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2024-12-06 09:13:10

ADB approves $14.8M grant to accelerate climate action
The Asian Development Bank (ADB) has approved a technical assistance (TA) grant of $14.8 million to accelerate climate action, foster innovation, and strengthen private sector development across its regional operations. ADB said in a statement on Wednesday that the TA will support knowledge work and capacity building on several special initiatives across various sectors to address critical...

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2024-11-28 05:42:44

ADB, Mastercard launch innovative partnership to finance MSMEs in Asia and the Pacific
The Asian Development Bank (ADB) and the Mastercard Impact Fund, administered by the Mastercard Center for Inclusive Growth, have signed a memorandum of understanding to establish a groundbreaking partnership aimed at supporting micro, small, and medium-sized enterprises (MSMEs) across Asia and the Pacific. The initiative will initially target Georgia, India, Indonesia, Malaysia, the...

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2024-11-27 14:47:11

ASEAN stock exchanges to explore centralized ASEAN ESG data infrastructure
ASEAN-Interconnected Sustainability Ecosystem (ASEAN-ISE) participating exchanges have issued a request for information (RFI) to develop a centralized ASEAN environmental, social, and governance (ESG) data infrastructure. Bursa Malaysia said in a statement on Tuesday that ASEAN-ISE members have collectively agreed to issue a RFI to identify fit-for-purpose solutions that will support the...

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2024-11-11 16:33:58

CAREC launches regional climate fund to strengthen regional collaboration on climate resilience
Member countries of the Central Asia Regional Economic Cooperation (CAREC) Program have endorsed a new Climate Change Action Plan (CCAP) and launched the CAREC Climate and Sustainability Project Preparatory Fund (CSPPF) to strengthen regional collaboration on climate resilience, low-carbon growth, and sustainable development. The endorsement took place at the 23rd CAREC Ministerial Conference...

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2024-12-24 13:12:13

Hong Leong foresees energy transition to gain pace in Malaysia amidst data center boom
Hong Leong Investment Bank Research has foreseen energy transition to gain pace in Malaysia next year amidst a data center boom. Cited Juwai IQI, the research house noted in its recent report that Malaysia was the fastest growing data center market in Southeast Asia in the third quarter of 2024, and is set to become the third largest in Asia after Japan and India. Judging from Malaysian...

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2024-11-15 07:39:09

IFC scales up climate financing in Vietnam to support green transition
Boosting its support for Vietnam’s green transition and sustainable development, the International Finance Corporation (IFC) has scaled up its long-term investment in the country with a strong focus on climate finance in the last fiscal year. The new commitments aim to bolster Viet Nam’s shift towards a low-carbon economy while enhancing private-sector resilience and...

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2024-11-20 16:23:21

Malaysia signs MOC with 9 Asean countries to operationalize regional carbon market agenda
Malaysia has embarked on a landmark partnership with carbon market associations from nine other ASEAN nations through the signing of a Memorandum of Cooperation (MOC) aimed at developing a unified carbon framework, the ASEAN Common Carbon Framework (ACCF). As the third-largest trader in the world, this strategic agreement is set to enhance carbon market efficiencies across the region,...

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2024-11-15 07:25:05

Malaysia’s Yinson Renewables launches Matarani solar plant in Peru
Malaysian renewable energy firm Yinson Renewables has officially launched the Matarani solar plant in Peru. The firm said in a statement on Thursday that the 97 MWp Matarani solar plant, located in the Mollendo Desert in the Arequipa region, entered into full operational phase in September 2024. It is designed to deliver 260 GWh of renewable energy annually, satisfying the electricity needs...

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2024-11-28 08:26:37 5.0

Malaysia’s Yinson Renewables secures $59M financing for Matarani solar project from IDB Invest, Natixis
Malaysia-based renewable energy firm Yinson Renewables has secured a $59 million senior secured green financing for the Matarani Solar Project in Peru from IDB Invest and Natixis Corporate & Investment Banking (Natixis CIB). Yinson Renewables said in a statement on Thursday that Natixis CIB acted as sole structuring bank, green loan coordinator, and joint lead arranger alongsideIDB Invest....

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