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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.
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.
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.
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.
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.
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?
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.
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.
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.
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.
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.
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.
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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