia’s 2024 economic outlook remains optimistic
Indonesia’s 2024 economic outlook remains optimistic

With a strong foundation, Indonesia will generate optimism and demonstrate an ability to recover from many current global challenges, said participants at a December 22 seminar on the country’s 2024 economic prospects.

ADB, Vanuatu commission brenwe hydropower plant
ADB, Vanuatu commission brenwe hydropower plant

(CPV) - The Asian Development Bank (ADB) today joined the Government of Vanuatu and members of the Malekula community in commissioning the Brenwe hydropower plant and transmission and distribution line extension in Malekula which will deliver sustainable, affordable power to residents and businesses.

ASEAN-Japan relations thrive over 50 years
ASEAN-Japan relations thrive over 50 years

Over the past 50 years, the relationship between the Association of Southeast Asian Nations (ASEAN) and Japan has grown comprehensively and deeply across all fields, from politics, security, economy and investment to culture, society, and development cooperation.

Takeo Konishi becomes Director General for South Asia
Takeo Konishi becomes Director General for South Asia

(CPV) - The Asian Development Bank (ADB) has appointed Takeo Konishi as Director General of its South Asia Department (SARD), where he will be responsible for the development and implementation of the department’s strategy in the region. He assumed office on 11 December.

Developing Asia’s 2023 Growth Outlook Upgraded to 4 9
Developing Asia’s 2023 Growth Outlook Upgraded to 4.9%

(CPV) - The Asian Development Bank (ADB) has raised its economic forecast for developing economies in Asia and the Pacific, after robust domestic demand drove higher-than-expected growth in the People’s Republic of China (PRC) and India.

Muhammad Ehsan Khan becomes Director General for East Asia
Muhammad Ehsan Khan becomes Director General for East Asia

(CPV) - The Asian Development Bank (ADB) has appointed Muhammad Ehsan Khan as Director General of its East Asia Department (EARD), where he will be responsible for the department’s vision and strategy in the region. He assumed office last week.

India develops its industrial corridors
India develops its industrial corridors

(CPV) - The Asian Development Bank (ADB) today approved a $250 million policy-based loan to develop industrial corridors in India to increase the competitiveness of the manufacturing sector, strengthen national supply chains and links with regional and global value chains, and create more and better jobs.

Malaysian gov t encourages people to use electric vehicles
Malaysian gov't encourages people to use electric vehicles

The Malaysian government is committed to increasing the acceptance level of Malaysians to shift to electric-based vehicles including electric motorcycles, the country’s Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said on December 8.

COP28 Multilateral development banks boost joint action on climate and development
COP28: Multilateral development banks boost joint action on climate and development

(CPV) - Multilateral development banks (MDBs) published a joint statement on December 3rd 2023 that presents concrete and urgent actions to scale up finance and enhance climate outcomes measurement, strengthen country-level collaboration, and increase cofinancing and private sector engagement in the response to climate change. The announcement came as world leaders are gathering at COP28 in Dubai.

Elevated US rates push up bond yields in emerging East Asia
Elevated US rates push up bond yields in emerging East Asia

(CPV) - Financial conditions in emerging East Asia weakened in the third quarter of 2023 amid expectations of higher interest rates for a longer period in the United States (US). In response to the elevated US interest rates, government bond yields rose across most markets in the region, according to a new report by the Asian Development Bank (ADB).

RoK seeks to strengthen investment in central localities
RoK seeks to strengthen investment in central localities

The Consulate General of the Republic of Korea (RoK) in the central city of Da Nang on November 24 held a conference on the expansion of investment cooperation between the RoK and central localities of Vietnam.

Thailand, China co-host 2023 Green Technology Expo
Thailand, China co-host 2023 Green Technology Expo

Thailand and China are co-hosting the 2023 Green Technology Expo in Bangkok from November 9-12 to strengthen cooperation and showcase achievements in climate change response and carbon neutrality.