Inadequate investment in power grids is holding back developing countries in Asia and the Pacific from embracing the full benefits of an energy transition, including enhanced energy security, the creation of millions of green jobs, and the expansion of electricity access, the Asian Development Bank (ADB) said in its new report.
ADB said in a statement on Monday that the bank calls for the...
Digitalization can be a powerful tool to help reduce persistent economic inequality in Asia and the Pacific—but to harness its potential, governments need to narrow “digital gaps,” including gaps in infrastructure, access, and skills, according to a new report by the Asian Development Bank (ADB).
The bank said in a statement on Tuesday that although developing Asia and the...
ESR Group Limited, a Hong Kong-based real asset owner and manager, has broken ground on ESR Kawanishi Distribution Center 3 (ESR Kawanishi DC3), the third building and the final ready-built facility of its integrated full-service ESR Kawanishi Distribution and Techno Park (ESR Kawanishi) in Osaka, Japan.
ESR said in a statement on Wednesday that at nine storeys and with a gross floor area of...
To support sustainable development and advance Indonesia’s journey to a low-carbon future, the International Finance Corporation (IFC) has announced its first sustainability-linked loan in the country, which will be used to expand green building certification of the portfolio of PT Nirvana Wastu Pratama (NWP), a leading retail and logistics property platform.
IFC said in a statement on...
In a collaboration under the visionary Government-to-Government (G2G) initiative between India and Indonesia, Indian AI and data analytics company AIonOS and Indosat Ooredoo Hutchison (Indosat or IOH) have signed a historic Memorandum of Understanding (MoU) to transform Indonesia’s Artificial Intelligence (AI) ecosystem.
The MoU represents the first large-scale AI-focused partnership...
Malaysia-based Solarvest Holdings Berhad and HSS Engineering Sdn Bhd (HSS), together with their Japanese partner Shizen Malaysia Sdn Bhd, have announced that its utility-scale solar project under SM01 Sdn Bhd has received approval for the Green Investment Tax Allowance (GITA) incentive from the Malaysian Investment Development Authority (MIDA).
This milestone marks a significant step in...
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