EU carbon border tax could hit some Asia exports but has limited impact on emissions: ADB
THE new carbon border tax by the European Union could hurt exports of some Asian markets and even raise costs for EU...
ADB committed record US$9.8 billion in climate finance in 2023
THE Asian Development Bank (ADB) committed a record US$9.8 billion in climate finance in 2023 to help the region’s developing economies reduce...
ADB cuts Asean growth forecasts for 2023, 2024 on lacklustre manufacturing
THE Asian Development Bank (ADB) expects South-east Asia’s gross domestic product (GDP) to grow 4.3 per cent this year, down from its...
MAS partners ADB to set up US$2 billion blended-finance fund
[DUBAI] The Monetary Authority of Singapore (MAS) is partnering two bodies – the Asian Development Bank (ADB) and the Global Energy Alliance...
Sri Lanka to receive about US$600 million ADB funding post-IMF approval
SRI Lanka will get about US$600 million, on a staggered basis, from the Asian Development Bank after the International Monetary Fund releases...
Asian Development Bank to provide US$10 billion climate finance for Philippines
THE Asian Development Bank (ADB) said on Monday (Dec 4) it will allot US$10 billion in climate finance for the Philippines between...
Financing for energy transition in Asean gains momentum at COP28
[DUBAI] Plans to corral capital to finance South-east Asia’s transition to a low-carbon economy is underway at the annual United Nations climate...
Social investor network AVPN launches US$5 million sustainability seed fund
SOCIAL investor network AVPN has launched its second Asia-Pacific sustainability seed fund, supported by Google’s philanthropic arm Google.org and the Asian Development...
Asian Development Bank unveils capital moves to boost lending by US$100 billion over a decade
THE Asian Development Bank (ADB) unveiled new capital reforms on Friday that will unlock US$100 billion in new financing capacity over 10...
ADB cuts South-east Asia growth forecasts for 2023 and 2024 on weaker export demand
SOUTH-EAST Asia has largely recorded weaker economic performance across the region, with the Asian Development Bank (ADB) downgrading its growth forecasts for...