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India's strong growth, tech demand brighten developing Asia prospects, says ADB

India's strong growth, tech demand brighten developing Asia prospects, says ADB

MANILA, Dec 10 (Reuters) - Strong demand for products from the region's high-tech economies and India's faster-than-expected growth have improved the outlook for developing Asia and the Pacific for this year and the next, the Asian Development Bank said on Wednesday.

Analysis-How China Inc is marching into Vietnam amid US tariffs

Analysis-How China Inc is marching into Vietnam amid US tariffs

By Francesco Guarascio HANOI, Dec 10 (Reuters) - Chinese firms are expanding in Vietnam, leading investment inflows and sending record shipments to Hanoi in defiance of U.S. calls for decoupling, as the Communist neighbours beef up ties.

ADB approves $400 million loan to make it easier to do business in the Philippines

ADB approves $400 million loan to make it easier to do business in the Philippines

MANILA, Dec 10 (Reuters) - The Asian Development Bank has approved a $400 million policy-based loan to support the Philippines' efforts to make it easier for investors to do business in the country.

China's $80 Billion Cleantech Investment Targets Emerging Markets Amid U.S. Tariffs

China's $80 Billion Cleantech Investment Targets Emerging Markets Amid U.S. Tariffs

Chinese firms have invested approximately $80 billion in overseas clean technology projects over the past year, according to a report by Climate Energy Finance. This investment surge is largely driven by a need to address a supply glut in green technologies such as solar panels and batteries. The report highlights that 75% of China's low-carbon foreign direct investment is concentrated in Asia, the Middle East, Africa, and Latin America. Notable projects include an $8.28 billion green hydrogen initiative in Nigeria and a $6 billion battery factory in Indonesia. These investments are seen as opportunities for emerging economies to reduce reliance on fossil fuels and participate in the technological revolution.

China funnelled $80 billion into overseas cleantech in past year, report says

China funnelled $80 billion into overseas cleantech in past year, report says

By Colleen Howe BEIJING, Dec 8 (Reuters) - Chinese firms have committed some $80 billion in clean technology investments overseas over the past year as they sought new markets to absorb a supply glut, according to a report by Australian research group Climate Energy Finance (CEF).

China Invests $80 Billion in Overseas Clean Technology Amid U.S. Tariffs

China Invests $80 Billion in Overseas Clean Technology Amid U.S. Tariffs

Chinese firms have invested approximately $80 billion in overseas clean technology over the past year, according to a report by Climate Energy Finance. This investment surge is driven by a need to address a supply glut in green technology products like solar panels and batteries. The report highlights that many countries have increased their cooperation with China in response to U.S. tariffs imposed by President Trump. China's foreign investments in clean energy infrastructure are creating new markets for its products, with significant projects in regions such as Southeast Asia, the Middle East, and Africa. Notable projects include a green hydrogen initiative in Nigeria and a battery factory in Indonesia.

Climate change threatens Asia’s water and power systems, reports warn

Climate change threatens Asia’s water and power systems, reports warn

Climate change is hammering Asia’s water and power systems, endangering the lives and livelihoods of millions, with countries facing billions in protection costs, according to Asia-based lenders and advocacy groups

Flood Risks in South-east Asia Pose Threats to Transport and Agriculture Sectors

Flood Risks in South-east Asia Pose Threats to Transport and Agriculture Sectors

A recent report by research firm BMI highlights the increasing flood risks in South-east Asia, particularly affecting the transport and agricultural sectors. The report notes that many airports, roads, and railways are located in flood-prone areas, leading to potential disruptions. This includes major tourist hubs like Indonesia's international airports in Bali and Jakarta. Additionally, croplands are increasingly vulnerable to flooding, exacerbated by deforestation and soil erosion. The report warns that as global warming accelerates and populations in vulnerable areas grow, the risk of disruption and food-supply shocks will rise. The study also indicates that a significant portion of the population in countries like Indonesia, Malaysia, Singapore, Vietnam, and the Philippines live in flood-prone areas.

China's exports grow 5.9% in November, while US shipments drop 29%

China's exports grow 5.9% in November, while US shipments drop 29%

China's exports returned to growth in November after an unexpected contraction in October, climbing 5.9% from a year earlier

Chinese Forces Fire Flares at Philippine Patrol Plane in South China Sea, Escalating Tensions

Chinese Forces Fire Flares at Philippine Patrol Plane in South China Sea, Escalating Tensions

Chinese forces fired three flares from an artificial island towards a Philippine patrol plane conducting a routine surveillance mission in the disputed South China Sea. The incident occurred near Subi Reef, one of the seven disputed reefs in the Spratly Islands, which China has developed into military bases. The Philippine coast guard reported that the flares did not disrupt the mission, which aimed to monitor marine environments and ensure the safety of Filipino fishermen. The patrol also observed a Chinese hospital ship, two coast guard ships, and 29 suspected militia ships in the area. The United States, while not a claimant in the South China Sea, has reiterated its commitment to defend the Philippines under mutual defense treaties.

Rubio and Hegseth discuss Indo-Pacific security with Australian counterparts

Rubio and Hegseth discuss Indo-Pacific security with Australian counterparts

Secretary of State Marco Rubio and Defense Secretary Pete Hegseth have met their Australian counterparts for annual talks focused on Indo-Pacific security and countering China’s increasing assertiveness in the region

US judge rejects Trump administration's halt of wind energy permits

US judge rejects Trump administration's halt of wind energy permits

By Nate Raymond and Nichola Groom BOSTON, Dec 8 (Reuters) - A federal judge on Monday ruled that U.S. President Donald Trump's administration had failed to justify its decision to suspend issuing leases and permits for new wind projects in keeping with the Republican president's wishes. U.S.