Indonesia’s $20 billion climate deal requires eye on debt: Experts
An energy economist says the country needs to ensure the funds were utilised prudently for early coal plant retirement and new investments in renewables.
Finance
Chinese brands bet on sponsorships for Qatar World Cup
Data showed Chinese companies provided more sponsorship revenue than companies from any other country at the 2022 World Cup.
South Korea to inject 11.2 trillion won into higher, lifelong education
From earlier this year, the ministry has been lifting restrictions on universities, such as student quotas and faculty qualifications.
G-20 attracts new EV investment to Indonesia
The fund, which is expected to grow up to US$2 billion, will focus on electric vehicle value chain investment primarily in Indonesia from downstream to upstream.
AI gaining more ground in China
Data showed that the value of China's core AI industries exceeds 400 billion yuan, and the number of related enterprises stands at more than 3,000.
US, Japan mobilise $20 billion to move Indonesia away from coal
To access the grants and concessional loans, Indonesia has committed to capping emissions at 290 million tonnes by 2030.
Led by EVs, solar, wind, China’s new energy stocks are investment options
As an early mover in electric vehicles, China now has the largest market accounting for around 57.4 per cent of global EV production in 2021.
Japan firms form new company for domestic production of next-gen semiconductors
The total investment to set up the new company is likely to be more than ¥7 billion (USD 49 million).
Indonesia mutual funds reeling as rate hikes, regulatory changes bite
Analysts say the drop was a result of interest rate hikes and policy changes regarding taxation and insurance brokers.
More policy support set for real economy
Experts said stepped-up monetary support to boost investment is expected to buffer the downside risks of real estate weakness, among others.