ADB increases support for energy transition in Asia
A new financing tool that allows Asian governments to force coal-fired power plants to shut down early is set to launch its first project in Indonesia following months of negotiations, according to the Asia Development Bank (ADB).
Jakarta (VNA) – A new financing tool that allows Asian governmentsto force coal-firedpower plants to shut down early is set to launch its first project inIndonesia following months of negotiations, according to the Asia DevelopmentBank (ADB).
ADB's senior climate advisor Warren Evans said the bank’s energy transition mechanism (ETM) makes use of private andpublic capital to refinance investments in coal-fired power plants, allowingpower purchase agreements to be shortened and plants to be shut as much as adecade earlier than planned.
Negotiations on the “Cirebon One” project in Indonesia werenow on schedule, and talks were also underway to launch a similar project inthe Philippines, he said.
This is the first that has ever been done, so there are a lotof challenges and uncertainties to be resolved, but the negotiations areproceeding, he noted.
The mobilisation of climate finance to helpdeveloping countries adapt to climate change will be a major theme at COP28climate talks in Dubai this year, Evans added.
ADB recently launched its Innovative Finance Facility forClimate in Asia and the Pacific (IF-CAP), a donor-backed guarantee facilityallowing the bank to free up billions of USD of capital for loans to climateprojects in the region./.
The Asian Development Bank (ADB) on July 24 appointed Shantanu Chakraborty as its new Country Director for Vietnam, succeeding Andrew Jeffries who ended his term as Country Director on April 27.
The new country director of the Asian Development Bank (ADB) in Vietnam praised the close cooperation of the Ministry of Planning and Investment, affirming the bank will support Vietnam to effectively solve challenges and realize set targets in socioeconomic development.
The Asian Development Bank (ADB) announced on September 25 that it has approved a 500 million USD loan to support Indonesia’s development agenda and reform priorities in creating an enabling environment for investments, easing trade barriers, and upscaling enterprises.
The Asian Development Bank (ADB) and the Vietnam Water Supply and Sewerage Association (VWSA) have signed a memorandum of understanding (MoU) to further strengthen their cooperation in promoting a sustainable and inclusive water sector in Vietnam, according to an ADB press release.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Efforts to empower women must transcend dialogue and translate into concrete commitments, including corporate pledges and government partnerships, according to the spouse of Malaysian Prime Minister Anwar Ibrahim.
The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
The new FIFA Hub in Jakarta will not only support football development in Indonesia but also serve as a coordination centre for 21 football associations across Southeast and East Asia.
Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
PM Anwar Ibrahim affirmed the determination of Malaysia, as ASEAN Chair for 2025, to utilise all viable regional mechanisms of the bloc and work with partners to de-escalate violence and restore a peace process led by Myanmar.
Talking to the Vietnam News Agency on the occasion of the 100th anniversary of the Vietnam’s Revolutionary Press Day (June 21, 1925–2025), Nikulina, who is also a veteran journalist of Russia’s Sputnik News, emphasised the vital role of mainstream journalism in defending the truth and maintaining public trust.
Illustrative image (Photo: //www.thestar.com.my/) 
