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Pacific Money

The 21st century is commonly referred to as the 'Pacific Century.' For such a prediction to materialize, the economies of the Asia-Pacific must lead the globe. What challenges will the region face? What nations stand to benefit most? The Diplomat's economics and business blog, Pacific Money, will try to tackle these questions and more.

Asian Development Bank Cuts Forecasts to Reflect Weakening Outlook
September 22, 2022

Asian Development Bank Cuts Forecasts to Reflect Weakening Outlook

By Elaine Kurtenbach
The ADB cut its estimate for growth in Asia’s developing economies to 4.3 percent, down from an earlier forecast of 5.2 percent. But the slowdown is not evenly distributed.

Greening Pains: Can Petronas Make the Leap to Renewables?
September 15, 2022

Greening Pains: Can Petronas Make the Leap to Renewables?

By Gulzhan Musaeva
With a government to provide for and its own pecuniary interests, the Malaysian state oil and gas giant is unlikely to change dramatically.
How Is China Doing on ESG Goals?
September 14, 2022

How Is China Doing on ESG Goals?

By Sara Hsu
Chinese firms are moving in the right direction, but they lag behind Western firms that must follow ESG goals in order to compete.

Thailand’s 2023 Budget Keeps an Eye on Spending and Debt
September 13, 2022

Thailand’s 2023 Budget Keeps an Eye on Spending and Debt

By James Guild
In Thailand the most important thing is to keep the baht stable and maximize exports.

The Potential for Japan-South Korea-US Trilateral Cooperation Through IPEF
September 06, 2022

The Potential for Japan-South Korea-US Trilateral Cooperation Through IPEF

By Kaitlyn King
Both Seoul and Tokyo are part of the U.S.-lead economic initiative. Can it help break the ice between the two?

Why Indonesia Reduced Petrol Subsidies
September 06, 2022

Why Indonesia Reduced Petrol Subsidies

By James Guild
The move will be unpopular, but could well generate considerable economic benefits over the long run.

Southeast Asia Hopes to Become the World’s Next EV Hub
September 05, 2022

Southeast Asia Hopes to Become the World’s Next EV Hub

By Danielle Fallin and Karen Lee
A number of nations hope to carve out lucrative market niches as global sales of electric vehicles begin to take off.
Trade Troubles: Do We Still Need the WTO?
September 02, 2022

Trade Troubles: Do We Still Need the WTO?

By Ryan Burke
The WTO injects more tension than trust into the international system.

Ratings Agency Announces Pending Withdrawal of Rating for Laos
August 31, 2022

Ratings Agency Announces Pending Withdrawal of Rating for Laos

By Sebastian Strangio
The decision by the Fitch ratings agency testifies to the depth and unpredictability of the country's current economic crisis.

The Asian Development Bank’s Energy Transition Mechanism
August 31, 2022

The Asian Development Bank’s Energy Transition Mechanism

By James Guild
After pledging to stop funding coal-powered power plants last year, the ADB is developing a framework to speed up the region's green transition.

Indonesian Parliament Ratifies RCEP Free Trade Mega-Pact
August 31, 2022

Indonesian Parliament Ratifies RCEP Free Trade Mega-Pact

By Sebastian Strangio
Indonesia’s accession to the 15-nation agreement is a reminder of the extent to which economics is a priority for many Asia-Pacific nations.
How Sri Lanka Can Overcome Its Economic Crisis
August 26, 2022

How Sri Lanka Can Overcome Its Economic Crisis

By Talal Rafi and Sirimal Abeyratne
The government should take advantage of the crisis to do things that it could never attempt before, from addressing regressive subsidies to restructuring state-owned enterprises.

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