Showing 21-30 of 422 results

ADB invests $155 million in Thai green bonds

The Asian Development Bank (ADB) plans to invest 5 billion Thai baht (US$155 million) in Thailand-based B.Grimm Power Public Company Ltd via five- and seven-year green bonds. Reportedly, the bonds are the first certified climate bonds issued in the country. According to the bank, the proceeds have been earmarked for nine operational solar PV plants […]

ADB, IFC invest in Ayala energy unit’s green bonds

AC Energy, Inc. has attracted two of the world’s biggest development lenders International Finance Corp. (IFC) and the Asian Development Bank (ADB) to the Ayala-led company’s multi-million dollar green bond offering that will fund regional renewable energy projects, company officials said. “In total now, we have $410 million from the green bond offer,” Eric T. […]

ADB, Infrastructure Asia agree to promote green finance for sustainable infrastructure in Southeast Asia

The agreement will allow ADB and Infrastructure Asia to help state-owned enterprises, regional and municipal governments, in Southeast Asia in improving their institutional, financial, and governance capacities for developing innovative and green infrastructure programs and projects The Asian Development Bank (ADB) and Singapore’s Infrastructure Asia today signed a cooperation agreement to help governments in Southeast […]

Adnoc and Singapore’s GIC complete $600m pipeline infrastructure deal

Abu Dhabi National Oil Company (Adnoc) completed its $600 million (Dh2.2 billion) pipeline infrastructure investment agreement with GIC, Singapore’s sovereign wealth fund, alongside BlackRock, KKR and Abu Dhabi, Retirement Pensions and Benefits Fund (ADRPBF) as co-investors, boosting the total deal value to about Dh18bn. “The successful final closing of this landmark transaction is a clear […]

Amata Corporation to develop a smart city in Yangon

The long-awaited dream of turning Yangon, Myanmar’s commercial hub, into a smart city may soon be realised with the support of Amata Corporation Pcl, Thailand’s largest industrial estate developer. VikromKromadit, chairman of Amata Corporation Pcl, said at a signing ceremony on Thursday (August 22) that the firm would bring advanced technology and quality investors to […]

ASEAN Energy Storage Devices Market Expected to Witness a Sustainable Growth over 2020

Rise in the energy demand and depleting fossil fuels is pushing the market towards non-conventional sources of energy. Energy demand is expected to increase by 70% between 2012 and 2035. The existing conventional sources of energy are depleting at a much faster rate than expected and their depletion is equally proving detrimental to the climate. […]

ASEAN is serious about electric vehicles

Commercial fleets and two-wheeled vehicles are expected to be the biggest drivers of growth in ASEAN’s electric vehicle (EV) market. A recent report by consultants Bain & Company estimates that the region’s annual new investment in passenger EVs will grow to US$6 billion by 2030, and will require another US$500 million in new charging infrastructure […]

ASEAN must switch to electric vehicles faster

While electric vehicles (EVs) continue to capture the attention of consumers in ASEAN, policies and subsidies in line with those found in countries leading the switch to EVs will make electric vehicles a more attractive proposition for the region. EVs, including hybrid electric cars, can drastically reduce carbon emissions released into the environment. Compared to conventional […]

ASEAN needs more women in the energy sector

Southeast Asia has shown an improvement in the number of women in leadership roles. The Philippines, Vietnam and Singapore are leading in having the most women holding senior management positions, based on a 2019 report by Grant Thornton, ‘Women in Business’. However, women representation decreases as they go up the management ladder. A survey by the […]

ASEAN urged to boost private sector financing for sustainable infrastructure

KUALA LUMPUR (Nov 29): ASEAN member states must take steps to promote greater private sector participation in sustainable infrastructure financing in order to help forge an ASEAN economic future that is underpinned by sustainable development for decades to come. HSBC Asia Pacific head of Belt and Road Initiative and business corridors, Mukhtar Hussain, said a […]