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Fridays: Business insights on Southeast Asia's fast-growing economies.

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ASEAN Business

Three sovereign wealth funds anchor new China-Asean investment platform; US$520 million secured in first close

There are plans to expand the fund to US$1 billion as it targets opportunities emerging from deeper ties between China, S-E Asia

(From left to the right) Chief Investment Officer of INA Mr. Christopher Suprayogie Ganis; Senior Advisor of INA Mr. Ridha Wirakusumah; Supervisory Board of INA Mr. Haryanto Sahari; Coordinator for Economic Affairs at the Indonesian Embassy in Beijing Mr. Anindityo Adi Primasto; Executive Vice President and Deputy Chief Investment Officer of CIC Mr. Zhang Shaoqin; Acting CEO of INA Mr. Eddy Porwanto; Chairman and CEO of CIC Mr. Zhang Qingsong; CEO of SOFAZ Mr. Israfil Mammadov; Ambassador Extraordinary and Plenipotentiary of the Republic of Azerbaijan to the People's Republic of China His Excellency Bunyad Huseynov; Chief Investment Officer of SOFAZ Mr. Farhad Zeynalov; Chairman of CGS Mr. Wang Sheng; Chairman of CGS International Mr. Wu Peng.
ASEAN Business

Indonesia risks missing EV boom as most nickel goes to stainless steel, research says

The growing adoption of nickel-free battery technologies is an added risk

Nickel matte being transported by dump truck during processing activities at Vale Indonesia’s refining facility in Sorowako, South Sulawesi.
mafund01 - Maharlika Investment Corporation CEO and President Rafael Consing Jr speaks to potential investors for the Philippines' sovereign wealth fund on the sidelines of the World Economic Forum in Davos, Switzerland on January 17, 2024.

Credit: Photo: Courtesy of: Maharlika Investment Corporation President and CEO Rafael Consing Jr
ASEAN Business

Asia relying on US crude to replace Middle East supply

The war in Iran and near closing of the Strait of Hormuz has choked off crude flows to Asia

FILE PHOTO: A worker stands near structures at the Saras oil refinery in Cagliari, Italy, January 30, 2026. REUTERS/Remo Casilli/File Photo
ASEAN Business

Vietnam proposes steep cuts to clean-energy payouts in protracted US$13 billion dispute

EVN’s proposal for 173 projects could force some investors to repay past incentives

The rapid growth of rooftop solar capacity in Vietnam is proving too much for its electricity infrastructure to bear. The main reasons include an underprepared transmission grid and imprecise planning of demand and supply, says an expert.