Trade and industry
The planned Brunei Darussalam–Indonesia–Malaysia–Philippines Power Integration may be the next multilateral power trading project.
An ADB-backed program is helping the country improve its investment climate to attain high-income status by 2045 and transition to a low-carbon economy.
This report from ADB provides an economic forecast for developing countries in the Asia–Pacific for 2023 and 2024.
The loan will support programs that will create an enabling environment for investments, ease trade barriers, and upscale enterprises.
To meet the net-zero emission scenario, demand for critical minerals is estimated to grow sixfold to 42.3 million tonnes in 2050 from 7.1 million tonnes in 2020.
Addressing the gender disparity in entrepreneurship and the green sector in ASEAN requires targeted policies and initiatives.
With robots and AI seen to increase productivity, trade, and the creation of new skills, the forthcoming technological developments in robotics and AI need to be welcomed rather than discouraged.
This would entail significant policy change, grant of incentives, and reskilling or upskilling of the region's workforce.
Southeast Asia Urged to Seize $200 Billion in Opportunities in Solar PVs, Electric Two-Wheelers, and BatteriesTo unlock these opportunities, however, the region needs joint action from multiple stakeholders to provide regulations, standards, manufacturing sector reforms, and other initiatives.
$200 Billion in Opportunities Seen in the Manufacture of Solar PVs, Electric Motorcycles, and BatteriesUnlocking the region’s potential for the three opportunities would depend on whether the right enablers are in place, including regulatory policies, business ecosystems, technologies, and funding.